; 27th Annual 50 Dealer 50 State Review & Forecast
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27th Annual 50 Dealer 50 State Review & Forecast

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Like most businesses which have managed to weather recent economic hardships, many of the folks we spoke with indicated that the recession forced them to rethink how they approached elements of their operation, ultimately improving the overall model. Additionally, retailers are taking advantage of new and emerging platforms and technologies to attract and maintain customers, as evidenced by the response we received when we asked MI operations about their involvement with social networking sites. There were a lot of challenges, but a sales tax increase is never an easy adjustment.

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27th Annual

50 Dealer
   50 State                                              Review & Forecast




It’s not news that the recession and lingering economic uncertainty remain big – by almost all measure-
ments, the biggest – challenges for all American consumers and businesses. MI retail is certainly no exception
when it comes to these tough hurdles, but our 27th end-of-year survey of music stores across the country
seems to suggest that some truly are seeing things take a turn for the better.

   “It seems like customers, while still be-   dicated that the recession forced them to            So was 2010 a return to the salad
ing a bit cautious, are starting to open up    rethink how they approached elements of           days of, say, a decade ago? The vast
a bit and do some of the things they have      their operation, ultimately improving the         majority would be on board with a re-
been holding back on, due to economic          overall model. Additionally, retailers are        sounding reply of, “No!” so it’s prob-
fears,”
								
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