Best Buy Will Stop Selling CDs This Summer

Best Buy To Stop Selling CDs in July of 2018

Best Buy did not immediately respond to EW's request for comment, but a Target spokesperson offered this statement: "Entertainment has been and continues to be an important part of Target's brand".

So much so that according to a report from Billboard, retailers in the USA are looking to phase out the sales of CDs.

However, Billboard reports that stores will still carry vinyl records for the next two years to keep up a commitment made to vendors. In addition, Target is also said to be reevaluating its approach to CD sales. Executives there are reportedly insisting they will only pay music companies for the discs they sell instead of paying upfront for inventory. According to the same article, now "Target takes the inventory risk by agreeing to pay for any goods it is shipped within 60 days, and must pay to ship back unsold CDs for credit".

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Target told labels that it no longer wants to take inventory risk on the sales of music and video past year.

According to Billboard, Target has demanded to music suppliers that it wants to be sold on what amounts to a consignment basis. With so many different streaming and download options when it comes to music, we asked locals about their thoughts on CDs slowly becoming extinct. Music labels are apparently waiting to see how DVD manufacturers react.

Music consumption has mostly moved to streaming services in the past decade, as tyrants like Spotify, Apple Music, Pandora, and SoundCloud have dominated the game. "We have nothing more to share at this time".

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