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The number of brick and mortar stores selling music in the United Kingdom has reached an all-time high, despite the falling popularity of physical product.
According to new figures published by the Entertainment Retailers Association (ERA), there were 10,391 outlets selling CDs and vinyl in 2014, up 20% from 8,633 the year before.
ERA CEO Kim Bayley cites an increase in the number of supermarket convenience stores and discount stores like Wilko and Matalan selling a limited range of music and video product as a contributing factor behind the growth.
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Mike McCready is an entrepreneur at the crossroads of music and technology. He pioneered the introduction of Hit Song Science into the music industry and followed up with Music Xray, the company he co-founded and serves as CEO. His companies have been the subject of case studies at Harvard Business School, IESE and he frequently guest speaks at many of the top business schools around the world. He helps the music industry identify high potential songs and talent and helps musicians get deals, get fans, & get better: http://musicxray.com