in #CASE you missed it… Guitar Center Is Headed For Bankruptcy
2020 may claim yet another retailer
Guitar Center is reportedly gearing up to file for bankruptcy. The company missed a 45 million dollar interest payment this month. Guitar Center is reportedly talking with creditors to try and figure out how to break even some time in 2021.
They made two-point-three-billion dollars this fiscal year but still owe one-point-three-billion-dollars. The biggest issue for the retailer is how to successfully handle their online shopping experience. So far it’s been a bust.