Achtung! Guitar Center is toast

[Danhedonia]

My trust level of anything Sweetwater < a snake's belly

 

[mystixboi1]

Also... if Guitar Center closes...

... @mystixboi1 will have to buy and sell his guitars even quicker...


... because no one will be around to change John’s guitar strings. (I kid, I kid... a bit. )

i just sell the guitar before changing strings

 

[jp_nyc]

Looks like Guitar Center is finally going to declare bankruptcy after they missing a $45 million interest payment. I assume that it will be a chapter 11 so they can get rid of their 1.3 billion dollars of debt and get out of leases on unprofitable stores.

 

[bsman]

Geez, GC has filed for bankruptcy more times than a certain guy whose name escapes me...

FYI, my mail order business lately has mostly been American Musical, ProAudioStar, and Strings and Beyond. I haven't wandered into my local GC for quite a while.

 

[Bob411]

I was wondering why MF was selling GC's used gear.

 

[bsman]

I was wondering why MF was selling GC's used gear.

Remember a few weeks ago MF's SDOTD was a wired keyboard and mouse combo? Probably stuff from the GC office supply closets!

 

[Help!I'maRock!]

Looks like Guitar Center is finally going to declare bankruptcy after they missing a $45 million interest payment. I assume that it will be a chapter 11 so they can get rid of their 1.3 billion dollars of debt and get out of leases on unprofitable stores.

Golden parachutes for some, unemployment for others. Yay capitalism.

 

[Tralfaz]

I bought a case from GC a few weeks ago, so maybe that'll help.

 

[Gary Blanchard]

I bought a case from GC a few weeks ago, so maybe that'll help.

I sold them some stuff a few weeks ago. I might have put the final nail in the coffin...

 

[Denverdave]

I went in the the local GC back in July to buy a case. Their electric guitar inventory was terrible. At best the guitar wall was 1/2 full. While I am no fan of GC, there are fewer and fewer places to actually play a physical guitar in person prior to purchase, and amps, etc. That is not a good thing.

 

[Chicken Man]

I went in the the local GC back in July to buy a case. Their electric guitar inventory was terrible. At best the guitar wall was 1/2 full. While I am no fan of GC, there are fewer and fewer places to actually play a physical guitar in person prior to purchase, and amps, etc. That is not a good thing.

Right, but that's largely their fault.

 

[MIJ fan]

OMG, GC is going down .......cry me a river ......crocodile tears ........

 

[Gary Blanchard]

Then too, I have seen variations on this thread for the past ten years...

 

[shoeless]

If/when GC goes under, who is going to sell Gibsons? Do they still have that $150,000 minimum purchase requirement for their authorized dealers? Not many local music shops will be able to do that.

 

[Peen Simmons]

If/when GC goes under, who is going to sell Gibsons? Do they still have that $150,000 minimum purchase requirement for their authorized dealers? Not many local music shops will be able to do that.

Might not be an issue. I believe the world’s most authentic guitar brand is in a bit of a crunch because they haven’t been able to keep up with demand during the pandemic guitar boom.

 

[sleewell]

 

[Flamencology]

One of my favourite lapel pins! Fuck the flag!