Alliance Entertainment Announces Largest Sales Month For Independent Retail Division Coinciding With 2024 Record Store Day Event, In Comparison To Record Store Day 2023, Sales Increased By More Than 30%

Alliance Entertainment Holding Corporation (NASDAQ:AENT), a global distributor and wholesaler specializing in music, movies, video games, electronics, arcades, toys, and collectibles, today announced results of last month's Record Store Day events. Record Store Day (www.recordstoreday.com) is an annual event inaugurated in 2007 and held on one Saturday every April to "celebrate the culture of the independently owned record store‘" and brings together fans, artists, and thousands of independent record stores around the world. As in past years, artists and record labels produce vinyl content pressed exclusively for Record Store Day. These exclusives are distributed to more than 1,500 record stores in the US participating in the event. Now in its 17th year, and haven taken place this year on April 20, 2024, the Record Store Day phenomenon continues to grow. Many attribute the success of Record Store Day to the continued growth and expansion of vinyl records across the music industry with physical vinyl album sales in 2023 surpassing 43 million units.

 

Alliance Entertainment is the leader in distribution of Record Store Day products to the independent retail community, utilizing our nationwide sales network and state-of-the-art distribution facility located in Shepherdsville, KY. In support of Record Store Day, Alliance Entertainment shipped more than 600,000 units across 400 unique titles to participating retailers. In comparison to Record Store Day 2023, sales increased by more than 30%.

"We are excited to see our hard work rewarded once again during Record Store Day and the positive feedback from the retail community," said Ken Glaser, Alliance Senior Vice President of Sales. With much contribution from Record Store Day product sales, we saw our largest sales month ever. It takes a group effort from all parts of our business to ensure that such a large number of units are received, prepped and shipped in such a short window of time. Our goal is to always ensure timely and accurate shipments to our loyal customer base."

Laura Provenzano, Alliance Senior Vice President of Purchasing, added, "From a supply chain standpoint, this year was even more challenging due to the Taylor Swift and Pearl Jam releases which were virtually concurrent with Record Store Day. It required a tremendous amount of close coordination with our suppliers, and a huge effort on the part of our distribution center to successfully navigate around the volume and unique requirements for each of these projects."

Michael Kurtz, Co-founder of Record Store Day, added, "The combination of April 20th's Record Store Day, the release of Pearl Jam's ‘Dark Matter', and Taylor Swift's ‘The Tortured Poets Department' meant vinyl sales last week enjoyed their highest weekly total sales in our history. The Noah Kahan and Olivia Rodrigo back-to-back 'Stick Season/Lacy‘ single, along with Noah's ‘I Am/I Was' album, and Record Store Day ambassador Paramore's two RSD releases, created the perfect storm for a whole new generation of music fans who flooded the stores, driving this massive celebration, and record sales."

AMPED Distribution, a division of Alliance Entertainment, once again played a large part in this year's Record Store Day, working with its label partners to release 68 unique titles including releases from Ateez (K-Pop Record Store Day Ambassadors), De La Soul, Fleet Foxes, and more. AMPED continues to grow its label and distribution roster, including independent record stores which are helping fuel its growth and impressive repertoire.