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Starbucks losing CDs and iTunes cards? - June 25, 2008
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Peter Kafka at Silicon Alley Insider is reporting that Starbucks, already in pull-back mode from their once big plans to dominate the entertainment world, will have dumped almost all of its in-store music retail offerings by September.
That means no more "spinner" racks offering multiple CD choices to latte-buyers. And that also means no more gift cards and promotional giveaways for Apples iTunes (AAPL). Instead, we're told, the coffee chain will offer just four CD "slots" per store. But it will also continue to offer free Wi-fi access to Apple's online music store and may continue to try to sell entertainment online.
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