[Ranking] TOP 25 Music & Video Stores / Retail Companies Q3/2023
Intro
The Music & Video Stores industry plays a critical role in the worldwide economy as a subset of the larger Retail industry. With a wide range of products and services, this industry caters to the entertainment needs of consumers around the globe.
The profound influence of the Music & Video Stores industry extends beyond its immediate market. The industry's ripple effects can be felt across diverse sectors such as technology, media, and even fashion. As consumers' preferences for music and video consumption evolve, so do the strategies and innovations of companies within this industry.
Indicative of its economic magnitude, the Music & Video Stores industry has experienced steady growth in recent years. The rise of digital platforms, streaming services, and online retailers has contributed to the industry's upward trajectory. Despite challenges such as piracy and declining physical sales, the industry continues to adapt and find new revenue streams.
Recent trends in the Music & Video Stores industry have been shaped by the increasing dominance of streaming services and the decline of physical media. Companies have had to navigate the shift towards digital platforms and explore new business models to stay competitive. Additionally, the COVID-19 pandemic has accelerated the digital transformation of the industry, with companies focusing on online sales and virtual experiences.
The landscape of the Music & Video Stores industry is ever-changing, driven by technological advancements and changing consumer behaviors. The rise of streaming services, the decline of brick-and-mortar stores, and the integration of social media have transformed the way consumers access and consume music and video content. In this dynamic environment, exploring the top companies within the industry provides valuable insights into the strategies and innovations that drive success.
Ranking
#25 Family Video Movie Club Inc
Employees: 1.5K
Revenue: 50M$
Website: https://www.familyvideo.com/
Description: Family Video Movie Club Inc is a prominent player in the Music & Video Stores industry. With its headquarters located in Glenview, United States, the company has been in operation since 1978. Family Video Movie Club Inc employs approximately 1.5 thousand employees and generates an estimated revenue of 50 million dollars. The company operates a chain of retail stores that specialize in renting and selling movies and video games. With a wide selection of titles, including new releases and classics, the stores provide customers with a convenient and enjoyable movie-watching experience. Family Video Movie Club Inc has established itself as a go-to destination for individuals and families seeking entertainment through movies and video games.
#24 Hastings Entertainment Inc
Employees: 1.5K
Revenue: 150M$
Website: https://www.gohastings.com
Description: Hastings Entertainment Inc, based in Amarillo, United States, is a prominent player in the Music & Video Stores industry. Since its establishment in 1968, the company has been dedicated to providing a wide range of entertainment products to its customers. With a workforce of approximately 1,500 employees, Hastings Entertainment Inc operates a chain of retail stores that offer music, movies, video games, books, and other entertainment-related items. The company's revenue is estimated to be around 150 million dollars. By offering an extensive selection of products and maintaining a strong online presence through their website, Hastings Entertainment Inc has established itself as a leading destination for entertainment enthusiasts.
#23 Trans World Entertainment Corporation
Employees: 1.5K
Revenue: 200M$
Website: https://www.twec.com
Description: Trans World Entertainment Corporation is a leading player in the Music & Video Stores industry. Headquartered in Albany, United States, the company was founded in 1972. With approximately 1.5 thousand employees, Trans World Entertainment operates a chain of retail stores that specialize in selling music, movies, DVDs, and video games. The company offers a wide selection of CDs, vinyl records, Blu-ray discs, and other entertainment products. Trans World Entertainment has established a strong presence in the market, catering to music and movie enthusiasts. With an annual revenue of approximately 200 million dollars, the company continues to provide customers with a diverse range of entertainment options.
#22 FYE (For Your Entertainment)
Employees: 1.2K
Revenue: 250M$
Website: https://www.fye.com
Description: FYE (For Your Entertainment) is a prominent player in the Music & Video Stores industry. Headquartered in Albany, United States, FYE operates a chain of retail stores that specialize in selling music, movies, and entertainment-related merchandise. With a history dating back to 1993, FYE has established itself as a go-to destination for music and movie enthusiasts. The company offers a wide selection of CDs, vinyl records, DVDs, Blu-rays, video games, and pop culture merchandise, catering to the diverse tastes and preferences of its customers. With approximately 1.2 thousand employees, FYE generates an estimated revenue of 250 million dollars annually. FYE continues to adapt to the evolving retail landscape, providing a unique in-store experience and an online platform for customers to discover and purchase their favorite entertainment products.
#21 RadioShack Corporation
Employees: 2K
Revenue: 400M$
Website: https://www.radioshack.com
Description: RadioShack Corporation, headquartered in Fort Worth, United States, is a prominent player in the Music & Video Stores industry. Founded in 1921, the company operates a chain of retail stores specializing in consumer electronics, including audio and video equipment. With approximately 2,000 employees, RadioShack offers a wide range of products such as headphones, speakers, televisions, and portable media players. The company generates an estimated annual revenue of around 400 million dollars. Known for its knowledgeable staff and diverse product selection, RadioShack continues to serve customers seeking quality electronics and entertainment solutions.
#20 Sam Goody
Employees: 1.5K
Revenue: 450M$
Website: https://www.samgoody.com
Description: Sam Goody is a well-established music and video store chain headquartered in New York City, United States. Founded in 1951, the company has been a leading player in the retail industry, specializing in the sale of music and video products. With approximately 1,500 employees, Sam Goody offers a wide range of CDs, DVDs, Blu-rays, vinyl records, and other entertainment media. The company has a strong online presence through its official website, where customers can conveniently browse and purchase their favorite music and videos. Sam Goody has consistently generated significant revenue, with an estimated annual revenue of 450 million dollars.
#19 Tower Records
Employees: 1.5K
Revenue: 500M$
Website: https://www.towerrecords.com
Description: Tower Records is a prominent player in the Music & Video Stores industry. Headquartered in Sacramento, United States, the company was founded in 1960. With approximately 1.5 thousand employees, Tower Records operates a chain of retail stores that offer a wide range of music and video products to consumers. The company has established itself as a go-to destination for music enthusiasts, providing an extensive collection of CDs, vinyl records, DVDs, and other entertainment media. Tower Records has achieved significant success in the industry, generating an estimated revenue of 500 million USD. With its strong presence in the market, the company continues to be a leading retailer in the Music & Video Stores industry.
#18 HMV
Employees: 2.5K
Revenue: 500M$
Website: https://www.hmv.com/
Description: HMV is a prominent player in the Music & Video Stores industry, headquartered in London, United Kingdom. With a history dating back to 1921, HMV has established itself as a leading retailer of music and video products. The company operates a network of physical stores across the UK, offering a wide range of CDs, vinyl records, DVDs, and Blu-ray discs. In addition to its brick-and-mortar presence, HMV also operates an online platform, providing customers with convenient access to their extensive catalog. With approximately 2.5 thousand employees, HMV continues to serve as a popular destination for music and movie enthusiasts, generating an estimated revenue of 500 million dollars.
#17 Virgin Megastores
Employees: 1.5K
Revenue: 600M$
Website: https://www.virginmegastore.com/
Description: Virgin Megastores is a prominent player in the Music & Video Stores industry. With its headquarters in New York City, United States, the company has been operating since 1971. It employs approximately 1.5 thousand employees and generates an annual revenue of around 600 million dollars. Virgin Megastores offers a wide range of music and video products, catering to the diverse tastes of its customers. The company operates multiple retail stores across North America, providing a unique shopping experience for music and movie enthusiasts. With its extensive collection of CDs, DVDs, vinyl records, and other entertainment merchandise, Virgin Megastores continues to be a popular destination for music and movie lovers.
#16 Suncoast Motion Picture Company
Employees: 1.5K
Revenue: 750M$
Website: https://www.suncoastmovies.com
Description: Suncoast Motion Picture Company, headquartered in Los Angeles, United States, is a prominent player in the Music & Video Stores industry. Founded in 1993, the company has a workforce of approximately 1.5 thousand employees. With an impressive revenue of 750 million dollars, Suncoast operates a chain of retail stores dedicated to selling movies and music products. The company offers a wide selection of DVDs, Blu-rays, CDs, and other entertainment merchandise, catering to the diverse preferences of its customers. Suncoast is known for its extensive collection of movies, including classics, blockbusters, and niche titles, making it a go-to destination for film enthusiasts. Through its well-established retail presence and online platform, Suncoast continues to provide customers with a convenient and enjoyable shopping experience in the ever-evolving entertainment industry.
