• Home
  • About
    • For What it’s Worth
    • Michael Rushton
    • Contact
  • AJBlogs
  • ArtsJournal

For What It's Worth

Michael Rushton on pricing the arts

At the record store

April 15, 2014 by Michael Rushton Leave a Comment

I just called to say I love youI used to love going to record stores when I was a teenager. I couldn’t buy much – a back-of-the-envelope calculation tells me it would have taken me 3 or 4 hours of work at my Saturday job at the Oasis Car Wash (it’s still there!) to afford one LP – but it was enjoyable to browse, and make the occasional carefully selected purchase. When my friend Mike and I would make the drive from Vancouver to Seattle we would always make a point of going to the neighborhood around UW where there was a handful of used-record shops.

So I am not completely unsympathetic to those who hope for a revival of the record stores of old, with stacks of vinyl. But this story from the Chicago Sun-Times, ‘Retailers bring back the scene with Record Store Day‘ strikes me as iffy. Buried in the story of indie record stores making a comeback, expanding floor space, hiring staff, is this:

Independent record stores, while growing, still represent the underdog regarding the ways consumers purchase music today. While digital sales accounted for more than 60 percent of recorded music revenues in the U.S. in 2013, according to the London-based International Federation of the Phonographic Industry data, physical sales accounted for 30 percent, or $1.35 billion.

Where those physical sales take place: Largely at mass merchants like Walmart (14.1 million units sold in the first quarter of 2014, according to Nielsen SoundScan); chains (7.5 million units); non-traditional CD merchants like Starbucks (8 million); and independent record stores (4.1 million units). All outlets posted recent declines in sales, but if there is a silver lining for local indie shops, it’s that their declines (16.6 percent) are much less than chains and mass merchants (24 percent each).

Sales at indie stores declined 16.6 percent. The time frame isn’t clear in the story, but still: a decline in sales by 16.6 percent. In other words, the anecdotes about successful stores are not illustrative of the larger truth about industry trends. More and more we shop online, not just for downloads but also for disks.

This is not a bad thing! Online shopping for records and books gives buyers a huge selection at good prices. It’s good for music listeners and book readers. Reporters covering record stores and book stores tend to focus all their attention on the entrepreneur trying to make a go of running a store while neglecting the much larger story of the vast degree to which music and literature has become more accessible for customers. Why has what we listen to, what we read, taken a back seat to laments for the decline of brick-and-mortar shopping? There has never been a better time to obtain music recordings and books.

 

Share:

  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to print (Opens in new window) Print

Related

Filed Under: issues

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Michael Rushton

Michael Rushton taught in the Arts Administration programs at Indiana University, and lives in Bloomington. An economist by training, he has published widely on such topics as public funding of the … MORE

About For What It’s Worth

What’s the price? Everything has one; admission, subscriptions, memberships, special exhibitions, box seats, refreshments, souvenirs, and on and on – a full menu. What the price is matters. Generally, nonprofit arts organizations in the US receive about half of their revenue as “earned income,” and … [Read More...]

Archives

Recent Comments

  • Carlo on What to do with the NEA? Make it Conservative?: “The Kennedy Center is offering $25 tickets in only select orchestra seating for the performances of Washington National Opera: Porgy…” May 20, 14:17
  • Carlo on Art in Turbulent Times: “The Kennedy Center today is selling discounted tickets for the Washington Opera for $20.” May 1, 21:31
  • Montague Gammon III on Art in Turbulent Times: “We would like to think that a Trumped Kennedy Center would experience a significant downturn in attendance, but we should…” Apr 22, 05:51
  • Ed Comet on What do to with the NEA? Pull the plug?: “The author has gone to the Grand Canyon with a magnifying glass, and found the rocks uninteresting.. The NEA does…” Apr 12, 16:42
  • Brtian Newhouse on What do to with the NEA? Pull the plug?: “I think that for arts patronage to work, there has to be some consensus that the activities of making and…” Apr 12, 14:28
Return to top of page

an ArtsJournal blog

This blog published under a Creative Commons license

Copyright © 2025 · Magazine Pro Theme on Genesis Framework · WordPress · Log in