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Guitar Center files for bankruptcy - <insert funeral march music here>

 
Anonymous Coward
User ID: 79578167
Canada
11/22/2020 07:32 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
Anonymous Coward
User ID: 79578167
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11/22/2020 07:34 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
I was going to say local stores could benefit but then I realized guitar center put out half of them and there aren’t anymore shows. This makes me really sick.
Anonymous
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11/22/2020 07:39 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
Sad.
derpvader

User ID: 28335655
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11/22/2020 07:42 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>

Ramen!The other white meat..
Anonymous Coward
User ID: 73975753
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11/22/2020 08:06 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
Gonna go get a deal on a nice Les Paul
 Quoting: brian frees


Where you going to go play it?

Answer: home, alone
 Quoting: bootobin


I know some dudes who are re-forming bands at this point, to meet for practice / rehearsal / song writing sessions.

People are losing fear of the scamdemic.
 Quoting: Butch DeFeo


Good to hear but it still comes down to government control. And that means no public venues for bands right now.

And Trump is looking pretty weak.
Anonymous Coward
User ID: 62593796
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11/22/2020 08:10 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
On a side note Bongo Center is seeing record profits.

God bless the shithole
Anonymous Coward
User ID: 78632152
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11/22/2020 08:24 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
sweetwater sound ftw
 Quoting: Naked Sun


:JAY: FUKK GUITAR SHITTER
 Quoting: HO LEE FUKK


Anonymous Coward
User ID: 79654204
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11/22/2020 08:40 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
How the fuck do you go 300 mil in the hole selling cheap noise makers?
Anonymous Coward
User ID: 21096826
United States
11/22/2020 08:51 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said in a statement.

Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company.

The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities.

[link to www.foxbusiness.com (secure)]
 Quoting: AggregateThreat


MEH-kitty
Anonymous Coward
User ID: 77003261
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11/22/2020 09:03 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
I was going to say local stores could benefit but then I realized guitar center put out half of them and there aren’t anymore shows. This makes me really sick.
 Quoting: Anonymous Coward 79578167


yeah man

its like now that commie guitar center is done for the music is officially done for
PhewToo

User ID: 79635011
United Kingdom
11/22/2020 09:15 PM

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Re: Guitar Center files for bankruptcy - <insert funeral march music here>

A desire to remain outside of the media game show is necessary if one wishes to retain independence of thoughts and actions.
Anonymous Coward
User ID: 72453342
United States
11/22/2020 09:30 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
GC has been shite for a long time. Websites like reverb have changed the game when it comes to buying new and used gear and allowed small mom and pop vendors to sell to all over the world. Sure, the music industry has killed off rock n roll but people are still buying guitars now more than ever. I thought this virus would cause a glut of used cheap gear to hit the market but I was wrong, more people are bored at home and are buying guitars like they are going out of style. Used vintage guitars have never been more valuable
Leverlock

User ID: 79207923
United States
11/22/2020 09:31 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
.

Guitar Center used cut throat tactics to drive their large competitors (like Mars) out of business as well as undercut all the local mom and pop music stores forcing many to close. Renting brass instruments to schools is the only thing that kept 2 of the independent local shops going.
Guitar Center has been in bankruptcy for many years and have ruined many small companies because of it.
This new bankruptcy filing has the potential to ruin many large companies.
They will continue to operate after fucking their debtors.
They will not be offering any (deals).

post script: Gibson and Fender suck. Low hanging fruit. Instruments for the unwashed masses. The proles. They pioneered many innovations in the 50's and 60's but they have sold out to poor quality and unwarranted prices. Bolt on necks and glued in necks are for the novice. Sell them all and buy one good neck-thru.

FACT: Slash plays Gibson Les Pauls. Gibson gives him free guitars and pays him to do so. He uses that money to buy other brands, haha.

.
Nothing in this life that I've been trying can equal or surpass the art of dying.
BimboDickens

User ID: 79433693
United States
11/22/2020 09:39 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said in a statement.

Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company.

The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities.

