JUST RELEASED 1q 2022 Retail Sales Report
Industry Sales Advance In 1st Quarter
Sales momentum slows as dealers cancel backorders and inventories normalize
A just released report from Music Trades with a comprehensive analysis of the most recent quarterly retail sales data reveals that retail sales at music stores nationwide increased moderately in the first quarter as discretionary spending was adversely impacted by soaring gas and food prices. Product shortages continue to persist but most retailers reporting to this survey indicate that inventory is in balance for a number of key product categories.
To help manufacturers and retailers better navigate a disrupted marketplace, Music Trades has assembled a comprehensive 18-page analysis detailing sales trends for the fourth quarter in the U.S. music products marketplace. Data includes quarterly year over year sales for 16 different product categories; first ever breakouts of online vs. instore purchases; as well as 5-year historic sales comparisons.
Order the new report below: