Record Store Day 2017 Celebrates Its 10th Anniversary On Saturday

Record Store Day 2017

This SATURDAY, APRIL 22nd, local music retailers around the country will celebrate the 10th anniversary of RECORD STORE DAY (RSD) with a full list of special releases which can be viewed here.

NIELSEN MUSIC has been tracing the phenomenon -- particularly the spectacular rebirth of the vinyl LP, reflecting a "clear consumer enthusiasm for independent retailers and vinyl."

First launched in 2008, RSD has achieved holiday status among audiophiles and everyday music fans alike; its astonishing success over the last decade has seen industry-wide physical sales enjoy consistent year-over-year growth on the day of RSD’s observance. 

• In the last three years, sales of all physical formats at INDIE RETAIL have surged on RSD with a 91% growth in 2014, 47% in 2015, and 130% in 2016.

• Vinyl LP sales at INDIE RETAILERS have seen an average increase of 186% on RSD, since its inaugural year in 2008. Last year, Vinyl LP sales spiked 321% at INDIE RETAILERS on RSD.

• Vinyl LP sales have accounted for nearly 80% of the total sales at INDIE RETAIL on RSD, going back to 2008.

• Total annual sales for vinyl LPs at indie retail have grown considerably in the last 10 years, jumping from just 737,000 units in 2007 to 5,432,000 in 2016. That’s a 637% increase in vinyl LP sales since 2007. Meanwhile, annual indie retailer sales of all physical formats have experienced an overall decline of 48% during the same time period.

The resurgent popularity of vinyl LPs over the last 10 years has not gone unnoticed by chain retailers. Seeking to snag a piece of the vinyl pie, total industry sales have skyrocketed from just 990,000 units in 2007 to more than 13 million in 2016 … a 1,225% increase in vinyl LP sales over the last decade.

• While the share of RSD vinyl LP sales remains high for indie retailers (74% in 2016), they’ve seen their share of annual vinyl LP sales decline from a dominant 74.4% in 2007 to 41.4% in 2016. 

• Meanwhile, vinyl LP’s total industry share of all physical sales has increased from a mere 0.2% in 2007 to a healthy 11.1% in 2016.

Clearly, other retailers have responded to the vinyl trend and are increasing their efforts to supply consumer demand on a day-to-day basis.

It’s for this reason that many indie retailers have made RECORD STORE DAY a true celebration and are enticing customers with an array of treats such as breakfast, beer, candy, face painting, raffles and of course, live performances.

« see more Net News