Stephen Nellis at the Pacific Coast Business Times wrote a nice article about why Guitar Center’s future hangs in the balance of this last Christmas’ results and the debt-for-equity play by its major creditor. It is a nice summary of what has gone on so far, with a couple of opposing perspectives from Paul Majeski, the publisher of Music Trades …
WSJ: Guitar Center to be acquired by its major creditor
Oh, Guitar Center. Back in November. I wrote a casual post about how their junk bond status would mean the company wasn’t doing great, much in the way that when your car is repo’d, you’re not too wealthy. It went viral. 150,000 views in five days. Their executives and employees protested. Oh, how they protested. They hatemailed. Crawled onto my …
Guitar Center and how not to respond to a viral blog post
The way Guitar Center has responded to a simple blog post going viral is going to go down in business textbooks – but not the way they are hoping. Two weeks ago I was a good, regular customer of theirs, albeit one who wrote a brief piece about how big box, mass-market retail was in trouble. This week, my article …
Guitar Center and the end of big box retail
As a professional bassist, I buy a lot of musical gear. Let me highlight that, I buy as much musical gear as I possibly can, more than is reasonable or smart. As such, I patronize music stores – all kinds. I love ’em. There is no better therapy than OPG – Other People’s Guitars. One of the places I inhabit …