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The Something Awful Forums > The Finer Arts > No More Drake > Musician's Lounge > Watch for going out of business sales at Guitar Centers
 
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Hollis Brownsound
Apr 2, 2009

by Lowtax

Wulfolme posted:

Most of the story, with links to details if you're interested:
http://www.forbes.com/sites/bobbyowsinski/2015/05/11/more-evidence-of-big-changes-coming-to-guitar-center/

In case you haven't kept an eye on any of this, Guitar Center is walking a path that smells a lot like Circuit City's final days. The number being thrown around is that sales commissions have been cut by 75%. I can tell you that the one in my town has been getting sadder by the month and it won't be a surprise when it goes. Might get a good opportunity to nab something on the cheap when they liquidate.

I've heard from several of my distributors that they are pretty much done. The amount of sales calls I get now is insane, with vendors that see the writing in the wall and jumping ship.

* # ¿ May 24, 2015 22:46
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# ¿ May 15, 2024 07:56
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Hollis Brownsound
Apr 2, 2009

by Lowtax

The Gasmask posted:

E: not sad at all about GC circling the drain. I've been watching this since the Bain deal, and I honestly expected it to happen sooner. Used to work at East Coast Music Mall, the Ed Roman founded shop, and when that went under a bunch of people jumped ship to GC. Don't think any of them are still working there...

My Biggest problem with Guitar Center is that they drove mom and pops out of business that had viable strategies. Guitar Center blew everyone up because they had a poo poo load of cash behind them but no way to actually turn a profit.

* # ¿ Jul 18, 2015 18:00
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The Something Awful Forums > The Finer Arts > No More Drake > Musician's Lounge > Watch for going out of business sales at Guitar Centers