The eroding album continued its slide in February, based on Soundscan figures surfacing Wednesday. As of the end of February, cumulative albums are now 11.7 percent beneath comparable levels in 2008, itself a distressed year. The decline stretches to 28.6 percent when compared to 2007, according to a calculation offered by Coolfer.
The latest data follows a near-20 percent year-over-year decline during the recent fourth quarter, and a broader, 14 percent dip in 2008. Whether 2009 will feature a slower bleed remains unclear, though broader album sales have been falling precipitously this decade. At the close of a troubled 2008, annual album sales had dropped 54.6 percent since peak year 2000.
Incidentally, the January and February sales declines fall on the positive side of initial projections by retail analysts. In a late-January canvass, analysts interviewed by Digital Music News called for mid-teens declines during the early part of the year, followed by more severe dips by April and May. The accelerated, second-quarter decline is expected after a glut of inventories are cleared by exiting retailers like Circuit City, Barnes & Noble, and Borders.

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