Daily News: January 23, 2013

GE Capital Optimistic About Music Instrument Industry

As the National Association of Music Merchants (NAMM) prepares for its annual winter show, GE Capital’s Commercial Distribution Finance (CDF) business said it is optimistic about the outlook for the music instrument industry.

“Overall, we like what we see in the music industry these days,” said David S. Wilson, commercial leader of CDF’s diversified products group, which provides inventory financing for dealers of music instruments and related products. “We saw modest growth in the U.S. in 2012, with macro-economic indicators trending favorably, an improved retail environment, and positive ordering trends, although there were some pockets of conservative stocking at the dealer level. We’re upbeat about ordering trends for 2013”

“As we enter our 16th year of working with dealers to help them bring music to their communities, it’s important for us to be at NAMM, the world’s largest and most important music products trade show,” Wilson continued. “NAMM provides an unmatched opportunity for us to meet with equipment makers as well as a nationwide spectrum of dealers, including retail chains and independent music store owners. There’s no substitute for meeting face-to-face, and enjoying some great music together”

GE Capital will be exhibiting in booth #409 at Winter NAMM Jan. 24-27 in Anaheim, CA. To learn more about the event, click here.