Guitar Center Going Bankrupt?

Discussion in 'Off-Topic' started by Hendrix, Oct 4, 2012.

  1. Hendrix

    Hendrix The Roadie Contributor

    Messages:
    300
    Likes Received:
    30
    Joined:
    Mar 8, 2009
    Location:
    Pittsburgh, PA
    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?
     
  2. Chickenhawk

    Chickenhawk A Bad Idea Contributor

    Messages:
    4,098
    Likes Received:
    647
    Joined:
    Jan 13, 2010
    Location:
    Misery
    Good riddance.

    Too bad they'll probably just reorganize and keep going.
     
  3. Sephiroth952

    Sephiroth952 Ibby Fanboy

    Messages:
    1,019
    Likes Received:
    153
    Joined:
    Jan 1, 2010
    Location:
    Dallas,TX
    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.
     
  4. SpaceDock

    SpaceDock Shred till your dead

    Messages:
    2,614
    Likes Received:
    418
    Joined:
    Apr 12, 2009
    Location:
    Windsor, CO
    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.
     
  5. Chickenhawk

    Chickenhawk A Bad Idea Contributor

    Messages:
    4,098
    Likes Received:
    647
    Joined:
    Jan 13, 2010
    Location:
    Misery
    Sorry to hear about that, man.

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

    TemjinStrife Power Metal Cellist

    Messages:
    5,104
    Likes Received:
    471
    Joined:
    Dec 18, 2007
    Location:
    Manhattan, NY
    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.
     
  7. Lagtastic

    Lagtastic Five Align

    Messages:
    870
    Likes Received:
    127
    Joined:
    May 2, 2011
    Location:
    Earth
    Well, that sucks. They literally just opened a store 10 minutes away from me, I've enjoyed dropping in and trying out amps.
     
  8. MikeH

    MikeH Bring the gain

    Messages:
    9,347
    Likes Received:
    2,396
    Joined:
    May 16, 2006
    Location:
    San Antonio, TX
    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.
     
  9. flexkill

    flexkill Vodka & PentaTonic

    Messages:
    2,808
    Likes Received:
    282
    Joined:
    Oct 4, 2008
    Location:
    Nashville, USA
    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.
     
  10. leftyguitarjoe

    leftyguitarjoe Correct-handed

    Messages:
    4,074
    Likes Received:
    1,058
    Joined:
    Feb 13, 2009
    Location:
    Newark, DE
    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.
     
  11. Valennic

    Valennic Many Fingers

    Messages:
    1,433
    Likes Received:
    174
    Joined:
    Aug 22, 2011
    Location:
    Newville,PA
    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.
     
  12. Hendrix

    Hendrix The Roadie Contributor

    Messages:
    300
    Likes Received:
    30
    Joined:
    Mar 8, 2009
    Location:
    Pittsburgh, PA
    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.
     
  13. 7 Strings of Hate

    7 Strings of Hate Mid-Level Asshole Contributor

    Messages:
    8,423
    Likes Received:
    1,097
    Joined:
    Jan 10, 2007
    Location:
    St.Louis USA
    We had a mars music here in St.Louis and it was pretty sweet. It be dead naow.
     
  14. op1e

    op1e Blood_Lust:Unlimited

    Messages:
    2,319
    Likes Received:
    120
    Joined:
    Dec 8, 2008
    Location:
    Northeast Ohio
    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.
     
  15. Onegunsolution

    Onegunsolution Brown man

    Messages:
    128
    Likes Received:
    17
    Joined:
    May 19, 2012
    Location:
    Cincinnati, Ohio USA
    FUCKING THIS! :wallbash:
     
  16. iRaiseTheDead

    iRaiseTheDead Ashes Of Rebirth

    Messages:
    3,528
    Likes Received:
    224
    Joined:
    Jul 24, 2010
    Location:
    Maryland
    This is... interesting
     
  17. poopyalligator

    poopyalligator Dr.Poopyalligator

    Messages:
    4,646
    Likes Received:
    325
    Joined:
    Nov 11, 2008
    Location:
    "Albuquerque, NM"
    This x1,000,000,000
    :agreed:
     
  18. TRENCHLORD

    TRENCHLORD Banned

    Messages:
    6,506
    Likes Received:
    244
    Joined:
    Mar 9, 2011
    Location:
    corncountry IL
    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.
     
  19. kamello

    kamello DESU METARU!

    Messages:
    1,912
    Likes Received:
    128
    Joined:
    Sep 27, 2010
    Location:
    Santiago, Chile
    Used Gear GC prices.....oh shit, please no, Im gonna miss that :scream:




    (seriously, I can buy gear for 1/4 of the price in relation with Chile)
     
  20. bob123

    bob123 Banned

    Messages:
    2,673
    Likes Received:
    434
    Joined:
    Mar 24, 2012
    Location:
    Michigan
    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....
     

Share This Page