We went to Best Buy after it reportedly decided to pull CDs from stores - and it's never been more clear why Amazon is winning
AP Photo/Paul Sakuma
- According to a Billboard report, Best Buy recently told music suppliers that it plans to pull CDs from its stores by July 1.
- Even though CD sales are dropping and physical format music is being pushed out by streaming services, many were upset with Best Buy's reported decision to pull CDs from stores.
- I went to a Best Buy store myself to see why it may have made this decision, and what Best Buy is doing to keep up with the rise of online retailers like Amazon.
Digital music streaming sites have been growing rapidly, all the while making CDs less and less relevant.
Billboard recently reported that Best Buy plans to pull CDs from all of its stores by July 1. Even though CD sales have been dropping rapidly for years, people were shocked and upset with Best Buy's decision to move forward and pull them from its shelves. Best Buy declined to comment on the Billboard report.
One reason for the ongoing decrease in sales is the rise in music streaming and digital media. With products like CDs becoming obsolete and other products being sold for lower prices online, Best Buy is fighting to stay relevant in an increasingly digital marketplace.
Removing CDs isn't the only thing Best Buy has done in recent years to keep its product offerings fresh and relevant.
I went to a Best Buy store in New York City to see what's happening, and I noticed why Best Buy is having to make major changes to keep up with Amazon:
The Future of Retail 2018 by the BI Intelligence Research Team.
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