End of an era: Best Buy to stop selling CDs

Despite no longer selling CDs, Best Buy will still sell vinyl for the next two years, which Billboard says is part of a commitment it made to vendors.

According to Billboard, Best Buy only generates about $40 million annually from CDs.

Target is also reportedly threatening to drop CDs unless labels agree to consignment-like terms - not paying for the discs until they are sold. Target is now taking the inventory risk by paying for any goods it's shipped within 60 days, but must pay to ship back unsold CDs for credit. Any unsold merchandise is shipped back to the labels, again at the store's expense.

There's large ramifications here, mostly in factoring where consumers where buy their CDs, if they will at all. But that report also found that CD sales fell about 4 percent over the previous year, and added that CDs "may not fade away anytime soon". Using that method, the suppliers would get paid when CDs and DVDs are sold to customers. That specific medium for music has seen a boost lately.

Target used to carry more than 800 CD titles, but seems to have reduced its stock to less than 100 titles. For example, past year Target moved 500,000 copies of Taylor Swift's latest, Reputation. The deadline for music suppliers has been pushed to April or May, but Billboard points out that if major labels don't play ball, it could vastly hasten the decline of traditional CD sales. Streaming services such as Apple Music and Spotify have caused CD sales to plummet in recent years. As downloadable and streaming audio become more popular, it was only a matter of time before stores stopped providing shelf space for the lowly Compact Disc.