When your archaic business is only alive because a company wants to squeeze the last dying breath out of CDs, DVDs and Blu-ray discs, the future isn't bright..
Last year, our ratings folks just loved that FYE's parent company
Trans World Entertainment
closed stores and cut net losses. But sales are still down, as a wave of nostalgia hasn't quite swept up discs just yet.
It's a fundamentally different world than the one that existed when Trans World bought up music chains including Camelot, Coconuts, Media Play, Sam Goody, Strawberries and Wherehouse Music and subsequently ground them into dust. Generation Y's penchant for stealing music online altered the marketplace, made it almost exclusively online and digital and pretty much ensured no one would pay $15 for a CD again. Meanwhile, on-demand and streaming services shut down Blockbuster and Suncoast outlets and changed the digitally downloaded movie from a combo pack's cheap throw in to the main even on Amazon and Apple iTunes sites.
FYE is no closer to fueling a '90s disc revival than it was last year, but go ahead and give the kids a gift certificate to spend a day at the retail museum.
-- Written by Jason Notte in Portland, Ore.
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