Alliance Entertainment Announces Largest Sales Month for Independent Retail Division Coinciding with 2024 Record Store Day Event

2024 Record Store Day Shatters Previous Year’s Sales, Driven by Superstar Artists Releases

PLANTATION, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- 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.”