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Guitar Center’s Bankruptcy Adds to Toll on Retail

Musical instrument chain Guitar Center filed for chapter 11 bankruptcy protection over the weekend in Virginia as the pandemic continues to take a toll on the beleaguered retail sector. However, there's some room for hope: The number of retailers at risk of defaulting and restructuring either in or out of court is declining. Granted, part...
Tags: Virginia, Advertising, Guitar Center, Data & Insights


Guitar Center’s Bankrutpcy Adds to Toll on Retail

Musical instrument chain Guitar Center filed for chapter 11 bankruptcy protection over the weekend in Virginia as the pandemic continues to take a toll on the beleaguered retail sector. However, there's some room for hope: The number of retailers at risk of defaulting and restructuring either in or out of court is declining. Granted, part...
Tags: General, Virginia, Advertising, Guitar Center, Data & Insights


Guitar Center goes bankrupt, idled by coronavirus, slower sales

By Katherine Doherty | Bloomberg Guitar Center, the largest U.S. retailer of music instruments and equipment, filed for bankruptcy after the coronavirus pandemic kept customers at home and job losses made them less able to afford new gear. The filing in the Eastern District of Virginia gives the company a break on its debts by letting it stay in business as it seeks to carry out a restructuring plan. A turnaround will be complicated by the fact that the company’s stores were shut in mid-March to...
Tags: Amazon, Business, Sport, Bankruptcy, Soccer, Guitar Center, Penney, Eastern District of Virginia, ARES, Westlake Village, Moody 's Investors Service, G Realty Partners, Bain Capital LP, Top Stories LADN, Top Stories OCR, Top Stories PE


Guitar Center Files for Bankruptcy

As expected, Guitar Center, the largest musical-instrument retailer in the U.S. and a mecca for musicians, filed for bankruptcy protection late Saturday night, according to the New York Times. The company, which missed a $45 million bond-interest payment last month, has around $1.3 billion in debt and has been deeply impacted by the coronavirus pandemic. […]
Tags: News, New York Times, Guitar Center


Guitar Center files for Chapter 11 bankruptcy protection, plans to stay open

Musical instrument retailer Guitar Center has filed for Chapter 11 bankruptcy protection after negotiating a debt-cutting deal.         [Author: USA TODAY]
Tags: Usa, News, Usa Today, Guitar Center


Guitar Center, the largest retailer for musical instruments in the US, has filed for bankruptcy

View of a Guitar Center store in Hollywood, California. Valerie Macon/AFP via Getty Images Guitar Center, the largest musical instrument retailer in the US, has filed for bankruptcy. The company announced Saturday it was entering the Chapter 11 restructuring process, during which it'll stay in business. Guitar Center said it expects to finish up the process by the end of the year. Like other physical retailers, Guitar Center has felt the negative impacts of consumers' increasing reliance o...
Tags: Music, News, US, Trends, Bloomberg, Bankruptcy, New York Times, Retail, Afp, Guitar Center, Hollywood California, Lord Taylor, Valerie Macon, Paige Leskin, Getty Images Guitar Center, US Guitar Center


Guitar Center is filing for bankruptcy

Guitar Center is filing for Chapter 11 bankruptcy, the latest company to go bankrupt during the pandemic that has decimated America's retail sector.
Tags: America, Cnn, Guitar Center


US retailer Guitar Center files for bankruptcy

Guitar Center owns nearly 300 stores across the country
Tags: Finance, US, Article, Reuters, Guitar Center, FBN, Fbn/markets, Fox-business/jobs/bankruptcy, A6f5e9f7-9ec3-5585-99c0-03f7f8df9a19


Guitar Center expects to file for bankruptcy after debt plan

By Katherine Doherty and Niluksi Koswanage | Bloomberg Guitar Center, the largest musical instrument retailer in the U.S., said it expected to file for bankruptcy after reaching an agreement to restructure its debt. The plan will include as much as $165 million in new equity investments from funds managed by its private equity owner Ares Management, as well as the Carlyle Group and Brigade Capital Management, the company said in a statement Friday. It also aims to reduce debt by almost $800 mill...
Tags: Business, Bloomberg, Sport, Bankruptcy, Soccer, Ubs, Guitar Center, Kirkland Ellis LLP, Paul Weiss Rifkind Wharton Garrison, Amazon com Inc, Ares Management, Los Angeles Daily News, Houlihan Lokey, LLP, Westlake Village, Debevoise Plimpton LLP


Musical instrument retailer Guitar Center to file for Chapter 11 bankruptcy protection

