Bluegrass Business News–Deering Banjos Having Record Year!

Image634962501553830041In a news story reported in the L.A. Times, The Deering Banjo Company from Spring Valley, California is having a record year expecting to top $4 Million in sales for the fiscal year ending June 30th, 2013.

In 1997 the company hit the million dollar mark in sales for the first time and up until now, 2006 has been the record year at $3.9 Million.

Recessionary spending by consumers and foreign competition from China are credited with causing a sales slump down to $2.4 million in 2009.

Read the full Story.

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