Number of UK impartial report retailers hits 10-year excessive

Independent record shop Reckless Records

The variety of impartial report retailers within the UK has hit a 10-year excessive, based on new trade findings.

READ MORE: Record Store Day 2024: Check out the total listing of releases

The digital leisure and retail affiliation (ERA) has mentioned that there at the moment are 461 indie report retailers within the UK, which is 122 greater than 10 years in the past (through BBC).

The ERA’s 2024 Yearbook (revealed as we speak, March 6), which comprises statistics on the music, video and gaming sectors, additionally discovered that the UK music market was price £2.2billion final yr. 84 per cent of this was attributed to streaming subscriptions.

The variety of retailers bodily promoting music, nevertheless – like supermarkets and specialist chains – fell from 10,391 to 2,486 in that interval.

The demand for vinyl records, in the meantime, continued to extend for the sixteenth yr in a row. With 6.5million offered, it took total gross sales above £170million.

People attend the annual Record Store Day events in London — People attend the annual Record Store Day occasions in London on April 13, 2019.Record Store Day is an annual occasion inaugurated in 2008 and held on one Saturday each April, to have a good time the tradition of the independently owned report retailer. The day brings collectively followers, artists, and 1000’s of impartial report shops internationally (CREDIT: Alberto Pezzali/NurPhoto through Getty Images)

2.2million of these records had been reportedly offered via impartial shops. Other findings included that £110million of the general gross sales had been generated by older releases.

CEO Kim Bayley mentioned in a press release: “Despite largely being run by owner-managers, indies have seen off competitors from among the largest and best-funded corporations within the land.

“Indies have discovered their area of interest and they’re right here to remain.

“It reveals that, regardless of the overwhelming success of music streaming, many music followers stay dedicated to the excessive avenue bodily music shopping for expertise.”

The findings come after UK vinyl gross sales reached their highest ranges since 1990 in 2023.

Taylor Swift‘s ‘1989 (Taylor’s Version)’ was the best-selling album of the yr, adopted by The Rolling Stones’ ‘Hackney Diamonds’.

In the US, in the meantime, one in each 15 vinyl records offered in 2023 was by Swift.

This yr’s Record Store Day will happen throughout the UK on Saturday, April 20, giving followers the possibility to purchase particular one-off collectable releases on vinyl, cassette and extra from lots of of artists.

The 1975, David Bowie, Daft Punk, Blur, Lily Allen, Gorillaz, Elton John, Paramore and Noel Gallagher’s High Flying Birds are amongst artists participating. You can try the total listing of releases right here.

This week David Byrne additionally introduced that he’s masking Paramore’s ‘Hard Times’ for Record Store Day 2024.

The submit Number of UK impartial report retailers hits 10-year excessive appeared first on NME.

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March 6, 2024 at 10:05AM