The Gen

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Category - Retail

Displaying results 1 - 10 of 70
  • 25th Feb 2014

    BRITS: Hitting Home?

    The annual music industry awards ceremony that everyone loves to hate returned to London last week- but that’s enough said about the BBC Folk Awards -This article, in no way sponsored by Barclaycard and or subject to its #PricelessSurprises enforced tweets, will instead focus on the BRITS- the winners, the live streaming, the California dreaming and Bowie’s
  • The BPI has published new figures revealing that the annual revenue from recorded music in the UK actually grew in 2013 for the first time in four years, despite overall album and single sales dropping. Presumably released to coincide with a slightly easier to stomach than usual BRIT Awards, the figures show that cash generated by physical and download purchases alongside streaming jumped 1.9% from £716m in 2012 to £730.4m last year.
  • Public Enemy main man Chuck D has been named as the official ambassador for Record Store Day, which will take place on April 19th this year. Surely a safer pair of hands than fellow Public Enemy Flavour Flav, Chuck D has scored three multi-platinum albums and over 80 tours across a thirty-year career.
  • Rock music may be bouncing back at least in terms of album sales, proving to be the most popular genre of 2013. What absolutely no-one dare refer to as the new Rock Revolution (this isn’t 2003) was spearheaded by Arctic Monkeys, Jake Bugg and Rod Stewart- an unlikely trio to be at the coalface of rock, admittedly. The Gen understands that a modern definition of rock also encompasses Mumford and Sons.
  • Another year, another tragic tale of troubled HMV. Hilco, who have owned the retail chain since last year have announced that they will shut down a further eight stores across the UK this month- including two in Edinburgh, Stratford-upon-Avon, Leamington, Newport and its former flagship tech store in Islington, North London.
  • Figures released by Umbrella Trade organisation UK Music reveal that the music industry was worth £3.5bn to the British economy last year. The Gen crunches the numbers, digs the dirt and dishes the bottom line.. The impressive number includes all sectors including recorded music, live, publishing and audio professionals and is collectively referred to as ‘Gross Value Added (GVA)’- A term that disproves the doubters who dismiss such economic reports as dry.
  • The Entertainment Retailers Association (ERA) has spoken out against leading cd distributor Arvato following significant stock delays that could seriously affect the income of music retailers this Christmas. Despite the survival of most music retailers more or less revolving around this period, the distributor seems to have underestimated Christmas demand for physical product and last week issued an apology to affected stores across the UK.
  • Independent labels are now accountable for over 25% of UK album sales. Music Week reports that although overall album sales have dropped 30% since 2005, Indies such as Beggars Group labels and Domino have hit a market share high of 26.4%. So, what is the reason for this?
  • The New York branch of the Rough Trade record shop opened this week and will not only offer an absurd amount of tasteful vinyl but also coffee, art and a dedicated performance space for 300 capacity in-store gigs. It all sounds very much in the mould of Rough Trade East which opened in London in 2007 and has proven to be a successful model, bucking the global independent record store trend year on year with increased sales. The New York store is a 5,000-square-foot converted warehouse, some three times the size of Rough Trade East.
  • Terrific Independent retailer and perpetual hipster retreat Rough Trade has announced its Top 100 albums of the year, with John Grant’s ‘Pale Green Ghosts’ coming first, followed by Savages debut ‘Silence Yourself’ and Matthew E White LP ‘Bigger Inner’.
Displaying results 1 - 10 of 70