Wal-Mart Taking Away More Shelf Space from CD’s
Posted by jhochstat on November 4, 2008
In another sign that the CD market is shrinking even more, Wal-Mart made the following moves yesterday:
Wal-Mart Stores is rapidly downsizing shelf space for music CDs while increasing availability of Blu-ray and consumer electronics in select locations, according to a new report.
The Bentonville, Ark.-based retail behemoth, citing a 23% drop in CD sales during the first four weeks of the fourth quarter, continues to scale back inventories of music packaged media; supplanting it with electronics and movies.