The number of physical stores selling music, video and games has reached an all-time high of more than 14,800, according to latest figures published today in the annual Entertainment Retailers Association (ERA) Yearbook.
In music and video the official stores total has more than doubled since 2009. The increase comes despite surging growth in internet sales (Amazon, iTunes) and consumption (games apps, Spotify, Netflix) of entertainment.
The internet accounted for 71.8% of entertainment’s revenues in 2015 compared with 28.2% for bricks and mortar stores. Nevertheless, the number of entertainment outlets has continued to rise with DVD and Blu-ray available in 14,852 stores in 2015 and CD and/or vinyl available in 14,727, according to ERA.
“These are astonishing numbers,” comments ERA CEO Kim Bayley. “Conventional wisdom has always suggested that the internet spelled the end for physical entertainment stores, but these numbers show that traditional retail still has a place, particularly for impulse purchases and gifts. After all, you can’t gift-wrap a download or a stream.”