#15 The Musicland Group Inc
Employees: 5K
Revenue: 750M$
Website: https://www.musiclandgroup.com
Description: The Musicland Group Inc, headquartered in New York City, United States, is a prominent player in the Music & Video Stores industry. Founded in 1971, the company employs approximately 5,000 employees and generates an estimated revenue of 750 million dollars. With a strong presence in North America, The Musicland Group Inc operates a chain of music and video stores that offer a wide range of music albums, movies, and entertainment merchandise. The company's retail outlets are known for their extensive collection, competitive pricing, and exceptional customer service. With their well-established online platform, customers can conveniently browse and purchase their favorite music and movies. The Musicland Group Inc continues to innovate and adapt to the changing digital landscape, ensuring their customers have access to the latest trends and releases in the music and video industry.
#14 Capitol Records
Employees: 1.2K
Revenue: 900M$
Website: https://www.capitolrecords.com
Description: Capitol Records, headquartered in Hollywood, United States, is a prominent player in the Music & Video Stores industry. Established in 1942, the company boasts a workforce of approximately 1.2 thousand employees. With an impressive revenue of around 900 million dollars, Capitol Records has firmly established itself as a leading entity in the industry. They are known for their extensive catalog of music and video products, catering to a diverse range of consumer preferences. Capitol Records operates through its website, providing customers with convenient access to their vast collection of music and video offerings. With their rich history and continued success, Capitol Records continues to shape and define the retail landscape in the music and video industry.
#13 EMI
Employees: 5K
Revenue: 1.2B$
Website: https://www.emimusic.com/
Description: EMI is a prominent player in the Music & Video Stores industry, with its headquarters located in New York City, United States. Founded in 1931, the company has a workforce of approximately 5,000 employees. EMI operates in the retail sector, specifically in music and video stores. The company's website, https://www.emimusic.com/, showcases its extensive catalog of music and video offerings. With a revenue of 1.2 billion dollars, EMI has established itself as a key player in the industry, catering to music and video enthusiasts worldwide.
#12 Blockbuster LLC
Employees: 10K
Revenue: 1.2B$
Website: https://www.blockbuster.com
Description: Blockbuster LLC, headquartered in Dallas, United States, is a prominent player in the Music & Video Stores industry. The company was founded in 1985 and currently employs approximately 10,000 people. With a revenue of 1.2 billion dollars, Blockbuster operates a chain of retail stores that specialize in renting and selling movies and music. Blockbuster offers a wide selection of DVDs, Blu-rays, video games, and music CDs, catering to the entertainment needs of customers across North America. Despite the rise of online streaming services, Blockbuster has managed to maintain a significant presence in the industry by leveraging its well-established brand and physical store network.
#11 Virgin Records
Employees: 5K
Revenue: 1.2B$
Website: https://www.virgin.com/
Description: Virgin Records, a subsidiary of the Virgin Group, operates in the Music & Video Stores industry within the Retail sector. Headquartered in London, United Kingdom, the company was founded in 1972. With approximately 5,000 employees, Virgin Records generates an estimated revenue of 1.2 billion US dollars. The company offers a wide range of music and video products, including CDs, DVDs, vinyl records, and digital downloads, through its retail stores and online platform. Known for its innovative marketing strategies and diverse artist roster, Virgin Records has played a significant role in shaping the music industry. With a strong presence in the global market, the company continues to evolve and adapt to the changing landscape of music consumption.