Musical instrument retailer Guitar Center plans to file for Chapter 11 bankruptcy after negotiating a debt-cutting deal with investors and lenders.         [Author: USA TODAY]
Tags: Usa, News, Usa Today, Guitar Center


Musical instrument retailer Guitar Center to file for Chapter 11 bankruptcy protection

Musical instrument retailer Guitar Center plans to file for Chapter 11 bankruptcy after negotiating a debt-cutting deal with investors...
Tags: Guitar Center


Guitar Center enters restructuring deal to cut debt by $800M

The company expects to file voluntary petitions for reorganization following Chapter 11 in the U.S. bankruptcy court
Tags: Finance, Article, Reuters, Guitar Center, FBN, Fbn/markets, Fox-business/industries/retail, Fox-business/jobs/bankruptcy, 0f706b6c-63cf-56d3-83f8-5e49a53759bd


Guitar Center, Laden With Debt, Considers Restructuring Options, Including Bankruptcy

After missing a $45 million bond-interest payment earlier this month, the Guitar Center, the largest musical-instrument retailer in the U.S. and a mecca for musicians, is assessing its future, considering multiple restructuring options, including bankruptcy, according to reports in the New York Times and Bloomberg. Like many retail outlets, the Guitar Center, which has around […]
Tags: News, New York Times, Guitar Center, Bloomberg Like


While the Number of Distressed Retailers Grows, Only a Handful Are at Risk of Near-Term Default

While the major credit rating agencies have expanded their watch lists of retailers with a high probability of default, there are only a few companies in immediate danger following the bankruptcies of Neiman Marcus and J.Crew Group. They include nutritional supplements chain GNC, musical instruments retailer Guitar Center, grocery banner The Fresh Market, apparel retailer...
Tags: Advertising, Neiman Marcus, Gnc, Guitar Center, Data & Insights


Your quarantine playlist: 23 essential albums for music lovers

Stuck at home? Classic music can help provide solace and relief. With that in mind, here’s a subjective list of 23 essential albums worth revisiting. To enjoy, dig through your stacks of CDs and LPs in the corner or just cue the titles on your preferred streaming platform. CLASSIC POP/ROCK “Darkness on the Edge of Town” (1978): Filled with characters at a crossroads, Bruce Springsteen’s songs were influenced by film noir. “Exile on Main St.” (1972): Mick Jagger, Keith Richards and company cast a...
Tags: Music, Bruce Springsteen, Sport, Neil Young, Radiohead, Things To Do, Soccer, David Bowie, Elton John, Brian Wilson, Fleetwood Mac, Glasgow, Elvis Costello, Mars, Bob Marley, Win Butler


Bored, hankering for music? Online sessions bring guitar lessons home

There are plenty of things you can’t do during the coronavirus pandemic but taking guitar lessons isn’t one of them. Guitar Center and its sister brand Music & Arts pivoted early during the health crisis to offer live, online lessons for guitar, bass, drums, piano and voice. Using ZOOM technology via a secured link, the one-on-one sessions are conducted from teachers’ homes and don’t require students to download an app. “Many of our instructors have multi-camera home studios, while others employ...
Tags: Business, Music, News, California, US, Sport, Soccer, San Diego, Local News, Guitar Center, Bakersfield, Irvine, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


Photos: The 2020 LA Marathon from Dodger Stadium to Santa Monica

The 35th anniversary of the Los Angeles Marathon started from downtown at Dodger Stadium and finished in Santa Monica overlooking the Pacific Ocean.  The elite runners and full field started at 6:55 am.  Scattered clouds and cool temperatures greeted the runners early Sunday morning. First place winners for the 35th Los Angeles Marathon are, men’s winner, Bayeligo Teshager, from Ethiopia and the women’s winner, Margaret Muriuki from Kenya on Sunday, March 8, 2020. (Photo by Gene Blevins/Con...
Tags: Los Angeles, Sport, Soccer, Beverly Hills, Ethiopia, Kenya, Local News, Pacific Ocean, Santa Monica, Guitar Center, El Capitan, Rodeo Drive, Hollywood Blvd, Wilshire Blvd, Los Angeles Daily News, Dodger Stadium


Behringer adds a 4-osc Moog; here’s everything they’re cloning now (late 2019)

