For the past few years we’ve been writing about the unlikely but steady growth of vinyl records sales, even as other physical forms of music, such as CDs — and even digital mp3s — have been recording double digit drops in annual sales. Vinyl’s 10 year reemergence now makes it responsible for over 5% of sales. It is also the most profitable per unit media for artists and record companies.
Vinyl’s growth has been validated by new vinyl-focused stores like Jack Black’s Third Man Records in Detroit and Nashville, and now the newest entry — with a classic soul connection — is Stax of Wax, which has opened in Malibu, California by Stax Records’ parent company, Concord.
The Stax of Wax store will carry new releases as well as a curated collection of classic soul music.
