Despite the inability to perform

HMV retail payment music street, independent record stores see increased sales

The days of jumping into a record store on a Saturday to get the last hit single, have disappeared. Only 567 000 (3%) of 189m singles sold last year were physical CDs downloads - mostly from Apple's iTunes Store over - 183m (97%)

Music

buyers, however, still have "copies" of Discs: CD album sales are much healthier physical. Nearly 70 million CD albums were sold last year, compared with 30m downloaded. However, nearly two out of three were purchased online or in supermarkets rather than the traditional street music stores.

Arm

Craig, an analyst at Kantar Worldpanel, said that if HMV goes expects that four supermarkets - Tesco, Sainsbury, Asda and Morrisons - to collect 32% to ? 932m in annual sales HMV. Amazon is estimated, will be charged 29% - which means represent more than a quarter of all CDs and DVDs sold in the United Kingdom

But for once, small independent retailers could be among the winners. Despite the impossibility of HMV street music retail payment, many independent record stores are already reporting increased demand and sales, due in part to a reaction against the Amazon tax reform and difficulty to meet unexpected gems line.

Stephen Godfroy, co-owner of Rough Trade, a chain of three stores in London, including a 500 m? (5,000 m?) of warehouse Brick Lane, east London, has said the company is "the best ever" In 36 years of company history. has reported gross trade sales last quarter increased 8% compared to the previous year and the company is launching a new online store and an outpost in Brooklyn, New York.

"music in the UK is very healthy, despite the evils of the old entertainment retailer last," he said. "The collapse of HMV sad, but ultimately a necessary process of renewal that will result in a much brighter future for music consumers in the United Kingdom."

independent labels Kat
"Both companies and music video are painfully aware of the consequences of the loss of one retailer responsible for about a quarter of the UK music and video sales volumes. Hopefully not not remain on the sidelines and see HMV down, "he said.

"There is clearly a viable business model for a distributor of entertainment in the street in the UK high. Administrators must now do its job and take the necessary steps to make this possible."
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