Behringer will remake the rare Wasp and now just announced a 4-voice paraphonic Moog clone. Having trouble keeping track? Here’s a recap. Behringer radar The big news today is the POLY D – which might be one of the more significant product launches in the series. It takes the guts of the model D and makes them into a 4-oscillator paraphonic variant, adding a keyboard. The result actually sounds like a Memorymoog, but with a Minimoog-style panel, which… makes loads of sense. I...
Tags: Music, UK, China, Tech, Dave, Gear, Stories, Pro, Arturia, Kylo Ren, Music Tech, Roland, Vst, Korg, Wasp, Guitar Center


Behringer adds a 4-voice Moog; here’s everything they’re cloning now (late 2019)

Behringer will remake the rare Wasp and now just announced a 4-voice paraphonic Moog clone. Having trouble keeping track? Here’s a recap. Behringer radar With so many remakes now shipping or teased, the hard part may be just keeping track what Behringer are doing, what’s available already, and what’s coming. Let’s step back and just review what products are currently available or inbound. Competitors should ignore this list at their own peril. This is what Tom Whitwell at the former...
Tags: Music, China, Tech, Dave, Gear, Stories, Pro, Arturia, Kylo Ren, Music Tech, Roland, Vst, Korg, Wasp, Guitar Center, Don


Improve Your Artist Site Search Ranking with Image Alt Tags

For any artist or band, having a high ranking is incredibly important to maintaining your online presence and being discoverable by your fans. Because of this every slight edge you can gain when it comes to SEO matters, including the implementation of image alt text. ______________________________ Guest post by Bobby Owsinski of Music 3.0 If you’re an artist or a band with a website you really depend upon ranking high when someone searches for you. It’s not only embarrassing when you...
Tags: Music, Guitar Center, Bobby Owsinski


Late rocker Tom Petty’s onetime Encino mansion is back on the market for $5 million

The door opens to an airy space with high ceilings, skylights and a staircase that curves around a two-story stone fireplace. (Photo by Adam Latham) The living room. (Photo by Adam Latham) Sound The gallery will resume in seconds A view of the living room with its two-story fireplace. (Photo by Adam Latham) A view of the family room. (Photo by Adam Latham) The media room with a sunken seating area and a wet bar (not pictured). (Photo by Adam Latham) Dining area. (Photo...
Tags: Business, Housing, Sport, Soccer, Barbie, Paramount Pictures, Malibu, Morgan, Guitar Center, Tom Petty, Petty, Agoura Hills, Westlake Village, Encino, Spendlove, Craig Knizek


Lifehouse frontman Jason Wade relists Agoura Hills home with recording studio for $3.6 million

Lifehouse singer-songwriter Jason Wade and his wife, Braeden, have relisted their Agoura Hills home for $3.6 million. Property records show Wade purchased the house in 2007 for $2.25 million. In May 2018, it appeared on the multiple listings service for $4.25 million and has been on and off the market since. The price dropped to $3.95 million in June 2018. In April 2019, it relisted at $3.6 million. The five-bedroom house sits on just over an acre in the gated Medea Valley Estates community with...
Tags: Business, Housing, Sport, Soccer, Quinn, Jamie Foxx, Barbie, Guitar Center, Wade, Tarzana, Tom Petty, Agoura Hills, Westlake Village, The Band Perry, Braeden, Lake Sherwood


Coming to Airbnb: Barbie’s Malibu Dreamhouse for $60 a night

The kitchen. (Courtesy of Airbnb) The hobby room. (Courtesy of Airbnb) Sound The gallery will resume in seconds The home theater. (Courtesy of Airbnb) The master bedroom. (Courtesy of Airbnb) A view of the meditation terrace. (Courtesy of Airbnb) The tub in one of two bathrooms. (Courtesy of Airbnb) The walk-in closet is filled with 60 years of fashion from Barbie’s many careers. (Courtesy of Airbnb) The walk-in closet is filled with 60 years of fashion from Barbie...
Tags: Business, Housing, Sport, Soccer, Airbnb, Jamie Foxx, Barbie, Pacific Ocean, Malibu, Mattel, Guitar Center, Tarzana, Tom Petty, Columbia Memorial Space Center, Oval Office Now, Westlake Village


Most expensive listing in Westlake Village is a mansion owned by onetime Guitar Center owner

The country French manor-style home of Ray Scherr, the former owner of the Guitar Center chain of music stores, is Westlake Village’s most expensive listing. Set on 4.5 acres in guard-gated Country Club Estates, the house is on the market at $11.9 million. Records show that Scherr and his wife, Janet, bought the 16,200-square-foot house, which was completed in 1995, for $9.4 million in December 2002. The house opens to a rotunda foyer and contains six bedroom suites, a movie theater and a wine c...
Tags: Business, Hollywood, Housing, Sport, Soccer, Jamie Foxx, Kirsten Dunst, Guitar Center, Tarzana, Janet, Tom Petty, Sherman Oaks, Toluca Lake, Steamboat Willie, Scherr, Westlake Village


