Guitar Center restructuring, prepares to file for bankruptcy

Guitar Center on verge of possible bankruptcy filing

    Guitar Center could be the next retailer to file for bankruptcy due to the pandemic.  According to the New York Times, sources close to the situation revealed that the company missed a roughly $45 million interest payment earlier this month. That...

Investors pull $11 million from Guitar Center

Things are just going from bad to worse for Guitar Center. As reported earlier this month, the music equipment super-store made plans to axe a bunch of corporate folk. That number went from 40 upwards to 180 people, and the hits just keep coming. In a report from Gear...

Guitar Center axes corporate staffers

According to an internal email, the mighty Guitar Center continutes to crumble before our very eyes. The leaked email, from new CEO Darrell Webb, announces a plan to “reduce corporate and field supervision staff.” The internal email, from GearGods:...