This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Our Early Record Store Day Shopping List

PORTLAND, Ore. (TheStreet) -- Record Store Day is the best day on the calendar for music on vinyl, but one of the worst days for actually buying any of it.

On just about any other day on the calendar, an independent record store is a playground of new releases and vintage gems overseen by some of the most knowledgeable music scholars in the retail industry. On April 19, the seventh-annual Record Store Day will send collectors and novices streaming into the more than 700 participating shops in the U.S. and 1,600 around the world looking for exclusive Record Store Day releases and limited-run items. There will be in-store appearances, live performance and long lines.

All of this is wonderful for both the stores and for vinyl music sales in general. Nielsen Soundscan notes that album sales were down 8.4% in 2013 -- with physical music sales in stores and elsewhere down 13% -- but vinyl sales jumped 33% to 6.1 million last year. Going back to 1993, vinyl sales have increased 250% in the last 20 years as overall music sales slid 50%.

Those 6.1 million albums are an incredibly small fraction of the 289.4 million albums sold in the U.S. last year, but they're a big spot for record stores at a time when music fans don't necessarily have to own the music they're listening to. Streaming services like Pandora (P - Get Report), Rdio, Beats Music and Spotify, saw streams jump 32% to 118 billion in 2013, while record stores have seen their revenue tumble by 76% since 2000 to $2 billion, according to market research firm IBISWorld. That group estimates that record stores will lose another 40% of sales by 2016.

Music ownership is becoming a niche market, and vinyl buyers will pay a premium of $17 and up to own their favorite albums in that format. That's going to play a big role in keeping record stores alive and fulfilling the mission that Chris Brown, vice president of New Hampshire- and Maine-based music and movie chain Bull Moose, established when he dreamed up the first Record Store Day in 2007. It's also why there are hundreds of releases slated for next week's big day.

While we'd never advise against shopping for vinyl on Record Store Day -- and know full well that we'll be in some of those same lines we complained about earlier -- we do think that there's no way you should head to your local record shop without a plan. We looked through this year's extensive list of releases and came up with a wish list of our own for the day. Tastes vary, but consider this a template:

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.43 0.00%
P $16.21 0.00%
NLSN $44.57 0.00%
FB $82.22 0.00%
GOOG $548.00 0.00%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs