[78-L] Record stores RIP

[Julian Vein]

Michael Biel wrote:

> Retail have been aiming at the wrong customers and physically 
> frightening off the customers that still want to buy physical items in a 
> physical store.  This week's issue of Rolling Stone (itself a tiny shell 
> of its former self) has an article discussing the closing of record 
> stores and discussing the impending death of the CD.  They cite Nielson 
> SoundScan figures that CD sales have dropped 48.9% since 2000.  2,680 
> stores have closed since 2005.  They mention that the Virgin MegaStores 
> on Broadway and in San Francisco are closing.  
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In the UK Virgin MegaStores, who took over Tower Records, have been 
taken over by Zavvi who are closing down.

      Julian Vein