Music retailer Rough Trade has announced a 25% increase in Q1 sales for the first three months of 2013.
The news comes after the company picked up a Music Week Award last Thursday for Retail Brand, ahead of stiff competition from iTunes, Spotify, HMV and others.
The company told Music Week that the win, voted for by more than 150 music industry professionals, was ‘a statement that signifies the mainstream appetite for independent British retail excellence and the demand for Rough Trade’s winning music retail formula’.
It added that Rough Trade has enjoyed double-digit growth each year since opening Rough Trade East in 2007.
See this week’s edition of Music Week magazine, out with subscribers on Thursday, for more.
Later this year, Rough Trade NYC will open, twice as large the (Rough Trade East) UK flagship.
Located in Williamsburg, Brooklyn, the new store will be the largest new music store in the US.
Many in the music industry are hoping to hear news of a Rough Trade expansion across the UK this year.
Overall UK album sales rose 1.4% year-on-year in Q1 of 2013, according to figures from the BPI and Official Charts Company.