Best Buy to phase out CDs and abandon them entirely on July 1st

Did you ever think you'd see a day where you could buy vinyl records but not CDs?[br /][br /]According to Billboard, that's what you'll find at Best Buy starting this July. The retailer reportedly plans to pull all CDs out of its stores by then.[br /] [br /]The once commonplace digital music format is getting hammered in the U.S.[br /][br /]CD sales were down 18.5 percent last year and some experts pin Best Buy CD receipts to just $40 million annually. But there's an interesting twist. The store is committed to carrying records for the next two years.[br /][br /]The vinyl format has been enjoying a resurgence lately.[br /][br /]You're also likely to see fewer CDs at Target stores in the coming months.[br /][br /]Executives there are reportedly insisting they will only pay music companies for the discs after they sell them instead of paying upfront for inventory.[br /][br /][/url][/b][media ID="2168805" /]