Music Trades July 2017 : Cover1 JULY 2017 $3.00 SUMMER NAMM SPECIAL THOMANN’S BIG GROWTH INVESTMENT Europe’s Top Retailer Builds A $70 Mil. Automated Warehouse Commission rate on guitars halved in response to stepped -up competition + THE STORY OF YAMAHA BAND From obscurity to market leadership in 50 years NEW RETAIL STRATEGIES Replay Guitar Exchange and Portsmouth Drum Center chart paths to success + MUSIC LINK AT 20 Adapting to changing realities in the U.S. market + MUST-SEE PRODUCTS A preview of what to expect at the Nashville show

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