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Retailers rejoice: new Taylor Swift album due in October

TaylorSwift Country darling Taylor Swift informed fans during a live Web chat today that she will release a new studio album, “Speak Now,” on Oct. 25. A first single, “Mine,” arrives Aug. 16.

The new set, comprising 14 new songs penned by the vocalist, is styled as a concept album of sorts, with each track written in the form of a confession to a different person.

The big fourth-quarter title from Universal-distributed Big Machine is good news for music retailers who have seen their sales continue to slide this year. Swift’s late-2008 album “Fearless” has sold 5.9 million copies to date, and is still lashed into the top 50 of the U.S. album chart. Swift collected four Grammy Awards this year.

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