According to the latest data from Kantar Worldpanel for the 12 weeks ending 15 March, HMV, which collapsed into administration in 2013 after being hit by sharp increases in online music sources and growing supermarket competition, recorded a 12 per cent year-on-year increase in physical music sales – valued at £9.8m.British artists such as Sam Smith and Ed Sheeran proved the most popular with shoppers. “HMV has benefited the most from the growth of physical music returning to the number one retailer position, and moved ahead of Amazon in physical music sales for the first time since September 2013,” said Fiona Keenan, strategic insight director at Kantar Worldpanel. HMV has been successful in attracting shoppers in store that want to browse its range of products such as CDs and headphones, before deciding what to buy.
Keenan adds: “Historically this was a real area of strength for HMV. Spend from consumers browsing for music products in HMV has grown by almost 50 per cent compared to this time last year, helping to boost its share of total browsed spend in the market to 43.4 per cent – making it the standout player. Pre-administration, HMV’s share of browsing purchases was regularly over 50 per cent, so this recent resurgence is a positive sign for the retailer’s future as it faces increased competition from the online market.” Read more about HMV:
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