Guitar Center
Guitar Center received a year to pay off its $900 million debt in 2018. Could it be that people are no longer buying guitars? Its figures for electric guitars went down by 36 perfect from 2005 all the way to 2016. The instrument retailer has been suffering from financial problems, yet it was able to open a number of stores. It solved this crisis by taking out emergency loans. An EVP explained that the company is now undergoing transition but going strong.
Guitar Center
Southeastern Grocers
Southeastern Grocers, the operator of Winn-Dixie, filed for Chapter 11 in the hopes of restricting its debt. It shuttered nearly a hundred stores and paid $600 million in debt. The company wanted to remodel and rebrand the stores that are still in operation, which will hopefully improve the state of things. CNBC said that it is suffering from competition with both Amazon and big-box stores.
Southeastern Grocers
