Music Retailers In UK Reaches All-Time High
Music consumers in the United Kingdom are provided with more music retailers than ever before. Despite the decline of physical music sales, the number of UK outlets selling music products has risen to an all-time high, according to numbers published by the Entertainment Retailers Association (ERA).
In the past year, the UK experienced a 20% increase in retailers that sold CDs and vinyls, expanding from 8,633 to 10,391 music outlets.
The creative and forward-thinking investment strategies by entertainment stores have proven to withstand the overall falling demand of physical albums. Music purists favor physical music markets for the tangible aspect of a record and sale that is unattainable with digital purchases. “Physical outlets seem to have the edge when it comes to impulse and gift purchases. You cannot gift-wrap a download or stream," said ERA CEO Kim Bayley.