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Guitar Center In The News

stark

Silver Supporting Member
Messages
3,250
Panavison is more of a big deal. They provide most of the camera gear for feature film production.

Adam Stark
 

BluesForDan

Silver Supporting Member
Messages
8,215
no way. I actually bought some strings, for the first time ever, tonight from my local guitar center.

I usually get them at my friend's shop, but i totally spaced them the last time I was there. I went to play my strat today, and the strings were toast. I forgot I had let my friend's brother play that guitar this weekend, and his sweat makes my industrial strength super villain acid look like distilled water. I could NOT tune my guitar, the strings were so funkified. And I wanted to play tonight, not after the next time I go to my buddy's shop. Which could be next week.

So, for the first time in years, I actually left the house on a purposeful mission to acquire guitar strings. I managed to flag somebody down to sell me some strings. I had the 10 dollar bill in my hands.

"Name and phone number?"

sigh. "John Smith. Ah, forget it, sorry about that. Didn't mean to give you ****. Cash? Ok?" He just smiled, typed a short novella into the computer, gave me my change. It's not his fault they make him ask, and he's probably not going to have that job for much longer.
 

karmadave

Silver Supporting Member
Messages
4,405
Not likely to go under, but their credit rating makes it more expensive for them to borrow. I assume that GC, like most retailers, finances their inventory. But I agree with another poster, Bain won't likely pull the plug, unless things get really tight and nobody can borrow. This is basically what was happening to Credit Markets a couple weeks ago, With the recent steps taken by the Treasury, the Credit Markets are starting to 'thaw' a bit.

-KD
 

Rotten

Gold Supporting Member
Messages
6,183
All I know is that I went to their guitar department the other day and asked if I could try out a Princeton Reverb RI. They did not have any in stock and their salesman (kid) had never heard of a Princeton Reverb. Ouch!
 

MuseCafeChris

Senior Member
Messages
7,829
To hell with GC - Krispy Kreme is on that list! :eek:
Doesn't surprise me at all. A couple years ago they opened a HUGE restaurant near me. Both the building and the plot of land were ridiculously big for a place where people go to get doughnuts. Didn't take long for that one to close.

I still think their retail space is killing them. My bet is they go under.
Yeah, they expanded like the bejesus right around the time the internet, eBay and Craig's List started to become ubiquitous. Terrible timing.
 

spacelord

Member
Messages
207
Linens and Things is on the list.. I saw a big Going out of Business sign on their store yesterday.

Panavision has been renting their expensive camera equipment for years. Unless they have been investing in digital, they are going to lose. Digital hasn't been able to compete for big movie productions, but some companies are coming out with some fantastic equipment with features as good as real film lately. They can buy the new fancy digital cameras for less than renting the Panavision setups. thats what I read anyways...
 

guitarmook

Member
Messages
2,746
So when GC goes under, will it be because of the decrease in discretionary spending, or because they alienated their core customers with the 'no more negotiating' policy?
 

jaxworlds

Member
Messages
130
they are getting some big competition from BestBuy.. my guess is you will see a Sam Ash/GC merger in 09.. they will combine and be huge-er...
 

phusana

Member
Messages
930
When they go out of business we'll clean up on the fire sale for sure.
Anybody remember when the Mars Music chain went under in '02? The inventory was liquidated at auction (at least here in the Boston area store), got some sweet deals!! I outfitted my project studio for about 1/3 of retail prices.;)
 

FJTurner

Member
Messages
927
I wonder if they'd just close a bunch of their stores. I talked to a manager at the Nashville GC a few months back and he said Nashville, Hollywood and a few other stores are "carrying" the whole company with their high volume. I'd guess they have a lot of marginally profitable locations out there...
 




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