Sanity store in Tamworth set to close, as company announces shops shut across the country

The company, which sells CDs and DVDs, will close its bricks and mortar assets in Tamworth on January 22.

The company announced on Wednesday that all stores will close by the end of April, to concentrate on online sales.

Staff from the Tamworth store said "it's with heavy hearts that we announce our closing down sale" and "everything in store is 50 per cent off" as they prepare to close the doors in a matter of weeks.

"If it's not bolted to the floor it's for sale," the staff took to Facebook.

"Our team is so, so thankful for all the wonderful customers and friends we have made over the years."

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The closures will impact several stores across regional NSW including Armidale, Orange, as well as Lithgow, Griffith and Grafton.

"With our customers shifting to digital for their visual and music content consumption, and with diminishing physical content available to sell to our customer, it has made it impossible to continue with our physical stores," owner Ray Itaoui told Nine.

"Our online business - sanity.com.au - will continue to operate, and will service the many loyal customers the brand has continued to be dedicated to over the decades.

"Our priority right now is to ensure each of our team members knows exactly what this means for their career and employment future."

The first Sanity store opened in 1992 in Doncaster, Melbourne.

The outlet became the most popular music retailer in the country and at its peak was said to have more than 150 stores.

There are about 50 remaining.

This news comes soon after figures revealing that for the first year ever, vinyl outsold CDs.

Around the globe, vinyl sales are set to outstrip CDs this year, thanks in large part to Taylor Swift's new album Midnights which broke international sales records.

According to ARIA, vinyl album sales in Australia made up the biggest segment of physical music sales in 2021, at $29.7 million, compared with $24.9 million for CD albums.

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