Press release from Business Wire
GE Capital Supports Music Industry at The NAMM Show
Tuesday, January 22, 2013
GE Capital Supports Music Industry at The NAMM Show08:00 EST Tuesday, January 22, 2013
CHICAGO (Business Wire) -- 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, go to http://www.namm.org/thenammshow/2013.
For more than 15 years and through all business and economic cycles, CDF
has supported the music instrument industry with financing programs that
enable dealers to stock a broad selection of products. Inventory
financing, also known as floorplan financing, is an important element of
a successful manufacturer-dealer business model. Manufacturers benefit
from enhanced product flow and increased sales opportunities, while
dealers obtain improved terms and credit availability.
To learn more about the ways CDF helps customers manage their inventory
and to get access to exclusive industry intelligence, dealers can speak
with a CDF representative by calling 800-451-5944 or visiting the CDF
web site: http://www.gecdf.com/home.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided nearly $31 billion
in financing for more than 40,000 manufacturers, dealers and
distributors across North America in 2012. Programs include inventory
and accounts receivable financing, asset-based lending, private label
financing, collateral management and related financial products.
Customers have access to exclusive online tools and analytics to manage
their accounts and inventory. For more information, visit http://www.gecdf.com/
or follow company news via Twitter (https://twitter.com/GEInventoryFin).
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (https://twitter.com/GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
GE Capital, AmericasLisa Tibbitts, 203-956-4582lisa.tibbitts@ge.com