#10 Barnes & Noble Inc
Employees: 9K
Revenue: 3.6B$
Website: https://www.barnesandnoble.com/
Description: Barnes & Noble Inc operates in the Music & Video Stores industry as a leading retailer of books, digital media, and educational products. Headquartered in New York, United States, the company was founded in 1873. With a workforce of approximately 9,000 employees, Barnes & Noble provides a wide selection of books, magazines, music, movies, and other media products through its physical stores, online platform, and e-readers. The company offers an extensive range of titles across various genres, catering to the diverse interests of its customers. Known for its brick-and-mortar bookstores, Barnes & Noble has expanded its digital presence to adapt to the evolving market trends in the retail industry. With annual revenue of around 3.6 billion dollars, Barnes & Noble continues to be a prominent player in the Music & Video Stores sector.
#9 Circuit City
Employees: 10K
Revenue: 4B$
Website: https://www.circuitcity.com
Description: Circuit City, headquartered in Richmond, United States, is a prominent player in the Music & Video Stores industry. Since its establishment in 1949, the company has been providing a wide range of music and video products to customers across North America. With a workforce of approximately 10,000 employees, Circuit City operates numerous retail locations that offer a diverse selection of music albums, movies, and TV shows on various formats such as CDs, DVDs, and Blu-ray discs. The company is known for its extensive collection, competitive pricing, and knowledgeable staff, ensuring a satisfying shopping experience for music and movie enthusiasts. Circuit City has achieved significant revenue growth, generating approximately 4 billion dollars in annual sales.
#8 Warner Music Group
Employees: 4.5K
Revenue: 4.5B$
Website: https://www.wmg.com/
Description: Warner Music Group, headquartered in New York City, is a prominent player in the Music & Video Stores industry. Founded in 1958, the company operates globally and has a workforce of approximately 4.5 thousand employees. With annual revenue of around 4.5 billion dollars, Warner Music Group is known for its wide range of music and video products. The company provides a variety of services, including music publishing, recorded music, artist services, and licensing. Warner Music Group is recognized for its extensive catalog of music, representing a diverse portfolio of artists and genres. Through its strong distribution network and strategic partnerships, the company continues to thrive in the ever-evolving music and video retail market.
#7 Sony Music Entertainment
Employees: 8K
Revenue: 6B$
Website: https://www.sonymusic.com/
Description: Sony Music Entertainment, headquartered in New York City, is a major player in the Music & Video Stores industry. Founded in 1929, the company has a long-standing history in the music business. With a workforce of approximately 8,000 employees, Sony Music Entertainment operates globally, offering a wide range of music and video products through its retail outlets. The company generates a significant revenue of 6 billion dollars, making it one of the leading companies in the industry. Sony Music Entertainment continues to thrive by leveraging its extensive catalog of artists and music labels, as well as through strategic partnerships and digital distribution channels.
#6 GameStop Corp
Employees: 14K
Revenue: 6.4B$
Website: https://www.gamestop.com/
Description: GameStop Corp, headquartered in Grapevine, United States, is a leading player in the Music & Video Stores industry. Since its founding in 1984, the company has grown to employ approximately 14,000 people. With annual revenues of 6.4 billion dollars, GameStop operates a vast network of retail locations that offer a wide selection of video games, consoles, and accessories. The company is known for its buy-sell-trade model, allowing customers to trade in used games and hardware for store credit or cash. GameStop also provides a range of digital gaming content and services, including downloadable games, DLCs, and in-game currency. With its strong presence in the retail sector, GameStop continues to be a significant player in the Music & Video Stores industry.
#5 Universal Music Group
Employees: 4.5K
Revenue: 7.5B$
Website: https://www.universalmusic.com/
Description: Universal Music Group, headquartered in Santa Monica, United States, is a leading player in the Music & Video Stores industry. Founded in 1934, the company has established itself as a powerhouse in the global music market. With a workforce of approximately 4.5 thousand employees, Universal Music Group operates across various segments including recorded music, music publishing, and merchandising. The company represents a wide range of renowned artists and labels, covering diverse genres and styles. Universal Music Group's revenue stands at an impressive 7.5 billion dollars, making it one of the largest players in the industry. With its strong presence and extensive catalog, Universal Music Group continues to shape and influence the music landscape worldwide.
