Musical Instrument Stores
Competitive Landscape
Consumer income and changes in musical tastes drive demand for musical instruments. The profitability of individual companies depends on effective merchandising. Small companies can compete effectively by specializing in personalized service or high-end instruments.
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Opportunities
International Expansion - Some music store chains are exploring expansion opportunities in Japan, Europe, and Canada. US manufacturer Steinway has acquired a retail store in Germany. Larger music...
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Business Challenges
Stagnant Consumer Demand - US sales of musical instruments have been stagnant for the past decade. With a wide range of choices for leisure activities, fewer children play musical...
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