BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
CDs are sinking fast, on both sides of the Atlantic, and that is spurring serious diversification initiatives. Pure-plays like Tower Records - and Music Zone in the UK - never achieved a diversified existence, though some success stories are emerging.
In fact, thinning competition is driving more traffic to surviving retailers - especially during the holidays. On Thursday, HMV Group pointed to its best Christmas results since 2002, the year the company went public. Broader music sales are dropping precipitously in the United Kingdom, though HMV found salvation in other forms of entertainment. Specifically, gaming sales jumped 45 percent during the five weeks ending January 5th, according to chief executive Simon Fox. Other forms of media, including DVDs, also helped to compensate.
HMV expects to push pre-tax quarterly profits towards £53 million ($114 million), according to a company estimate. Comparable store revenues increased 9.4 percent on stores open at least one year.
The Scotsman, "Resurgent HMV defies high street gloom"
Financial Times, "Games drive record HMV growth"
Bloomberg, "HMV Sales Accelerate Over Christmas on Video Games"
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