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Guitar Center files for Bankruptcy

Posted on 11/25/20 at 11:19 pm
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
48769 posts
Posted on 11/25/20 at 11:19 pm
LINK
quote:

America’s largest retailer of musical instruments and gear filed for Chapter 11 bankruptcy over the weekend, in a plan to drastically reduce its current debt of approximately $1.3 billion by $800 million, Reuters reported.
Posted by lazy
Member since Jun 2020
1594 posts
Posted on 11/25/20 at 11:51 pm to
They were struggling before covid. Kids don't want to work to play music when they can just create some digital beats.
Posted by AmosMosesAndTwins
Lake Charles
Member since Apr 2010
17886 posts
Posted on 11/26/20 at 6:30 am to
Have always felt this niche is somewhat unsuited for big box, specifically GC. I’ve been playing for 20 years and have never entered a GC nor purchased anything. Don’t see the appeal of going to a mall every time I need strings with crazy markup.
Posted by Arthur Bach
Member since Jul 2016
1975 posts
Posted on 11/26/20 at 6:48 am to
I went into Guitar Center a few months ago to look for a potential guitar on the low end. I was looking at an SG and some others like it and the guy tells me unless I’m buying a guitar that day, he isn’t letting me play it. This is after he got annoyed with me asking something specific about guitar necks and brands. He says this next to the signs that says you can play them bc they clean them afterwards, etc. so I just peaced. Walked out right when he said it, said to myself I’d never give them my business

Went to Sam Ash, guy helps me out with all kinds of questions, played on a few guitars, answers all my questions and I buy a guitar and amp.

Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 11/26/20 at 7:24 am to
I about shite a brick when a new Guitar Center opened in my city last fall. I thought they were on their last legs 5 years ago, couldn't believe they were still opening B&M locations.
Posted by SidewalkTiger
Midwest, USA
Member since Dec 2019
52183 posts
Posted on 11/26/20 at 9:25 am to
Even before Covid, the one in my town started locking up all the high quality stuff so I just go to local shops where they'll let you play D45s, Bourgeois, and $8k Taylors
Posted by kingbob
Sorrento, LA
Member since Nov 2010
66968 posts
Posted on 11/26/20 at 9:45 am to
Guitar Center bought up all of the local competitors around Baton Rouge, so they’re the only game in town. Their repair shop sucks, and is always slow and backed up. During Covid, they wouldn’t allow more than like 3 people in the store at a time, so you’d have to que up outside and wait in line for an hour in the sun before you could come in, then you couldn’t try anything to decide what you wanted, only grab what you came for and GTFO. F$&k them. I go to Guitar Center specifically because I DON’T know exactly what I want, and I need to try out a few options before I decide what to buy, or because I need something that day. If I knew what I wanted, I’d buy online. If I need something that day, I probably can’t afford to wait in line for an hour just to get inside.

I’m hoping that guitar center gets bought out and survives in some brick and mortar form, because otherwise, they will literally leave a giant void in the music supply market in my area. I’m also concerned that a guitar center bankruptcy court drag down Fender and many other great brands with it. However, I do hope that bankruptcy results in me being able to pick up a bunch of merchandise for cheap. I would love to be able to score a really nice acoustic electric with a cutaway, a 12 string, a baritone guitar, a big seminhollow-body gresch, shite ton of high end effects pedals, etc for cheap.
This post was edited on 11/26/20 at 9:47 am
Posted by SidewalkTiger
Midwest, USA
Member since Dec 2019
52183 posts
Posted on 11/26/20 at 9:51 am to
quote:

I’m hoping that guitar center gets bought out and survives in some brick and mortar form, because otherwise, they will literally leave a giant void in the music supply market in my area.


Then local shops would open to fill the void
Posted by kingbob
Sorrento, LA
Member since Nov 2010
66968 posts
Posted on 11/26/20 at 9:52 am to
They bought all the local shops. If gc goes down, so do they.
This post was edited on 11/26/20 at 9:53 am
Posted by SidewalkTiger
Midwest, USA
Member since Dec 2019
52183 posts
Posted on 11/26/20 at 10:00 am to
But I'm saying new local shops would start to fill the void.
Posted by schismatic
Member since Oct 2020
64 posts
Posted on 11/26/20 at 10:58 am to
good!! guitar center can suck a fat dick!!
Posted by johnqpublic
Right here
Member since Oct 2017
610 posts
Posted on 11/26/20 at 11:20 am to
quote:

They were struggling before covid. Kids don't want to work to play music when they can just create some digital beats.



Counterpoint:
LINK /

This has more to do with the debt GC has been saddled with for years. At this point, they aren't going under. This version of bankruptcy provides some protection from creditors so they can reorganize and have a chance to survive.

They do need to make some big changes in their business for sure. I expect them to close a lot of stores and consolidate them. I live in West Los Angeles and there are TEN GCs within 30 miles of me. I won't be surprised if 5 or more close as part of the reorganization.
Posted by MondayMorningMarch
Pumping Sunshine. She's cute!
Member since Dec 2006
16823 posts
Posted on 11/26/20 at 12:49 pm to
I miss the mom and pop gittar shops the GC ran out of business. I hope the ones that managed to stay open will thrive now.
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
48769 posts
Posted on 11/26/20 at 3:04 pm to
quote:

They bought all the local shops. If gc goes down, so do they.

Nah..instruments will make a comeback.




FretShack moves into numero uno
This post was edited on 11/26/20 at 3:25 pm
Posted by TheFretShack
Member since Oct 2015
1234 posts
Posted on 11/26/20 at 7:22 pm to
** blushing **
Posted by BorrisMart
La
Member since Jul 2020
8810 posts
Posted on 11/26/20 at 7:52 pm to
Yeh, I have heard good things about the Fret Shack from friends in BR. Unfortunately, I don't live there anymore. Fill that void baw.
Posted by monsterballads
Make LSU Great Again
Member since Jun 2013
29257 posts
Posted on 11/26/20 at 9:15 pm to
If you’re not taking your guitars and basses to the fret shack you’re fricking up
Posted by Srbtiger06
Member since Apr 2006
28250 posts
Posted on 11/26/20 at 9:45 pm to
quote:

I went into Guitar Center a few months ago to look for a potential guitar on the low end. I was looking at an SG and some others like it and the guy tells me unless I’m buying a guitar that day,


Not unique to GC. One of our local shops pulled the same shite on me of a PRS Santana SE like 15 years ago. Had the money in my pocket and showed him after he gave me shite. Ended up buying from Musician's Friend.

I try to shop and buy local but frick them. One of the other guitar shops we had was ridiculously helpful when I bought an amp a couple years later. shite seriously comes down to employees.
Posted by Srbtiger06
Member since Apr 2006
28250 posts
Posted on 11/26/20 at 9:46 pm to
quote:

If you’re not taking your guitars and basses to the fret shack you’re fricking up



I'd fricking love to. Unfortunately I'm a couple hours away. We had a GREAT guy here but he retired 3 years ago.
Posted by Pvt Hudson
Member since Jan 2013
3530 posts
Posted on 11/28/20 at 8:58 am to
I live in NW Houston and I like the local GC. Daughter (no pics) takes lessons from a really good teacher that’s helped her make incredible progress, and they set up “recitals” to let the kids play that are tons of fun.

They are pretty cool about letting you play with stuff as long as you put it back and aren’t banging it around or cranking the amps up to 10. Their used selection turns over pretty quick and always seems to have something interesting, rare or exotic.

They went way overboard with the Covid crap and lessons haven’t been in person since April - thus I haven’t set foot in the store. I hope they get back to normal. It was one place I looked forward to going to each week.
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