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Primark moves into CD business
Discount high street clothing store Primark is set to expand into music by experimenting with selling CDs in some of its 242 stores.
Primark has reached a distribution deal with Universal, which recently had its purchase of EMI approved by the European Union, to sell music by artists signed to the label. The clothing chain, which is set to see sales growth of 17 per cent and 19 new stores this year, will be able to sell CDs by artists including Katy Perry and Rihanna.
Primark’s move will be a boost to record labels, which have seen CD sales hit by the rise in illegal downloading as well as high street struggles at music stores such as HMV.