2020 sucks ass, and Guitar Center is feeling it’s wrath. Apparently, they missed a $45 million interest payment earlier this month. This means that the country’s largest retailer of musical instruments may go bankrupt in November.
This surprises me, because since the pandemic tons of people have taken to learning an instrument, so I thought Guitar Center would be thriving. BUT, they’re a business that relies heavily on in-store sales. Why didn’t they do more online sales is my question?? I suppose they are old-school in that way, which is one of the reasons I always liked going into the store. You can go in and try out anything you want before you buy it. Unfortunately, that way of shopping is becoming a thing of the past more and more. Boo!!
We’ll have to wait and see what happens, but MAN… pretty soon there won’t be ANY stores left. LAME!
Guitar Center miss $45 million payment, may file for bankruptcy next month: https://t.co/UYF3y6crJq
— Loudwire (@Loudwire) October 26, 2020
