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Wal-Mart: Hey, we're still selling VHS
No. 1 retailer denies a published report that it will exit the VHS business by early next year.
June 14, 2005: 12:17 PM EDT
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NEW YORK (CNN/Money) - Wal-Mart Stores will continue to sell VHS tapes for as long as its customers want them, a spokeswoman for the world's largest retailer told CNN/Money.

"While it's true that there is stronger growth in demand for DVDs, many of our customers have VHS recorders and therefore still want VHS tapes," said Karen Burk, spokeswoman for Wal-Mart. "We will continue to sell the VHS tapes as long as there is a demand from our customers."

Burk categorically denied a Sunday report in the Hollywood Reporter that cited industry sources as saying that the discount behemoth planned to follow the lead of other big electronics sellers and exit the VHS business by early 2006.

According to the article, sources said VHS tapes will still be available through the 2005 holiday season but would disappear from Wal-Mart (Research) shelves soon after February.

The publication said in the report it was unable to confirm the matter with Wal-Mart.

The story said Wal-Mart rival Target (Research) had announced that it will phase out VHS sales by September, while electronics retailers Best Buy (Research) and Circuit City (Research) said they will no longer sell VHS tapes.

The Hollywood Reporter could not immediately be reached for comment.

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