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Retailers look to rich relatives to help set up shop - retail industry financing - Special Report: Banks and Finance - ... (923 words) |
 | Lenders are looking at each retailer on a case-by-case basis rather than at the performance of the industry as a whole, he noted. |
| The first is the retailer's track record, the second is the retailer's profit, and the third is retailer's secondary sources of payment, which could include assets like inventory or property. |
| Since most small retailers lease their space, and in the case of a loan default are not making payments to their landlords, the landlords often hold the inventory ransom for the rent and refuse banks access to it, James explained. |
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| A common example is where a record label and record retailer split costs of local newspaper ads to tout the availability of the label’s new album releases at the retailer’s locations. |
| Retail Price – The price charged to consumers for products and services, which may or may not be the same as list price (the price suggested by a product’s manufacturer, which a dealer may raise or lower at discretion). |
| The common record industry practice of consignment sales (allowing retailers and distributors to return unsold product, resulting in significant quantities of product coming back to the record company, for which no royalties are payable) requires record companies to set up a reserve fund for each artist’s royalty account. |
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