Retailers Embrace the Resurgence of Vinyl Records
- John Lewis partners with Rough Trade to sell vinyl records
- Vinyl sales have witnessed a comeback in recent years
- WHSmith also started selling vinyl records again due to customer demand
- HMV’s profits increased due to the resurgence of vinyl
- British bought 6.7 million records last year
- Sales of turntables and record players are up 17% from five years ago
John Lewis has partnered with Rough Trade to sell vinyl records across some of its department stores and online, following a resurgence in demand for the format. The move comes after vinyl sales saw a significant increase in recent years, with WHSmith also reintroducing vinyl records in 80 of its stores. HMV’s profits soared due to the popularity of vinyl and a focus on pop culture. Brits bought 6.7 million records last year, with sales up 9.1%. John Lewis has seen a 17% increase in turntable and record player sales over the past five years. Rough Trade managing director Lawrence Montgomery said there is a ‘growing appreciation for physical music among diverse audiences. The vinyl revival deepens the connection between artists and fans.
Factuality Level: 8
Factuality Justification: The article provides accurate information about John Lewis partnering with Rough Trade to sell vinyl records, the resurgence of vinyl sales, and the increase in demand for record players and turntables. It also includes relevant data from the British Phonographic Industry (BPI) on vinyl sales. The article is focused on the topic and does not contain any irrelevant or misleading information, sensationalism, redundancy, or personal opinions presented as facts.
Noise Level: 3
Noise Justification: The article provides relevant information about John Lewis partnering with Rough Trade to sell vinyl records due to the resurgence of vinyl sales and demand for record players. It also mentions the growth in profits for other retailers like HMV and WHSmith. However, it lacks deep analysis or exploration of the reasons behind this trend and does not offer significant insights beyond reporting on the partnership.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the resurgence of vinyl sales and partnerships between retailers like John Lewis and Rough Trade, which impacts companies in the music and retail industries. It also mentions the increase in sales for HMV’s owner Sunrise Records & Entertainment. Financial topics include profits and sales figures.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article
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