The final nail in the coffin and real death of most Mom and Pops.........

Mom and Pops are dead on average........ for realz this time......

  • Yes

    Votes: 8 66.7%

  • No

    Votes: 4 33.3%
  • Total voters
    12
Mom and pop stores in all markets have been getting the shit kicked out of them by corporations for decades, it’s the American way….
 
Most of the mom and pop shops I remember had high prices. I remember this CB percussion 5 piece kit with some cheap trash can lid cymbals was 1,049 and this is like 1990, lol. I've known a couple good places but most of them dried up and are either a shell of former glory or just retired guitar addicts running a shop for fun and beer money.
 
thegame said:
It'll be a sad day when the final Mom and Pop whorehouse closes for good. Not sure I'm down with Kirkland brand escorts.
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Plus side is you can buy them in bulk and return them before 30 days is up.
 
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stratjacket said:
This was an interesting conversation with the CEO of Guitar Center and some of the changes they’re making.

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I really wish guitar center concentrated more on used gear. I know margins aren’t that great but killer used gear is what has me going back to stores.

At least they acknowledged too much emphasis on low beginner tier and lack of gear that makes guitar gear fun. Another thing that sucks is sound rooms used for storage or drums but not one for guitar.

They’re also working on training staff too. I learned something about the 5150 iconic cabs I didn’t know (fender revisioned the cabs and the speakers are different from first release) which I wasn’t aware of.
 
Not surprising. Good prices, convenience, generous return policies, free/cheap shipping, good pics and measurements (e.g., sweetwater), etc.

I rarely go into music local music stores; I never buy floor or display models; I buy online most of the time, knowing I have a sales rep for several years (MF) that knows what I want and expect when I buy something, and who takes care of any issues including returns,

I learn about gear online or from friends, and can find more info that way than going into most music stores.

When I go into GC now it's usually to sell something so I don't have to deal with online buyers, shipping, and drama.

I only shop brick and mortar for groceries, gas, and alcohol for years,
 
Timely video just popped up today. They don’t give their exact money because they say it varies so widely, but they give some insight.

 
All the minimum orders and having to start out on the off brand stuff would suck. Likely big cash flow issues from the jump. I’d say most stores would have to survive on lessons at first.
 
Findthetone1 said:
If people make a concious effort to actually buy from mom and pop stores, if they indeed exist around them, then maybe things will start to bounce back. I have always had the opinion that I don't mind paying a little more to be able to walk in and actually have a face to face transaction.
And maybe I'm just lucky to have a great local store with people there that I have over 30 years of purchasing experience with.
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Yep, exactly! When I got my last guitar from a Mom and Pop store, the dude threw four packs of strings into the case right before he closed the lid. Was awesome
 
I think the bigger mom and pop shops will continue to do well. They're more popular and have a dedicated customer base.

The local store selling strings and repairs...not so much. It's damn near impossible to find an amp tech within 2 hours here. One of two things will happen, people will either learn to fix their own amps or the large majority of players will go digital.
 
I’ma go to guitar center instead of any of the local shops when I have some time to myself later. Idk why.
 
Humbucker music
Make n Music (Pittsburgh)
Willcuts
Wildwood guitars
Etc. Etc. all seem to thrive, and I wouldn't call them a Big Box store.

I'm sure some folks in here from the west coast can add a shitload more.
 
SgtThump said:
People have been saying that about Guitar Center for 20 years, so who knows.
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I know right................................They have been in perpetual rumored bankruptcy for at least 10 years, when they finally did file for bankruptcy in 2020 they restructured and emerged within on year and are still around somehow?????? There must be profitability somewhere.

According to Google:

Guitar Center filed for Chapter 11 bankruptcy protection in November 2020 due to the COVID-19 pandemic and mounting debt, but emerged from it in December 2020 after a reorganization deal.



Here's a more detailed breakdown:
  • 2020:
    Guitar Center, the largest retailer of musical instruments in the United States, filed for Chapter 11 bankruptcy protection on November 13, 2020.
  • Reason for Bankruptcy:
    The company was struggling with a significant debt burden (around $1.3 billion) and the COVID-19 pandemic significantly impacted its sales, leading to store closures and a financial crisis.

  • Debt Reduction:
    Guitar Center negotiated a debt-cutting deal with key investors and lenders, receiving up to $165 million in new equity and lenders agreeing to reduce its debt by around $800 million.

  • Emergence from Bankruptcy:
    The company emerged from Chapter 11 bankruptcy on December 23, 2020, after a reorganization deal added additional equity and debt capital.

  • Pandemic Impact:
    The pandemic led to a significant shift in consumer behavior towards online shopping, which further exacerbated Guitar Center's financial problems.

  • History of Debt:
    Guitar Center had been burdened with debt since its $2.1 billion leveraged buyout by Bain Capital in 2007, and the company struggled to meet interest payme
 
harddriver said:
I know right................................They have been in perpetual rumored bankruptcy for at least 10 years, when they finally did file for bankruptcy in 2020 they restructured and emerged within on year and are still around somehow?????? There must be profitability somewhere.

According to Google:

Guitar Center filed for Chapter 11 bankruptcy protection in November 2020 due to the COVID-19 pandemic and mounting debt, but emerged from it in December 2020 after a reorganization deal.



Here's a more detailed breakdown:
  • 2020:
    Guitar Center, the largest retailer of musical instruments in the United States, filed for Chapter 11 bankruptcy protection on November 13, 2020.

  • Reason for Bankruptcy:
    The company was struggling with a significant debt burden (around $1.3 billion) and the COVID-19 pandemic significantly impacted its sales, leading to store closures and a financial crisis.


  • Debt Reduction:
    Guitar Center negotiated a debt-cutting deal with key investors and lenders, receiving up to $165 million in new equity and lenders agreeing to reduce its debt by around $800 million.


  • Emergence from Bankruptcy:
    The company emerged from Chapter 11 bankruptcy on December 23, 2020, after a reorganization deal added additional equity and debt capital.


  • Pandemic Impact:
    The pandemic led to a significant shift in consumer behavior towards online shopping, which further exacerbated Guitar Center's financial problems.


  • History of Debt:
    Guitar Center had been burdened with debt since its $2.1 billion leveraged buyout by Bain Capital in 2007, and the company struggled to meet interest payme
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Damn, how do I get millions of dollars in debt forgiveness without being Biden‘s dysfunctional Hooker Banging Son?
 
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