Another reason for downsizing, tied of-course to a slower market, is that here in Texas we have to pay inventory taxes on January renditions each year. My market heats up in the spring so I'm getting unsold inventory off of the floor back to the wholesaler. It has been a very slow market and what has sold has been well under $10G. A number of stores have closed extra locations and all are trimming excess inventory. Despite this taxing jurisdictions are increasing their levies which demonstrates typical ignorant arrogance. They are successfully shrinking their tax base and may find themselves too successful eventually. Government beaurcrat are not accustomed to adjusting to prevailing economics and that failure can be an economy's undoing. Andrew Anderson On Oct 13, 2010, at 2:17 AM, tnrwim at aol.com wrote: > > What worries me is the collapse of the dealer networks and retail > market. When I started in the business 30 years ago, Albuquerque had > several full size dealers: Steinway/Wurlitzer, Baldwin (two stores), -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/caut.php/attachments/20101013/a8d8447e/attachment.htm>
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