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HMV to stock more vinyl

HMV has said it plans on stocking more vinyl in its shops.
Still popular than ever
The enduring popularity of vinyl might just save HMV from bankruptcy.

HMV, which has been under financial difficulties since the digital revolution saw consumers switch from CDs to MP3s, told NME that it is looking to increase its stock of records.

The music chain explained that this is, in part, a response to consumer demand – more people than ever before are interested in purchasing and listening to music on a record player.

"A lot of customers have been asking us to increase the amount of racking we dedicate to music in store and we're pleased to say we'll be doing a lot more of that soon - in fact we're also planning to significantly increase our range of vinyl in quite a few locations as well," a spokesman for the company told the music magazine.

Although HMV diversified its range of offerings – which it is looking to further develop in the coming years – it insisted that the "physical music product" still had a place.

"Unlike singles, around 75 per cent of albums are still sold in CD format, and a sizeable chunk of these are bought by customers who like to purchase them in store," the spokesman said.

The music chain recently admitted that it had underestimated the impact the internet would have on its business.

Posted by SRADNFCR-2133-ID-801266174-ADNFCR Posted on 17 Jan 2012 18:24 to category : Music News

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