[link to www.foxbusiness.com (secure)]
 Quoting: AggregateThreat


They are way over priced and never have my guitar strings in stock.

I always end up going to Musician's Friend dot com
 Quoting: Anonymous Coward 78831082


Musician's Friend is Guitar Center.

Edit: Disregard. Already addressed upthread.

Last Edited by Bimbo Dickens on 11/22/2020 09:46 PM
MrReality

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11/22/2020 09:43 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>

[link to www.youtube.com (secure)]
wmMmw
BimboDickens

User ID: 79433693
United States
11/22/2020 09:45 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
.

Guitar Center used cut throat tactics to drive their large competitors (like Mars) out of business as well as undercut all the local mom and pop music stores forcing many to close. Renting brass instruments to schools is the only thing that kept 2 of the independent local shops going.
Guitar Center has been in bankruptcy for many years and have ruined many small companies because of it.
This new bankruptcy filing has the potential to ruin many large companies.
They will continue to operate after fucking their debtors.
They will not be offering any (deals).

post script: Gibson and Fender suck. Low hanging fruit. Instruments for the unwashed masses. The proles. They pioneered many innovations in the 50's and 60's but they have sold out to poor quality and unwarranted prices. Bolt on necks and glued in necks are for the novice. Sell them all and buy one good neck-thru.

FACT: Slash plays Gibson Les Pauls. Gibson gives him free guitars and pays him to do so. He uses that money to buy other brands, haha.

.
 Quoting: Leverlock


I've been playing 12 string acoustic most of my life, but when I was buying my first Les Paul, on the recommendation of a pro, I opted for the Epiphone Classic over the Gibson. Every bit of the guitar for half the money is what he said. So far, so good.
Wayfaring Stranger

User ID: 79139945
Canada
11/22/2020 09:47 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
Best version all things considered.
Beyond

User ID: 72715753
United States
11/30/2020 01:07 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
I read that the guitar companies are profiting better than ever because of the coronavirus forcing everyone to stay at home. So, sorry to hear that but I like small shops anyways as opposed to chain store style. Either way, with or without GC guitar and rock music will survive.
Not anutter cig nature.
Beyond

User ID: 72715753
United States
11/30/2020 01:11 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
I dont own a guitar or bass right now but when I finally do purchase a new one, probably a few more years down the road, I decided to go with Gibson. I want an acoustic bass don't know what brand yet, maybe buy a home made one of a kind.
Not anutter cig nature.
Beyond

User ID: 72715753
United States
11/30/2020 01:14 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
I know this guy who never played a public show and hasn't played in years either. People actually threatened his life for not wasting his money on a new guitar, trouble is he has nowhere safe to store it even if he wanted one. He told me that I guess the logic is that when he first learned to play guitar they didn't tell him that learning how to play would someday endanger his life so he said if he knew that he wouldn't have learned to play at all. Funny story, true.

Maybe they should put a warning sticker on the guitars that says, "Learning how to play this thing may endanger your life."

I thought it was a way to pass the time and entertain yourself and others. Guess I was wrong.

I wonder what they say to him, something like, "Entertain us or we'll kill you!!!" Sounds nuts. If they really want him to play that badly maybe they should offer him money and not threaten his life. You know, use motivation not terrorism.

Last Edited by Bankroll on 11/30/2020 01:32 PM
Not anutter cig nature.
Anonymous Coward
User ID: 79598331
Canada
11/30/2020 01:28 PM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
Good, i miss the old family owned music stores.
Beyond

User ID: 74739741
United States
12/01/2020 11:39 AM
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Re: Guitar Center files for bankruptcy - <insert funeral march music here>
Good, i miss the old family owned music stores.
 Quoting: Anonymous Coward 79598331


I noticed few if any people care that CG goes belly up. I am sort of indifferent about this. CG is convenient and caters to a particular type of consumer. Most musicians with similar mindsets to me prefer the small shops. Whatever. I'm not against them but not all that excited about them either.
Not anutter cig nature.





GLP