From Katy Perry to David Bowie to The Beatles, Record Store Day 2012 was full of new and old offerings for music fans. All of that vinyl represents a bright spot for the roughly 2,000 indie music retailers facing stiff competition from online music sales and streaming music services. With the recent resurgence of vinyl and steady sales on CDs, many stores are able to stay in business and reap the rewards of Record Store Day and every day.
Now in its fifth year, Record Store day has evolved into an annual event that gave an eight percent sales bump to stores last year and is now being celebrated around the world in countries including Brazil, Australia, Romania and Germany. We have heard anecdotally that stores experienced record (no pun intended!) sales this year.
For a time, it was unclear whether independent record stores would survive mega stores like Tower Records, the move to online sales and now the growing popularity of online services. Indeed, hundreds of mom-and-pop stores did shut their doors.
But about 2,000 stores remain in business today, and the number has been relatively stable over the past few years. We know they will continue to thrive and hope that more store like them open up in places that are not currently served by a record shop.