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Article: Steinway Musical Instrument Corp.(The Music Trade Achievement Awards: Company of the Year)
- Article from:
- Music Trades
- Article date:
- April 1, 1997
CopyrightCOPYRIGHT 1997 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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The Piano Market Maybe Soft, But That Hasn't Stopped Steinway From Posting Record Results. Performance At Selmer Has Been Equally Impressive
A rising tide tends to lift all ships, so it's not exceptional for companies in fast growing industries to post strong sales and profit growth. It is exceptional, however, when a company can transcend a stagnant industry to rack up stellar financial performance. Even more exceptional is when the company in question is not an upstart with a unique new angle on a mature industry, or some low-cost producer from Asia, but rather a venerable U.S. institution steeped in tradition. For these reasons, Steinway Musical Instruments is the ...
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