#4 Best Buy Co Inc
Employees: 125K
Revenue: 43.6B$
Website: https://www.bestbuy.com
Description: Best Buy Co Inc, headquartered in Richfield, United States, is a leading company in the Music & Video Stores industry. Founded in 1966, the company has grown to become a major player in the retail sector, specializing in the sale of music and video products. With a workforce of approximately 125,000 employees, Best Buy operates a vast network of stores across the United States. The company has achieved significant success and has become a trusted name in the industry. Best Buy reported revenue of 43.6 billion dollars, demonstrating its strong market presence and financial performance in the sector.
#3 Target Corporation
Employees: 360K
Revenue: 75B$
Website: https://www.target.com
Description: Target Corporation is a leading retailer in the Music & Video Stores industry. Headquartered in Minneapolis, United States, Target operates numerous stores across North America. Founded in 1902, the company has a long-standing history in the retail sector. With approximately 360,000 employees, Target is committed to providing exceptional service to its customers. The company generates an impressive revenue of 75 billion dollars, showcasing its strong presence in the market. Target offers a wide range of music and video products, catering to diverse consumer preferences. With its extensive selection and convenient store locations, Target continues to be a prominent player in the Music & Video Stores industry.
#2 Amazon.com
Employees: 1.3M
Revenue: 386.1B$
Website: https://www.amazon.com
Description: Amazon.com, headquartered in Seattle, United States, is a major player in the Music & Video Stores industry. Founded in 1994, the company has grown to employ approximately 1.3 million individuals worldwide. With a revenue of 386.1 billion dollars, Amazon.com dominates the retail sector by providing a vast selection of music and video products to customers globally. The company's website, https://www.amazon.com, serves as a one-stop destination for consumers looking to purchase CDs, vinyl records, DVDs, Blu-rays, and digital music and video downloads. Amazon.com's extensive inventory, competitive prices, and convenient shopping experience have established it as a leading retailer in the Music & Video Stores industry.
#1 Walmart Inc
Employees: 2.3M
Revenue: 524B$
Website: https://www.walmart.com
Description: Walmart Inc, headquartered in Bentonville, United States, is a leading retailer in the Music & Video Stores industry. Founded in 1962, Walmart operates a vast network of stores offering a wide range of music and video products. With a workforce of approximately 2.3 million employees, Walmart has established itself as a dominant player in the industry. The company generates significant revenue, with annual sales reaching 524 billion dollars. Walmart's commitment to providing customers with affordable and diverse entertainment options has made it a popular destination for music and video enthusiasts.
Summary
The analysis of the top companies from the Music & Video Stores sub-industry in the Retail sector revealed some interesting findings. The leading companies in this sub-industry include giants like Amazon, Walmart, and Best Buy. These companies have consistently ranked high in terms of revenue and market share. Amazon, in particular, has emerged as a dominant player and has disrupted the traditional brick-and-mortar music and video stores with its online platform.
One unexpected finding is the resilience of physical music and video stores in the face of digital disruption. Despite the rise of online streaming services, many consumers still prefer the experience of browsing physical stores and purchasing physical copies of music and movies. This has allowed some specialty music and video stores to thrive in niche markets.
Amazon, the e-commerce behemoth, is undoubtedly the premier company in this sub-industry. With its vast selection, competitive pricing, and fast delivery options, Amazon has revolutionized the way people buy music and videos. Walmart, the world's largest retailer, has also established a strong presence in this sub-industry with its extensive selection and affordable prices. Best Buy, known for its electronics and appliances, has successfully diversified its offerings to include a wide range of music and video products.
One common element driving the success of these top companies is their ability to adapt to changing consumer preferences and embrace new technologies. They have invested heavily in e-commerce platforms, digital streaming services, and personalized recommendations to enhance the shopping experience for customers. Additionally, these companies have leveraged their vast resources and economies of scale to negotiate favorable deals with suppliers, enabling them to offer competitive prices.
What sets these eminent companies apart from their industry rivals is their ability to provide a seamless omnichannel experience. They have integrated their online and offline channels to create a cohesive shopping journey for customers. Whether it's ordering online and picking up in-store or browsing in-store and making a purchase online, these companies offer flexibility and convenience. Furthermore, they have invested in customer loyalty programs, ensuring repeat business and fostering customer loyalty.