Steinway sons annual report

The sales managers are also responsible for promoting the Piano Bank and Steinway Artist programs described below. The Company employs district sales managers, whose responsibilities include developing close working partnerships with domestic and international piano dealers.

These pianos, which are designed by Steinway and produced by Asian manufacturers, provide Steinway dealers with an opportunity to realize better margins in this price range while capturing sales that would have otherwise gone to a competitor.

Steinway pianos differ from all others in design specifications, materials used and the assembly process. The Piano Bank includes approximately instruments worldwide.

Components are primarily imported from Europe and Asia and assembled at factories in Cleveland, Ohio and Elkhart, Indiana.

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The remaining 1, units were shipped from its German facility to various countries in Europe and Asia. The Concert and Artist Piano Bank. The New York manufacturing facility supplies dealers in North and Latin America, while the Hamburg plant manufactures pianos for sale through dealers in Europe, Africa and Asia.

Band, orchestral and percussion instruments and related accessories are distributed worldwide through approximately 1, independent musical instrument dealers and distributors. Steinway does not pay artists to endorse its instruments.

The Band Instrument Divisions manufacture brasswind and woodwind instruments, including piccolos, flutes, clarinets, oboes, bassoons, saxophones, trumpets, cornets, and trombones at facilities in Elkhart, Indiana, Eastlake, Ohio and Nogales, Arizona.

These pianos provide an alternative product for future Steinway grand piano customers, since Company research indicates that the vast majority of Steinway customers have previously owned another piano. The Selmer Paris saxophone is generally considered to be one of the best in the world.

The line was introduced to provide a broader product offering for dealers and provide an entry-level product for future Steinway grand piano customers. Band directors will generally refer students to designated dealers for the purchase of instruments.

This form of marketing has helped solidify brand-name recognition as well as clearly demonstrate that Steinway pianos surpass all other brands in quality. The Piano Bank instruments, which have an average age of four years, are generally sold after five years and replaced with new pianos.

Since the average age of the instruments in the Piano Bank is less than 4 years, Steinway receives continuous feedback on recently produced instruments. These individuals are the primary influence in the choice of an instrument brand. Steinway Artists play only on Steinway.

Virtually all major venues throughout the world own a Steinway piano. The most effective of these is the " Steinway Artists " program - the endorsement of world class pianists who voluntarily select the Steinway piano.

Steinway Musical Instruments, Inc.

In New York City, the Steinway concert department has approximately concert grands available for various occasions. In New York City, the Steinway concert department has approximately concert grands available for various occasions.

Steinway also provides services, such as restoration, repair, replacement part sales, tuning and regulation of pianos, at locations in New York, London, Hamburg and Berlin.

Management believes that its well-established, long-standing relationships with these influential music educators are an important component of its distribution strategy. The Boston and Essex piano lines are targeted at the mid-priced segment of the market.The Steinway & Sons grand piano is considered to be the highest quality piano in the world and has one of the most widely recognized and prestigious brand names.

For more than a century, the Steinway concert grand has been the piano of choice for the world’s greatest and most popular pianists.

Steinway & Sons doesn't have any recent trademark applications, indicating Steinway & Sons is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans. Sep 15,  · Steinway & Sons was founded in and is based in Long Island City, New York.

It has retail locations in London, United Kingdom; San Francisco, California; New York, New York; Tokyo, Japan; Shanghai, China; and Hamburg, killarney10mile.comon: 1 Steinway Place Long Island City, NY United States.

INDEPENDENT AUDITORS' REPORT To the Board of Directors and Stockholders of Steinway Musical Instruments, Inc. We have audited the accompanying consolidated financial statements of Steinway Musical Instruments, Inc.

and subsidiaries as of December 31, and and for each of the three years in the period ended. Steinway & Sons grand pianos are premium pianos in terms of quality and price, with retail prices for ebony pianos generally ranging from $56, to $, in the United States.

Limited e dition pianos and pianos with special veneers sell for retail prices of. Recommendations for Steinway & Sons: Product: Steinway’s main product was the Grand piano which is handcrafted and typically takes around two years to produce.

Due to the intricate and long process of producing the Grand pianos, the company was able to produce on average, only pianos in a given year.

Steinway sons annual report
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