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Business News Retail
Rough Trade confirm sales increase
By CMU Editorial | Published on Friday 19 December 2008
And now some happy news from the world of music retail. It had to happen eventually.
Independent record seller Rough Trade has said it enjoyed a 7% increase in year-on-year sales in the quarter running up to 30 Nov, ie the quarter when the impact of the credit crunch started to be seen elsewhere in the retail sector. Rough Trade says that that shows there is still an appetite for physical product and the record shop experience among some music consumers.
Music Week quote Rough Trade Retail Director Stephen Godfroy thus: “There is certainly a re-emerging importance for exciting, face-to-face music retail in response to the lonesome world of finger-clicking retail. Specifically with Rough Trade East, we’ve provided music its very own agora, a meeting place where people of all ages can hang out and share their appreciation of music, whatever their taste”.
