The truth about selling vinyl; independents react to Amazon’s 745% rise in record sales – The Vinyl Factory

While the price war on the high street in the 90’s forced many smaller UK retailers out of business, the fatal blow was dealt the following decade by a tax loophole called Low Value Consignment Relief, which annulled the VAT on any product worth less than £18 if it was shipped from the Channel Islands. Alongside supermarkets selling CDs as checkout loss-leaders, Amazon’s Channel Islands operation suffocated the market and, unable to compete on price, selection or distribution, hundreds of record shops were forced to close.

via The truth about selling vinyl; independents react to Amazon’s 745% rise in record sales – The Vinyl Factory.

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