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Music Retailing Around The World

A review of the performance, business practices, and challenges of 236 retail businesses from 31 countries and six continents

Music may be the universal language, but the language of music retail has a multitude of regional dialects. Factors running the gamut from geography and population density to cultural traditions and zoning laws all contribute... READ MORE


Q&A: Irv Kratka

Music Minus One founder Irv Kratka, the industry’s longest serving CEO, discusses music, changing technology, and why retirement is for sissies

Irv Kratka could very well be the longest running CEO in the music industry. He founded Music Minus One in 1950 and 65 years later continues to head the company that is known around the world for... READ MORE



Martin Receives Patent For Neck-To-Body Joint System

C. F. Martin & Co. has been awarded a patent for its innovative guitar neck joint router system, originally introduced in 2012. Created and spearheaded by Martin Guitar Engineering Project Manager Theresa Hoffman, the machine is a complex combination... READ MORE



Q1 Retail Report

Sales gains held back by winter weather

Music industry retail sales for the just-completed first quarter edged up 3% compared to the year-earlier period. For the three months ended March 30, total sales were $1,298,703,000 compared to $1,260,438,000 in 2014. Winter weather that blasted... READ MORE




Guitar Center Sales And Cash Flow Up

Music & Arts is top-performing division, and analysts question one-time gain on inventory liquidation. An accounting “trick” to polish results?

Guitar Center posted improved sales and earnings for the fourth quarter of 2014 and the full year, cheering bond holders. For the three-month period ended December 31, 2014, sales edged up... READ MORE





Boutique Quality At A Mainstream Price

Master luthier John Page, known for his exquisite custom guitars, has created a new accessible line that taps into the fastest-growing market segment

John Page has earned a reputation as one of the world’s foremost luthiers, first as a co-founder of the Fender Custom shop, where he designed and built exquisite, one-of-a-kind instruments, and more recently, turning out custom instruments in his own shop in Wolf Creek, Oregon. In a new collaborative venture... READ MORE



NASMD Sets Record In New Orleans

It was a Mardi Gras blowout for exuberant school music retailers following a strong year, but tighter student scheduling requirements and online competition emerged as issues to watch

It looked like this year’s NASMD convention would fall just short of an attendance record, but a few late arrivals pushed it over the top, making this officially the largest gathering in the history of the National Association of School Music Dealers. All told, 444 attendees came out... READ MORE


This Month in Music Trades

May 2015 Issue READ IT NOW!

The Global Retail Report: A look at the differences and similarities that unite 236 music retailers operating in 31 countries on six continents

The Rankings: Sales volume and store and employee counts provide insights into the commercial dynamics of different markets.

Retailer Profiles
• Cosmo Music, Canada
• Arsenal Music, Russia
• Dawsons Music, U.K.
• Grupo Adagio, Spain
• Mr.CD, Mexico
• Parsons Music, China

Quarterly Sales Report: Tough winter impacts sales results

Steinway's New Spirio Reproducing Piano System

Guitar Center Financials: Cash flow up on one-time gain

How To Keep Brick & Mortar Stores Relevant: Radial CEO Peter Janis discusses how to keep customers coming back in the internet age

Meet Music Minus One Founder Irv Kratka: The father of karaoke discusses music, inspiration, and staying power

School Music Dealers Convene in "N'awlins": Full NASMD show coverage

Forefront
• Martin Patents Neck Routing System
• Mystery Piano In Santa Monica
• Fender's "Accelerator Tour"
• Yamaha Launches Pro Audio Division
• New Distributor For DUBS Filters
• Dana B. Goods Distributes Aria
• Black Diamond Marks 125th
• Akai's New Advance Keyboards
• De Meij Visits Hal Leonard
• New Distributor For Prodipe Audio
• Yamaha Teams With Playground Sessions

Retailing
• Green Day Founder Opens Store
• Buddy Roger's Focuses on School Music
• Island Music Combines Wine & Guitars
• White House Adds Marketing Staff
• Metal Master At Moore Music
• Lighthouse Music Opens
• Gand Music Sold
• Full Compass Promotes Sales Team
• Eckroth Music Expands


     
     






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