Another audio dealer closes his shop


After being in business for 35 years audio and video dealer GNP of Pasadena, California closes it's doors. The owner told me he has to sell 30k a month in goods just to break even. He says it's not worth being in business just to break even.
taters

Showing 1 response by czbbcl

I think two channel audio is a shrinking market and the
higher end manufacturers need to charge more for their
products to cover costs and make a profit. And as costs go
up you push even more out of the market place. Ten Thousand
dollar amps, pre-amps and turntables have become the norm.
People simply can not afford or justify such purchases for a
hobby when usually only one family member enjoys. Home
Theatre in most respects is different as the whole family
can sit down and enjoy watching a movie and they prefer the
amazement of multi-channel listening.

And I certainly think the internet has changed the way we do
business and make purchases in this hobby. Some brick and
mortar places will continue and do fine as they have
probably changed their businees model to adapt while other
who have not will fold as we have seen. Cost Structure and
the way we do business has been and will continue to be
their demise
Oh well just my two cents and sorry for bloviating