Guitar Center Financial Troubles

Subject: Guitar Center Financial Troubles
From: GUEST,saulgoldie
Date: 23 Nov 20 - 09:07 AM

I am not surprised to hear this. But I am saddened. Guitar Center is filing for chapter 11 bankruptcy. This has many implications and ramifications.

Guitar Center Chapter 11

Many of us who appreciate actual non-digital musical instruments and can afford to buy them are aging. (I'm mostly thinking acoustic guitars, here. But other instruments, too.) Many of us have enough of whatever instruments we want. Fewer younger folks are as interested or can afford them.

So it seems to me (he said without Internet verification) that the guitar market has been or will be softening in the next several years. Add to that the pandemic which has curtailed much walk-in-possible-purchase traffic.

So I'm not surprised. And extrapolating, I can see a time when the younger folks, who are not that interested in out instruments as well as a lot of other of our "stuff" end up giving away or even outright trashing (as in: throwing them on the trash heap) many of these instruments.


Saul

Subject: RE: Guitar Center Financial Troubles
From: GUEST,saulgoldie
Date: 23 Nov 20 - 09:09 AM

"...our instruments..."

Subject: RE: Guitar Center Financial Troubles
From: Stilly River Sage
Date: 23 Nov 20 - 10:18 AM

Chapter 11 means they are trying to stay a company and come back perhaps smaller but in better shape. Here's hoping they manage that. Guitar Center was like Disneyland for my son when he was a teen-aged guitar student. Drop him off and come back later to pick him up.

Subject: RE: Guitar Center Financial Troubles
From: Donuel
Date: 23 Nov 20 - 10:48 AM

I've seen $2500 guitars go as low as 5oo at guitar center. Its been a friendly place and a talent magnet.