HMV appears to be experiencing something of a revival, with the retailer recently named as the top seller of physical music in the UK.
The latest figures are based on 12 weeks of sales to 23 September, and see it take the top spot from online giant Amazon, Music Week reported. It edged ahead of Amazon taking a 28 per cent share of the market for physical music sales, compared to Amazon’s 21 per cent.
Sales of CDs and vinyl are what’s measured under this metric, with the news provider noting that some of the biggest selling items in this category were Now That’s What I Call Music 100 and the Mamma Mia! Here We Go Again cast recording.
John Hirst, HMV’s head of music, told the news provider that although they still have bricks and mortar stores, it’s the online space that’s been the big winner for the chain.
“Our website is actually the big success story of this year,” he said. “It’s quite a difficult area to make money in when you’re competing with somebody like Amazon, but we’ve found a way to make it work and it’s been a huge growth area for us,” he added.
Mr Hirst also revealed that vinyl has been a big part of HMV’s booming sales, with 50 per cent of the company’s online sales coming from vinyl.
Earlier this month, Official Charts revealed which vinyl albums have been the best sellers in the UK this year, and it’s little surprise that the Arctic Monkeys’ Tranquility Base Hotel + Casino is at the top of the list.
It also took the title of the fastest selling vinyl album in the past 25 years, shifting 24,500 copies in its first week on sale.
If you’re a vinyl fan, maybe it’s time for a turntable upgrade to ensure you’re getting the best out of your records.