Sanity music news: Iconic Australian retailer shutting its doors ...

Much loved Australian music and entertainment retailer Sanity is closing its stores after more than 30 years.

The company, which is known for selling CDs and DVDs, announced its remaining 50 stores were set to close by the end of April.

The store’s website, however, will continue to operate.

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“With our customer 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 said in a statement on Wednesday.

“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.

“Our team is also working hard to ensure every customer receives all orders they have placed with us, including all pre-orders, which will be dispatched through our online business if the store is closed by the time their order arrives.”

The first Sanity store opened back in 1992 in Doncaster, Melbourne and quickly became popular among music and film fans alike.

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