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Article: Breedlove Guitar: 2005 revenues jump 51% over 2004.(INDUSTRY FOREFRONT)
- Article from:
- Music Trades
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 Music Trades Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BREEDLOVE GUITAR COMPANY, a premier guitar and mandolin maker, reports that 2005 revenues exceeded $4.7 million, up 51% from 2004's $3.1 million.
In 2005 many factors contributed to Breedlove's growth. The company launched a record 24 new instrument models, expanded distribution in the United States both in independent stores and in chain stores, increased exports to Japan, increased production of Custom Shop guitars 25%, and increased Atlas Series guitar production over 70%.
President Peter Newport stated, "We had an extremely focused year in sales and marketing building on an intense period of product innovation from fall 2004 through summer of 2005."