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

    2 days ago - By Business Insider

    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 on e-commerce, as well as the forced closures of many of its stores during the coronavirus...
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