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UK Music Retail Industry

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According to the research findings, it can, therefore, be said that some of the physical music retailers in UK have a popular image in the society meaning that they attract a wide range of customers. The population aged between 19 and 40 is heavily involved with and have varied tastes of music. It is important to note that while the younger generation is more comfortable with using high tech equipment such as computers, iPods, Shuffle flash disks and the likes, the older generation is more conservative and therefore prefer to us CDs, cassettes and vinyl players.   What this means is that the older generation would prefer to buy music products and devices from physical music stores.

Specialist retailers attract more music buyers who are below the age of 30. Supermarkets attract music buyers aged 30 years and above. The demographic group 25 – 44 years is more at ease buying music while shopping for other items and thus, the supermarkets are attracting more music buyers than the previous years. However, back catalogue sales are not the strongest points for the supermarkets and chain stores.

Currently, the younger generation has adopted a culture of loving to get entertained while on the move.   The young stars thus prefer to have powerful, high tech, portable devices with them as they walk, travel, work or engage in leisure activities.   Technology is changing the structure of the music retail industry in the United Kingdom. The Internet has been a major force to reckon with in so far as the UK music industry is concerned. In fact, there is an ongoing debate that the internet will substantially eliminate physical retail stores and the prospects of digital delivery will completely eliminate the need for retailers.

The technology is likely to change the mode of retailing and distribution as noted by the The Internet is one of the tools that have made sharing of information easy. Potential customers can research on the kind of music that they prefer with great ease. This has made it easy for customers visiting physical music stores to identify the products that they need easily.

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preview essay on UK Music Retail Industry
  • Pages: 8 (2000 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Undergraduate
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