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GLG News by Musical Instrument Retailers Experts

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October 31, 2007
Could Decline in Luxury Sales Hurt Music Products Companies like Steinway Musical Instruments, Inc. (LVB) and Music Products Retailers like Guitar Center, Inc. (GTRC)
Analysis of: LUXURY CONSUMERS' SPENDING PLUNGES TO ITS LOWEST LEVEL IN MORE THAN TWO YEARS | www.retail-merchandiser.com
Author: GLG Expert Contributor
With the decline of luxury goods sales Steinway Musical Instruments and Guitar Center could be affected.  Steinway's Piano Division is the largest segment of their business.  The majority of that business is Steinway product (not Boston or Essex) and is focused toward the luxury market. ...

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