Musica is shutting down
Musica is shutting down South African entertainment retailer Musica will close its doors after 29 years of operation. Credit: V&A Waterfront The Clicks Group, which acquired Musica in 1992, said that Musica has been operating in a declining market for several years owing to the structural shift globally to the digital consumption of music, movies and games from the traditional physical format. "The inevitable demise of the brand has been accelerated by the Covid-19 pandemic which resulted in the rapid decline in foot traffic in destination malls where Musica stores are typically located," C...
Source: bizcommunity.com