Guitar Center Files For Bankruptcy Unlisted Video
3 years ago
68
Guitar Center
Bankruptcy
Debt
J.C. Penney
Chapter 11
Title 11
United States Code
Impact Of The COVID-19 Pandemic On Retail
City Sports
United States
Valerie
Guitar Center is the largest musical instrument retailer in the US.
On Saturday, 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.
Guitar Center has felt the negative impacts of consumers' increasing reliance on e-commerce, like many other physical retailers.
The company may be forced closures of many of its stores during the coronavirus pandemic.
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