Re-Pete
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Cagey said:Someone once said "If you wanna make a small fortune in retail music supply, start with a large fortune".
It would seem a bunch of high-end MBAs saw some of the margins on musical equipment and said "we need to be in this business!". Unfortunately, those margins are wide because some big bucks can sit on the floor in inventory doing nothing for a long time while you sell strings, picks and saxophone reeds. It's kind of a feast or famine business to be in, so it's tough to carry long-term and/or heavy debt. Few things are predictable.
I'm in Australia, and our supply chain is small and often there's stuff you simply can't get at the local store - if there's one around. But what will piss me off big time, is if I go into a larger Sydney music shop, ask for D'Addario XLs for electric guitar, 010-046, and they say they don't have them in stock! :doh: Not to have that when they display the brand logo on the shopfront is inexcusable. And conversely, a shop that does maintain a good consumable stock will have me leaving happy and with a sale. :icon_thumright:
Consumables (Reeds, strings, electrical cords, patch cords, picks etc.) should be where they base their business model on, not the one a month or longer instrument sale (where the margin is larger). AND MAKE SURE THERE'S PLENTY OF CONSUMABLE STOCK!