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Starting in July, Best Buy will no longer be selling CDs in its stores: that part of the business only generated about $40 million for the retailer last year. Target is also reducing CD sales with its new consignment-based policy, in which it will only pay for discs that are actually sold.
While it says it's planning to pull out CDs, Best Buy will continue to carry vinyl for the next two years, keeping a commitment it made to vendors. The vinyl will now be merchandised with the turntables, sources suggest. Meanwhile, sources say that Target has demanded to music suppliers that it wants to be sold on what amounts to a consignment basis.
While it says it's planning to pull out CDs, Best Buy will continue to carry vinyl for the next two years, keeping a commitment it made to vendors. The vinyl will now be merchandised with the turntables, sources suggest. Meanwhile, sources say that Target has demanded to music suppliers that it wants to be sold on what amounts to a consignment basis.