Wal-Mart music provider exits U.S.

TROY, Mich. Handleman announced that in connection with its decision to exit the North American music business, it has agreed to sell its music inventory and selected other assets related to its Wal-Mart business in the United States to Anderson Merchandisers.

Sales to Wal-Mart stores currently constitute a substantial majority of Handleman's U.S. music sales. Handleman said it will work with its other U.S. music customers over the next few months to assist them in achieving a smooth transition to other music suppliers.