Industry Sales Advance In The Face Of Strong Headwinds
The retail value of music products shipped in 2013 advanced 2.1% to $6.81 billion, basically keeping pace with the tepid growth of the economy. Although 2013 represents the fourth straight year of sales gains, shipments are still... READ MORE
North America's Largest Music Products Suppliers Ranked By Sales Volume
Averages can be deceptive. Mark Twain liked to point out that even though the Mississippi River had an average depth of 18", you could still drown in it. This observation is appropriate when viewing the following ranking of the Top 100 North American music products suppliers. Aggregate revenues for the group... READ MORE
Ares Management To Swap Debt For 70% Ownership of Guitar Center
Guitar Center is set to issue $940 million in bonds on March 25 to refinance its $1.6 billion in debt on more favorable terms. The debt issue is part of a total recapitalization plan that will leave Ares Management with a 70% ownership stake in the retailer. According to a report... READ MORE
Report From Frankfurt: Improved Messe Reflects Thaw In European Market
With banking crises and the threat of a Euro meltdown fading, distributors and retailers get back to the task of promoting and selling music products. Business may be better, but caution still prevails.
Read the whole article in this preview of the April issue of Music Trades!
Ban On Ivory Sales Threatens Vintage Market
Guitar Dealers Team With NRA To Protest Sweeping New Executive Order Banning Sale of Ivory
An executive order from the U.S. Department of the Interior banning the import or export of ivory has drawn fierce criticism from vintage guitar dealers as well as the National Rifle Association. Both groups argue... READ MORE
Blast Levels New York Piano Store
New York City retailer Absolute Piano was on the ground floor of a building destroyed in a massive explosion in East Harlem March 12. The sudden blast, thought to have been caused by a gas leak, flattened the piano store along with... READ MORE
Q4 Import Tracker: Imports Gain 4.4% For The Year
The overall value of imports of musical instruments and audio gear as reported in this quarterly report advanced 4.4% for the year, largely driven by strong demand for professional audio products. For the latest... READ MORE