Latin music retailers hold onto niche – While mainstream record shops must face online and big-box store competition, Spanish-language music stores keep their customers with specialized genres.
Tagged: latin america, Nielsen, Spanish-language, Tierra CaliPosted on: May 2nd, 2007“While mainstream music retailers have seen falling profits – the defunct Tower Records chain was under Chapter 11 bankruptcy last year – having to compete with online music and major discount stores, the smaller, specialized Latin record shops have been holding on, industry experts say.
Its due, in part, to a small fraction of downloaded music being of the Latin American variety. Last year, only 293,000 of the 32.6 million albums digitally downloaded were in that genre, reported music sales tracker Nielsen SoundScan.
“Most of them Hispanic customers don’t have Internet,” said Lester Ramos, owner of Discoteca Y Deportes Tierra Caliente on Anaheim Boulevard.”
Curation from Tomás
Filed Under: 1. Hispanic News, Business, Musica, Top Stories
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