Guitar Center may go under too ...... get your historic while you can

[tripletime]

looks like Guitar Center is teetering on the edge of the abyss too

get your Historic while the gettings good


they were just downgraded to CCC-

https://www.digitalmusicnews.com/2018/04/17/guitar-center-bankruptcy/

"Of course, the fates of both Guitar Center — the largest guitar retailer in America — and Gibson — one of the largest guitar manufacturers — are intricately linked. In both cases, these businesses have been unable to adapt to a precipitous slide in guitar sales. Younger buyers, who once drove the guitar surge, have now shifted towards EDM, rap, and less guitar-driven indie music — even though interest in music itself has never been higher."

(my take : there are just too many rappers out there - not enough long haired teenagers wearing spandex and cranking out EVH and Led Zep riffs )
​

 

[mistersnappy]

Are we sure that guitar sales are down? https://www.statista.com/statistics/440131/us-guitar-market-retail-sales/

Relative to other instruments dominating the youth market, maybe the guitar isn't keeping up?

Anyway, banjo and mandolin orchestras were the bomb in the early 20th C (and part of Gibson's early success) but, as all fads go....

 

[J T]

Scratch and dent sale coming?

 

[tripletime]

Are we sure that guitar sales are down? https://www.statista.com/statistics/440131/us-guitar-market-retail-sales/

Relative to other instruments dominating the youth market, maybe the guitar isn't keeping up?

Anyway, banjo and mandolin orchestras were the bomb in the early 20th C (and part of Gibson's early success) but, as all fads go....

acoustic guitars are selling - electric guitar are extremely down in sales

 

[lpthomas]

What does GC have to do with Gibson's guitar division?

I see many people interested in guitar on the web these days. Great content in some cases and a lot of buzz in the vintage scene it seems.

Sales are down, are they *extremely* down? I don’t know. Still quite a few people buying.

Isn't Gibson's guitar division quite healthy compared to other parts of the business?

 

[Ace139]

This actually may happen someday - but this been continuously predicted for a long time - and they are still in business. Hope they stay afloat.

 

[Tom Wittrock]

What does GC have to do with Gibson's guitar division?

GC owes them millions of dollars. :ganz

 

[GotTheSilver]

Just tell me when the liquidation sale starts!

 

[jimeh77]

Things your children / grandchildren probably won't see:

1. book store
2. record store
3. car driver
4. fossil oil
5. nude people on adult magazine
6. credit card
7. brazilian rosewood
8. guitar centre

Feel free to add things to the list.

 

[GotTheSilver]

Things your children / grandchildren probably won't see:

1. book store
2. record store
3. car driver
4. fossil oil
5. nude people on adult magazine
6. credit card
7. brazilian rosewood
8. guitar centre

Feel free to add things to the list.

Physical money
Jobs
Real rock and roll bands
Fun

 

[Xpensive Wino]

Retail is on a trend:


https://www.cnbc.com/2018/04/18/the...osing-in-2018-is-on-pace-to-break-record.html

 

[tripletime]

Things your children / grandchildren probably won't see:

1. book store
2. record store
3. car driver
4. fossil oil
5. nude people on adult magazine
6. credit card
7. brazilian rosewood
8. guitar centre

Feel free to add things to the list.

10. young folks dating
11. library
12. rock and roll Gods
13. phone books
14 a map
15. mom and pop store

 

[DANELECTRO]

16. 8-track / cassette / LP / CD

 

[ONEHERO]

17. This forum and most people that post here

 

[El Gringo]

To me GC was only to run in quick to grab strings or a pedal or a stand or something minor .When I buy Guitars, GC is not even on my radar .

 

[sws1]

GC owes them millions of dollars. :ganz

I believe they also owe many millions to Fender too.

 

[krankykarl]

When guitar manufacturers think that a good run of the mill guitar is $2000.00 and no-one is making good money, it's over.

 

[Cliff Gress]

They were named Organ Center at one time, then Vox Center. They need to rebrand to whatever youth wants fast.

 

[tripletime]

they had to issue 13% notes and warrants

try getting that much on your bank account

 

[Big Al]

When guitar manufacturers think that a good run of the mill guitar is $2000.00 and no-one is making good money, it's over.

Well that is a cranky assessment but hardly true.