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HMV now UK’s largest physical music retailer, new figures show

Original article from: http://www.m-magazine.co.uk/news/hmv-now-uks-largest-physical-music-retailer-new-figures-show/

HMV has become the UK’s largest physical music retailer, new figures have revealed.

According to Kantar Worldpanel’s quarterly entertainment barometer, the company overtook Amazon in the 12 weeks ending 25 September to become the number one best seller.

The report showed that HMV attracted 41,000 new shoppers and grew its physical market share by 2.7 percent in the quarter.

Fiona Keenan, strategic insight director at Kantar Worldpanel, said: ‘HMV’s growth has been driven in large part by its success with several big music titles: two thirds of all sales of the critically acclaimed debut album from Christine and the Queens came via the retailer, and HMV also benefited from the ongoing success of Adele’s 25.

‘A full year after its release, Adele’s 25 remains the top-selling artist album in the charts.  It was also HMV’s bestselling album in the past 12 weeks, with the retailer capturing 29 percent of all sales.’

Now 94 was the bestselling album in the latest quarter. Although it was the only music title to make it into the top 30 entertainment products, the category once again performed better than any other entertainment sector.

Artist albums grew by 4.2 percent year on year. The barometer revealed that artist records now represent 78 percent of the physical music market with Adele, ELO and Coldplay the three best sellers.

Visit kantarworldpanel.com for more information.

 

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