Music's Hot New Growth Area: Vinyl!

While sales of CDs and downloads keep declining, the growth of vinyl shows no signs of slowing. The seventh annual Record Store Day - held April 19 and organized by the Department of Record Stores, the Coalition of Independent Music Stores and the Alliance of Independent Media Stores - wasn't just the biggest in the event's history, it produced a week-over-week 11.2 percent gain in album sales from 2013 for independent record stores. Vinyl accounts for 3.2 percent, or 2.5 million units, of the 76.2 million units in overall album sales so far in 2014.

19.4% - The share of total national volume of all physical album sales for indie stores during the week of Record Store Day - likely the sector's highest share since Nielsen SoundScan started tracking sales in 1991.

58% - Year-over-year growth of vinyl album sales for the week including Record Store Day.

280% - Growth of vinyl LP sales at indie stores from the week prior to Record Store Day.

 

Billboard's Top Vinyl Albums for the Week Ending April 20

01. Childish Gambino, "Because the Internet" (Glassnote)

02. The Afghan Whigs, "Do to the Beast" (Sub Pop)

03. The Notorious B.I.G., "Life After Death" (Bad Boy/Rhino)

04. Bruce Springsteen, "American Beauty" (EP) (Columbia)

05. The Jimi Hendrix Experience, "Live at Monterey" (Experience Hendrix/Legacy)

06. Grateful Dead, "Live at Hampton Coliseum" (Grateful Dead/Rhino)

07. Tame Impala, "Live Versions" (Modular/Interscope/IGA)

08. Joy Division, "An Ideal for Living" (EP) (Warner U.K./Rhino)

09. The Flaming Lips, "7 Skies H3" (Lovely Sorts of Death/Warner Bros.)

10. The Ramones, "Meltdown With the Ramones" EP (Sire/Rhino)


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