Re:Guitar Center files for bankruptcy
by busterarm on Sunday November 22, 2020 @07:47PM
(#25182480)
Korg and Gibson and other brands you mentioned were floating them billions of dollars in inventory a decade ago. That's what enabled that.
Once it looked like GC was in trouble in 2007-2009ish, those large brands worked on other sales channels and stopped extending GC so much credit once they were established.
Once it looked like GC was in trouble in 2007-2009ish, those large brands worked on other sales channels and stopped extending GC so much credit once they were established.