"The recession hit us pretty hard, as it did everyone else," says Marc Forman of Albuquerque's Marc's Guitar Center and, while the assessment hardly qualifies as "breaking news," Foreman's statement pretty much sums up, in succinct manner, the overall shared experience of the past few years in the world of American MI retail. Have we already turned the corner with respect to this mess? Since the summer months, various pundits and experts have been reporting that early indicators point to an end to our country's economic tailspin. Reassuring words, to be sure, but does that evaluation ring true with music retailers? "My outlook for 2010 is positive because I believe we have already bottomed out," states Magnolia Music Center's (Gulfport, Miss.) Tony Strong and that cautious optimism is shared by many we spoke with while compiling this year's 50 Dealer 50 State Report.
RETAIL 26th Annual Fifty Dealer Fifty State Review & Forecast “T he recession hit us pretty hard, as it did everyone else,” says Marc Forman of Albuquerque’s Marc’s Guitar Center and, while So, are things getting better? Have we already turned the corner with respect to this mess? Since the summer months, various pundits and experts have been re- porting that early indicators point to an end to our country’s economic tailspin. In Reassuring words, to be sure, but does that evaluation ring true with music re- tailers? “My outlook for 2010 is positive because I believe we have already bot- tomed out,” states Magnolia Music Cen- ter’s (Gulfport, Miss.) Tony Strong and September Federal Reserve chairman Ben that cautious optimism is shared by many the assessment hardly qualiﬁes Bernake said that, “From a technical per- we spoke with while compiling this year’s as “breaking news,” Foreman’s spective, the recession is very likely over at 50 Dealer 50 State Report. However there this point.” are plenty who see all such analysis as be- statement pretty much sums up, in succinct manner, the overall shared experience of the past few years in the world of American MI retail. 30 MMR DECEMBER 2009 MMR_30 30 11/24/09 10:23:34 AM ing only so much smoke and mirrors: Outlook for 2010: ARIZONA “No recovery,” declares Joe Kane of I am fully stocked up for the holiday Stafford, Virginia’s Bang Music. “It’s up Atomic Guitar Works season and I am approaching 2010 with to us to recreate our business and oper- Peoria hopes that it will be better than 2009. The ate with the available resources… I ex- Harry Howard & ﬁrst three months of the year are usually pect that the new economy will be one Tim Mulqueeny, owners my strongest months so I plan on being of consumer spending that is more in ready. I have some major repairs already line with actual family income than in scheduled into January. the past 20 years. The false economy of e credit card debt and home equity debt Product of the Year: is over.” Alvarez acoustics and Boss pedals. Predictions are, of course, merely educated guesswork and only time will tell how things pan out in the coming ALASKA months. As Front Porch Music’s (Ba- The Music Man 2008 vs. 2009: kersﬁeld, Calif.) Artie Niesen puts it, Anchorage 2008 was strong, but towards the end of whatever your own, personal take on the Al Green, manager the year people became very careful with immediate future, “Always hope for the how they were spending their disposable best!” 2008 vs. 2009: income. This has carried over into 2009. Fairly ﬂat Although this can be looked at as a bad thing, we have taken this as an opportu- ALABAMA Highlights and nity to focus on the most proﬁtable seg- lows of 2009: ments of our operation. Greenbrier Music Shop Anniston Native Flutes have Wayne Brown, owner been a consistent and Highlights and lows of 2009:
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