From the Globe and Mail:
The biggest record store in the U.S. isn’t a record store at all, it’s Apple Inc.’s iTunes.
Thursday, the computer giant announced that after just five years in the market, its online music store has blown past Wal-Mart Stores Inc. to become the largest retailer of music in the U.S.
As Apple’s dominion over the industry grows and CD sales continue to plummet, it becomes increasingly apparent that consumers are gravitating toward digital music and that the former heavyweight champions of the retail game – big-box stores such as Wal-Mart, Best Buy and Target – will not be the next challengers to contend for the title.