Can record shops fight back?
If you want to lose a lot of money, current wisdom suggests that opening a record shop would be a good way to do it. Better still, open the biggest music-only shop in Britain and spend a fortune on fitting it out with a top-of-the-range PA system and bespoke furniture created by one of Britain’s top architects exactly what Rough Trade plans to do when it opens its new, 5,000-square-metre branch, designed by David Adjaye, in east London later this month. The plan may seem perverse. From big chains such as Music Zone, which collapsed in January, to tiny independents such as Covert, in Brighton, which closed its doors last month, record shops are failing across the country. Sales of CDs have dropped by 11% over the past year, as both legal and illegal downloading continue to grow. HMV, Britain’s biggest music retailer, has issued two profits warnings in the past year, and even Tesco, with the second biggest share of the music market, has admitted that it doesn’t make money on the CDs it s
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