It's what you would expect: years of losses, many competing sources for sheet music, a second generation without the business skills of the first. The old saw - what counts is location, location, location -no longer works in the new economy. And Patelson's, around the corner from Carnegie Hall, has the best location.
I purchased a lot of music at Patelson's between about 1971 and 1982, and I imagine music students living in NYC bought even more. Being able to browse the stock was eye-opening. You mean flute players can do that?
Goodbye, and thanks.