Fallen in the age of iTunes, Tidal, Spotify and Apple Music
The web has already disrupted plenty of industries – now the time has come for many brick and mortar music stores. They are facing increasing competition from digital outlets like iTunes and online streaming services like Spotify.
The evolution in the music and technology industries has forced stores like Stereo Studio, T.P Music, Axcel Music and GUF to close or heavily reduce the numbers of stores. But Denmark isn’t the only place where this trend is accelerating – even on of the most prominent high street retailer in the UK – HMV – has suffered from the trend.
This decline is directly attributable to a confluence of market factors that substantially altered the manner in which the consumers purchase and listen to music, as well as the way consumers purchase and watch movies and television series at home.
Brick-and-mortar music retailers are dying. Fast!
A piece of history is going away
A small piece of history is going away. What will be next? Video rental and bookstores are other prominent examples hat has been hit by the digital disruption.
Can anything stop the internet from huffing and puffing and blowing brick and mortar down?
Short URL & Title:
Brick and mortar music stores hit by streaming services — https://www.torbenrick.eu/t/r/aok
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About The Author
Experienced senior executive, both at a strategic and operational level, with strong track record in developing, driving and managing business improvement, development and change management. International experience from management positions in Denmark, Germany, Switzerland and United Kingdom