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Record Stores in the US
IBISWorld, Jan 2012, Pages: 30
Facing the music: Brick-and-mortar stores get burned from online music sales
Record Stores in the US
Broken record
Though the economy is set to improve over the next five years, the outlook for the Record Stores industry is not looking up. Competition from big-box stores and internet music sales and streaming will continue to dominate the market for music, with consumers placing an emphasis on convenience and price. The overall increase in disposable income and consumer sentiment will help slow the industry's decline, and some record stores will establish online storefronts to supplement their revenue, but these factors will not stop the industry's downward slide.
Record stores retail pre-recorded music media such as CDs, DVDs and cassette tapes. Online sales are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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