May 22 (Reuters) - Music superstar Taylor Swift's latest
album, "The Tortured Poets Department," was released just two
weeks before the end of Target's ( TGT ) quarter - and yet sales were
enough to buoy the retailer's entertainment business.
Target ( TGT ) said the category grew high-single-digits in the
latest quarter, benefiting from exclusive offers for Swift's
latest release.
Swift released the first 16 tracks of "Poets" on April 19,
and two hours later surprised fans by revealing a double album
with 15 more songs. The retailer's first quarter ended May 4.
"With an exclusive-to-Target ( TGT ) version of the album and three
exclusive CD options, this was the strongest music pre-order in
our history," Christina Hennington, Target's ( TGT ) chief growth
officer said in a post-earnings on Wednesday.
The company added that sales were elevated by improved
in-store events for the album that included Target ( TGT ) exclusive
vinyl that had bonus tracks.
Vinyl of The Tortured Poets Department + Bonus Track 'The
Manuscript' sells for $45.99, according to Target's ( TGT ) website.
Traditional album sales of this release totaled 1.91 million
in the week ending April 25 between digital download albums,
CDs, cassettes and also included 859,000 vinyl sales, Billboard
had reported citing data from Luminate.
Swift, 34, has been setting music industry milestones and
boosting local economies with The Eras Tour, which resumed in
Paris earlier this month, a phenomenon that some economists have
termed "Swiftflation."