Recording industry

Recent years have seen a decline in the number of music retail stores

The number of retail music stores has declined in the past decade. In the early 2000’s the number of stores contributing data to the ARIA charts included around 1,100 stores. Today there are closer to 600 specialty music stores.

Over that time there has been a significant reduction in the number of chain locations, whilst some smaller specialist retailers have sustained their businesses servicing a small but committed customer base away from high traffic shopping centres.

According to the Australian Music Retailers Association (AMRA), some of the key factors affecting the retail business include:

  • Declining average unit prices
  • Rise of digital downloads
  • Unauthorised file sharing
  • International online retailers (eg Amazon)
  • Increased cost of rental spaces.

 

In addition to specialty music stores, music products are also sold though supermarkets, at petrol stations, markets and performances.