Sweetwater Touts Record Year

Posted: Updated:
Sweetwater broke ground on a $76 million expansion in October. (photo courtesy of Governor Eric Holcomb's office) Sweetwater broke ground on a $76 million expansion in October. (photo courtesy of Governor Eric Holcomb's office)
FORT WAYNE -

Fort Wayne-based Sweetwater is celebrating another record year in 2018. The online music retailer says total sales reached $725 million, a 17 percent increase over the previous record-breaking year.

Sweetwater says its also added nearly 400 employees during the same time period. About 40 percent of employees are being hired from outside of the Fort Wayne area.

"We are proud to bring so many talented workers to Sweetwater and for them to make Fort Wayne their home," said Jeff McDonald, senior vice president of human resources, said in a news release. "It's clear that Sweetwater has become an employer of choice, allowing us to attract the best and brightest to our outstanding campus."

Sweetwater says its annual total sales have increased between 17 percent and 28 percent every year since 2010. Additionally, the number of students to take lessons at the Sweetwater Academy increased from 700 in 2017 to 850 in 20198, logging more than 14,000 hours of instruction.

Last year, the company announced a $76 million expansion project, including a 350,000-square-foot warehouse and 30,000-square-foot event center, that would create 1,000 jobs over five years. Construction on the project is underway and Sweetwater expects both buildings to be operational by 2020.

  • Perspectives

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    • Purdue to Open Chick-Fil-A Amid Protests

      Citing overwhelming demand for Chick-fil-A’s food and services, Purdue University has announced it will allow the restaurant to open on campus. The university has been at the center of a debate over the Georgia-based food chain. 

    • (image courtesy of Pixabay/NIkolay Frolochkin

      State Revenue Ticks Higher in August

      Indiana revenue in August exceeded projections by nearly four percent. The Indiana State Budget Agency reports General Revenue funds last month hit $1.1 billion, 3.8 percent above projections. Sales tax revenue came in higher than anticipated at $693 million, more than three percent higher.

    • Photo courtesy of Indianapolis Motor Speedway

      Red Bull to Discontinue Air Race World Championship

      The Red Bull Air Race at the Indianapolis Motor Speedway, originally scheduled for October, has been canceled as a result of Red Bull's decision to discontinue the Air Race World Championship following the 2019 season. The company says the races scheduled between June and September in Russia, Hungary and Japan will run as planned. 

    • (Provided Photo/ALOM Technologies)

      ALOM CEO: Indy 'One of Our Biggest Successes'

      The chief executive officer of California-based ALOM says in the two years since opening a fulfillment and distribution hub in Indianapolis, the facility has been one of the company's biggest successes. The supply chain management company this week cut the ribbon on its expanded 160,000-square-foot facility, which Hannah Kain says will lead to continued growth in Indy. When the project was first announced earlier this year, ALOM said it would increase employment by 25%.