Foot Traffic Startup Scraffic Mulls New Funding, Machine Learning

San Antonio—Scraffic, a small startup that helps retailers count foot traffic in their stores, has gone international.The San Antonio-based business, which has four employees, now has customers in the Philippines, Spain, Portugal, and Canada, as well as users in the U.S. Scraffic found opportunity to expand in international markets like the Philippines because there are fewer competitors, says Ryan Ward, Scraffic’s chief operating officer. Founded in 2016, the company’s price point helped, too:...
Tags: Startups, Texas, Technology, Shopping, Trends, Startup, Tech, Spain, Software, Camera, Canada, Philippines, Portugal, Retail, Machine Learning, Software Development


REO Speedwagon taking it on the run to help victims of the Borderline shooting and the Woolsey Fire

REO Speedwagon, the band behind “Take It On the Run,” likes to brings its hits to its fans. And it wants to bring relief to an area hit hard by the Borderline nightclub shooting and the Woolsey Fire. The group is playing three upcoming concerts in Southern California, and two of them are fundraisers at Thousand Oaks Civic Arts Plaza that will benefit victims of the Nov. 7 shooting in the Borderline Bar & Grill and the devastating Woolsey Fire that broke out the following day. Front man Kevin Cro...
Tags: California, Casinos, Sport, Things To Do, Soccer, San Diego County, Reo Speedwagon, Kevin Cronin, Ticketmaster, Southern California, Guitar Center, Perry Farrell, Cronin, Harrah, Rincon, Woolsey


Guitar Center to hold grand opening for Monterey Park store

Guitar Center, the world’s largest retailer of guitars, keyboards, drums and other musical gear, will hold a grand opening Thursday for a 15,000-square-foot store in Monterey Park. It will be the company’s 40th California location, creating 30 jobs for the city. Deep discounts The 7 p.m. event at 3000 Market Place will feature discounts on instruments and equipment, weekend specials on lessons, guitar setups and live music from the Southland Party Band. The bargains will include a Yamaha FX335...
Tags: Business, California, Sport, Soccer, Musical, Forbes, Yamaha, Guitar Center, Addario, Monterey Park, Westlake Village, Market Intelligence, Bain Capital Partners, Majeski, Southland Party, Mapex Steel


BPD looking for Guitar Center theft suspect

Bakersfield Police are asking for help locating a suspect for theft at a Guitar Center store on Ming Ave.Police said the man entered the business before taking merchandise on display and fleeing the store without paying.He is described as a Hispanic male, age 18 to 25 with a medium build, weighing about 180 pounds. Police said that he had black hair, a mustache and was wearing a gray shirt with blue jeans, gray and white shoes with a black and red Bulls baseball cap.Anyone with information regar...
Tags: Local News, Guitar Center, Red Bulls, Bakersfield Police, Felipe Juarez, Ming Ave Police


How to Build a Custom Handcrafted Acoustic Guitar from Start to Finish: The Process Revealed in a Fascinating Documentary

Every serious guitarist learns to set up, repair, and maybe even customize their own instruments. It’s economical and fun and gives players insight into how and why their instruments sound the way they do, and how to make them sound better. Some amateur luthiers will even build their own instruments, at least those not famous enough to have custom guitars built for them by famous makers, an honor—maybe not unlike a basketball player having their own shoes—that tells the world they’re at ...
Tags: Google, Music, Design, College, America, Willie Nelson, Montreal, Brian May, Guitar Center, Facebook Twitter, Greenfield, Mark Knopfler, Josh Jones, Durham NC Follow, Dan Erlewine, Michael Greenfield


R.I.P. Six Strings: Is The Death Of The Electric Guitar Near?

Fred Jacobs surveys market trends of the past several years, many of which (including the bankruptcy of Gibson) point to the dwindling popularity of that most iconic of instruments, the electric guitar. ________________________ Guest post by Fred Jacobs of Jacobs Media Strategies Disruption impacts virtually every business and platform – including the guitar. Over the past couple of years, a possible trend signaling the decreasing influence of the electric guitar appears to be ...
Tags: Apple, Music, Marketing, Barcelona, Jimi Hendrix, Guest Post, Metallica, Las Vegas, Eric Clapton, Music Business, Guitar Center, Fred, Gibson, Hollywood Florida, Kirk Hammett, Seminole Hard Rock Hotel