The sinking CD is often contrasted against healthier music industry segments like touring, publishing, merchandising, and advertising. But sales of music instruments are also quite healthy, and a reflection of an ever-increasing demand in music.
Against that trend, big boxer Best Buy is now stocking up on musical instruments, according to details revealed Monday. Best Buy will house the instruments within specialized, in-store musical centers. Manufacturers like Fender, Gibson, and Roland will be represented, alongside thousands of other products.
In total, Best Buy is planning to open as many as 85 centers by year-end. "We're not just extending the shelf space in the store, we're creating a designated area specifically for this experience," said Kevin Balon, vice president of Musical Instruments for Best Buy.
My sources at the record labels have railed against Best Buy for years, not happy with the loss leader status music sales assumed within the big boxes inventory. Will Best Buy make a run at Guitar Center, Manny's, and Sweetwater?
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