LP Industry Celebrates 10th Record Store Day as Steep Vinyl Growth Continues
Klipsch sent an email blast to customers Tuesday, hoping to bank off the popularity of vinyl ahead of Earth Day on Saturday, also known as “Record Store Day.” Klipsch published a list of must-have LPs and the company’s R-15PM powered…
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monitors with a turntable-friendly custom amplifier and a phono input that allows a turntable to plug directly to the speakers without the need for a stereo receiver. Nielsen, meanwhile, noted the 10th anniversary of Record Store Day, reporting that in the past three years, sales of all physical music formats in indie retailers have surged on the day, jumping 91 percent year over year in 2014, 47 percent in 2015 and 130 percent last year -- with vinyl representing 80 percent of sales. Overall, some 5.4 million vinyl LPs sold last year in indie record stores vs. 737,000 in 2007, while overall vinyl retail sales surged from 990,000 units in 2007 to more than 13 million last year.