Charlotte Gallagher

And I've had about 10 customers in North America.

So retail stores go out of business in the last year.

There's definitely some really challenging headwinds for our industry.

Supply chain issues and tariffs.

So for us in the U.S., it's components and things coming in.

And for a brand, a European brand like Hofner, I'm sure they're having difficulty reaching the market, having additional tariffs on everything coming in.

On top of that, consumer spending is shifting, especially those spending on non-essentials.

There's also been a correction in the market since the pandemic.

During the pandemic, people were buying a lot of instruments and accessories because they were at home.

You have one and you keep it forever.

Another thing is that, you

There's a lot more electronic music or other ways of making music, and it could reduce the demand for traditional string instruments.

That was Julie Robbins.

And that's all from us for now, but there will be a new edition of the Global News Podcast later.

If you want to comment on this podcast or the topics covered in it, you can send us an email.

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This edition was mixed by Chris Lovelock and the producers were Stephanie Zachrisson and Chantal Hartle.

The editor is Karen Martin.