Recording Industry Association of America

Best Buy relegating CDs to bargain bins as sales dwindle

Best Buy relegating CDs to bargain bins as sales dwindle

The beleaguered compact disc, made increasingly obsolete in the age of streaming, now has found itself in the bargain bin.

Richfield, Minn.-based Best Buy, once one of the bigger music retailers with several aisles of CDs, now has a time capsule to another era jumbled up inside the $5.99 bargain bin. Lynyrd Skynyrd, the Who, Cat Stevens, Billy Ocean, Lionel Richie — all a nod to the aging demographics of those who still buy them.

“Does anybody remember the last time they bought a CD?” Best Buy CEO Hubert Joly asked rhetorically earlier this year in confirming the retailer is “de-emphasizing” the category.

The truth is that CDs have been in a freefall for more than a...

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