There has been a boost in vinyl sales despite the digital technology dominating the market. Records shops have seen a surge in vinyl sales, enhancing their popularity and giving them a new audience.
In the hay day, there were over 2,000 independent record stores, but this figure has largely been reduced due to online music sales and streaming platforms, such as Spotify.
The music industry had previously saw the vinyl sector becoming obsolete. However, the vinyl record market was worth £25.9 million in 2014, compared to £3.3 million in 2009.
Furthermore, with record events nationwide and popular artist releasing new albums on vinyl, the traditional music scene is staying. Entertainment Retailers Association, the organisers of Record Store Day Show, have stated; “because indie record shops disproportionately support independent labels, indie labels are among the biggest winners from Record Store Day.”
According to statistics published by Record Store Day Show, sales of vinyl have increased by 800 per cent since 2009, and 40 new independent record stores have opened in the UK for the same period.
With the increased hype around the subject, major supermarkets have also started to stock vinyl records in store.. This would have been unheard of when the CD format was at the height of its popularity. Vinyl records may now see a permanent place on our shelves, and especially with CDs declining, this could be happening soon.
Long established music stores like HMV, have seen massive cuts due to savvy customers who are adapting with new technology. So instead of buying an album from a music store, many choose to download music, with a simple click of a button on a device.
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