Another audio dealer bites the dust


GNP of Pasadena California is closing there doors after 30 years in the high-end business. The owner told me they don't have enough sales to keep the door opened. It's really ashame, they are very nice people and very knowledgeable. I guess the Best buys of the world are the audio future. How sad!
taters

Showing 3 responses by minorl

I've said it many times. Too many of us go to the stores to demo equipment and make up their minds and then order on-line for lower prices. I've tried hard to buy books and equipment from my local stores, because I want the brick and mortar stores to stay. And yes, I am willing to pay more for that service. On line retailers got away with not having to charge state and local taxes and other fees and therefore could charge less, but (here's the bandwagon), you eventually lose in your neighborhoods because the tax dollars that would have been used to pay for Police, Fire, fixing the streets, maintenance, and other services isn't there anymore. it is subtle, but eventually it becomes obvious when it is gone and too late.

As they say, there ain't no such thing as a free lunch. I've notices that most of the high end stereo stores in LA that I was familiar with and worked with are no longer around.

enjoy
Harri009: I actually laughed when I read your post. I agree with your assessment of the Wilson Speakers. Wow! However I stay firmly rooted to my believe that an object, house, piece of equipment, car, etc. is worth what a person is willing to pay for it. Wilson did a calculation and discovered that there are potential customers willing to pay stupidly high amounts for their products. Same for Boulder and others. I'm not a big fan of Wilson products, however, that does not mean they are quality products. But, I know that manufacturers pressure dealers into carrying not only their mid priced products but their ultra high priced products also. I'm not sure of the financing situation with dealers, in that do they have to pay all the costs up-front or finance or short term lease from the manufacturer? interesting. but, the out-of-pocket costs, overheads, etc. how long the product sits in the show room before it is sold all factor into this business. Also, really important is how much mark up the dealer is either forced to add to the product's price or what they just simply do themselves. I've noticed over the decades my favorite store go from high end products only to mid fi/low high end products and high end products and then add home theater products (both high end and mid fi/low high end) just to stay in business. but to stay in business, unless the product's price is set at the factory and can't be changed, the dealer must be willing to dance a little on the price.

interesting.

enjoy
I meant to write " that does not mean that they are not quality products" Sorry Wilson.