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The End Of CDs? Two More Major Chains Will Stop Selling Them

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If you're still in the habit of listening to music on your car's CD player, we have bad news.

The music format is still popular around the world, but not in America. Last year, CD sales nationwide dropped by 18.5%. Compare last year's 89 million CDs sold to the 800 million sold in 2001 (at the height of the CD's popularity).

The golden age of CD stores is long gone.Kims Loans

Those shrinking numbers were enough to scare some of America’s biggest stores away from selling CDs altogether.

The electronics retailer Best Buy has just announced it will stop selling CDs on July 1. The plan is part of a way to cut costs for the chain, which Billboard reports was only making $40 million annually from CD sales.

Best Buy will stop selling CDs this summer.AP

Ironically, the store plans to continue carrying vinyl records for at least the next two years, since the format has become popular (and profitable) again thanks to music fans and collectors.

As if the news wasn't bad enough, Best Buy isn't the only chain taking CDs off their shelves.

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