Music Stores
Industry Description
The US music store industry includes about 4,000 stores with combined annual revenue of about $3 billion. Major companies include Trans World Entertainment Corporation (operator of FYE and other branded stores), Hastings Entertainment, and CD Warehouse. The industry is concentrated: the top 50 companies account for more than 70 percent of industry revenue.
SIC: 5735
NAICS: 451220
NAICS: 451220
Related Industries:
Musical Instrument Manufacturing, Music Production & Distribution, Consumer Electronics & Appliances Stores, Musical Instrument Stores, BookstoresTo get access to the full industry record, register now.
There are 0 companies in this industry. To view all of them, register now.Trends
Fewer Retail Outlets - Intense competition, combined with the declining CD market, has...
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Total US consumer spending, an indicator of music store sales, rose 2.5 percent, primarily from nondurable goods expenditures, in November 2011 compared to the same month in 2010.
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Album Sales Rise - Album sales posted their first increase in seven years in 2011, according to The Wall Street Journal. Sales of albums in the US notched a...
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