Guitar Center and its affiliates were sold for 2.1B to Bain, a private investment group.
You think that's a lot? How much do you think is the cost of their inventory and carrying cost of it? They're a mere retailer, 10% of their worth in inventory turnover debt is not much at all.Wow, Under the agreement, the buyers will also assume about $200 million in debt.
A place where you actually go and get decent and knowledgeable assisstance from the sales people and a great selection of guitars and amps!!!what were they like in the 80's?
I still like to play a guitar before I buy it...I've played RG550's that are duds and some that are great...It is all too easy on the internet these days to bother going to a music shop. There is no need for shops to have so much stock around - unless they have a storehouse setup of sorts. I remember one of the first things that I was told about buying a guitar, 'always go in and play the guitar for yourself, see what the guitar sounds and feels like'. I imagine most of us here have heard that advice!
All this cost cutting, saving overheads and ease of purchase is ensuring we end up with a lot of guitars but no real connection with a guitar unless we're lucky enough to score when we open our postage parcels for Music XYZ or cheapguitarsonline.com etc. OK off the soap box........