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Unread 10-04-2012, 07:15 PM   #1
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Guitar Center Going Bankrupt?

Daily Kos: Bain Capital's "Guitar Center" going down fast

Did not even know that Bain capital had acquired guitar center. Should this actually be true I can't say that I'm sad to see the "Wal-Mart" of music go down. What are your thoughts on this?

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Unread 10-04-2012, 07:21 PM   #2
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Good riddance.

Too bad they'll probably just reorganize and keep going.

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Liberty has always come from the subjects of it.
The history of liberty is a history of resistance.
- Woodrow Wilson
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Unread 10-04-2012, 07:39 PM   #3
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Well ,y mother works for chase and is currently seeking employment within the company because she is being laid off, and my step dad works for guitar center. If people start getting fired to recoup losses or are just plain scraped my family will be in a pretty bad situation.

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Unread 10-04-2012, 07:43 PM   #4
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Hopefully next on the list will be clear channel. I hate how much these businesses have controlled the music world in the last few decades.
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Unread 10-04-2012, 07:44 PM   #5
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Well ,y mother works for chase and is currently seeking employment within the company because she is being laid off, and my step dad works for guitar center. If people start getting fired to recoup losses or are just plain scraped my family will be in a pretty bad situation.
Sorry to hear about that, man.

Honestly, I don't see them closing their doors.

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Unread 10-04-2012, 07:44 PM   #6
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My friends who work for Sam Ash would be happy. They don't much like the Guitar Center strategy of "set up a GC right across the street from a Sam Ash."

Also, Sam Ash is privately held by the founding family, which limits the amount of financial risk they can really take. GC's got a bit more leeway to play with debt.
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Unread 10-04-2012, 07:58 PM   #7
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Well, that sucks. They literally just opened a store 10 minutes away from me, I've enjoyed dropping in and trying out amps.
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Accept the consequence of risk
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Unread 10-04-2012, 08:04 PM   #8
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My friends who work for Sam Ash would be happy. They don't much like the Guitar Center strategy of "set up a GC right across the street from a Sam Ash."
They did that as soon as Sam Ash bought out the Mars Music by me. They were probably 3 exits down. As soon as SA opened, GC made the move to the same outlet complex. Such a bullshit tactic. I never shop GC anyways.

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Unread 10-04-2012, 08:10 PM   #9
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Guitar Center bought out the Mars music in Nashville. haha.


This going out of business thing is not new news. They have been struggling with this for quite some time.
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Unread 10-04-2012, 09:01 PM   #10
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I hope it dies. I do all my guitar music shopping at a little local place where I'm friends with all the employees and stuff. When I'm bored I just go there and chill.
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Unread 10-04-2012, 09:05 PM   #11
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Bittersweet thing really. Some of the guitar centers in the area have some monumentally amazing gear. If they go under, I'll really miss their used section too. Some seriously amazing deals happened there.
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Unread 10-04-2012, 09:21 PM   #12
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I don't know what to see really, it seems impossible that Guitar Center would be folding. I hate that employees work for commission, a music equipment store should not be run like a car dealership. I guess I'm indifferent since for everything I think is great about guitar center I can think of just as many bad things.

"You don't need a DI, I've got these radioshack 1/4" to XLR adaptors, just go straight into the splitter"

"Hey where are the DMX connections for those load cells? Those connect to the Grand MA 2 right?"

"I saved the night by adjusting the parabolic gain and flattening the graphic EQ"

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Unread 10-04-2012, 09:23 PM   #13
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Quote:
Originally Posted by flexkill View Post
Guitar Center bought out the Mars music in Nashville. haha.


This going out of business thing is not new news. They have been struggling with this for quite some time.
We had a mars music here in St.Louis and it was pretty sweet. It be dead naow.

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Unread 10-04-2012, 10:01 PM   #14
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Sam Ash is layed out so much nicer in Ohio and has real gear to try out, not just isles and isles of cheap combos. Its just a pain cause its much further away in Mayfield and the opposite direction from home when I wanna hit sumn on the way outta work. Whenever I go to Microcenter I make sure I go around the block to them, however.
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Unread 10-04-2012, 10:04 PM   #15
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Quote:
Originally Posted by TemjinStrife View Post
the Guitar Center strategy of "set up a GC right across the street from a Sam Ash."
....ING THIS!

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Unread 10-04-2012, 10:22 PM   #16
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This is... interesting
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Unread 10-04-2012, 10:28 PM   #17
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Hopefully next on the list will be clear channel. I hate how much these businesses have controlled the music world in the last few decades.
This x1,000,000,000

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Unread 10-04-2012, 10:28 PM   #18
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I hope not honestly.
GC terre haute is the only place around here that keeps a good stock.
I don't go there often, but it's nice sometimes to swing by and check things out hands on.
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Unread 10-04-2012, 10:33 PM   #19
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Used Gear GC prices.....oh shit, please no, Im gonna miss that




(seriously, I can buy gear for 1/4 of the price in relation with Chile)

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Unread 10-04-2012, 10:54 PM   #20
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How the hell are they going out of business?!?! This sucks, because that means guitar prices will inevitably raise... some of you may not like GC, but they definitely have the volume to help keep prices low....
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Unread 10-04-2012, 10:59 PM   #21
 
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Everybody is either going custom or Rondo/Agile, plus Axe Fx cant be found at Guitar Center, so they aren't selling guitars, effects pedals and amps like they used to. Also, with the internet/ebay/craigslist theres way more places to buy stuff either used or they all price match. I could go on and on and really have no idea where it went wrong but thats where I would start.
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Unread 10-04-2012, 11:49 PM   #22
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Almost everybody on this forum is either going custom or Rondo/Agile, plus Axe Fx cant be found at Guitar Center, so they aren't selling guitars, effects pedals and amps like they used to.
Fixed that for you.

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Unread 10-05-2012, 12:10 AM   #23
plays in 69/42
 
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sounds a lot like what has happend to Allans stores here. good riddance.

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being black and enjoying watermelon, i think this thread needs more watermelon.
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Unread 10-05-2012, 12:42 AM   #24
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I doubt the lack of an AxeFx II would cause GC to go bankrupt. Perhaps people are tired of crap gear being pawned off on them as "slamming, crushing and brewtal". Just saying...
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Unread 10-05-2012, 12:49 AM   #25
plays in 69/42
 
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or perhaps people just don't appreciate pushy, judgmental salespeople
again, this is going off my understanding that GC is similar to Allans
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...Each guitarist has an evil fat 40 year old blueswankler trying to get out, If you give in to temptation you'll be sitting next to a fender playing john lee hooker while trying to keep your combover in place.

-Desecrated

being black and enjoying watermelon, i think this thread needs more watermelon.
budda
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