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A large bricks and mortar chain coming to grief isn't an enormous surprise. It's happening throughout retail. Radio Shack, Best Buy, Office Depot, Borders Boo
by Lazare 12y ago
A large bricks and mortar chain coming to grief isn't an enormous surprise. It's happening throughout retail. Radio Shack, Best Buy, Office Depot, Borders Books; everywhere you look chains of brick and mortar retailers are collapsing, closing, or merging.
But of course, selling musical instruments is different, for unspecified reasons. Guitar Center's problems aren't just because of a changing retail environment but a searing indictment of modern capitalism that is somehow linked to the housing crisis (what?), and somehow to the declaration of martial law (huh?) and the destruction of the US dollar (uh...) that apparently happened over the last few years.
Fine, the author thinks Guitar Center is about to declare bankruptcy. He's not alone; rating agencies have deemed their bonds to be junk. But neither is Guitar Center; there's a lot of failing companies around. Unless you're unlucky enough to own some of their debt (or, worse, the company itself), I have no idea why you'd care.
(...which kind of makes me wonder why the author cares. If he ownd a bunch of Guitar Center bonds, I'd assume he'd just sell them. What's his angle here?)
- robotresearcher 12y ago> What's his angle here? Maybe he is short on GC stock.
- mathattack 12y agoThat's what I assumed. It was written like such an amateur that I assume he's day trading.
- arprocter 12y ago>But of course, selling musical instruments is different, for unspecified reasons There is a difference, because people like to try out instruments before they buy - otherwise it's like buying a car without test-driving it first. It's not the same process as jumping on Amazon and ordering a book or a DVD, especially considering instruments can cost thousands of dollars.