Guitar Center
Guitar Center has been around for over 50 years, but today people tend to buy fewer guitars. The Rock ‘n’ Roll instrument manufacturer was issued a one-year debt payment of $900 billion as a result of a 36% decrease in sales from 2005 to 2016. Although they’re facing some issues late, they’re still planning to open new stores. The Executive Vice President of Merchandising and e-commerce said the business was in a transitional state and is still going fast.
Guitar Center
Nine West
Shoe manufacturer Nine West is now looking to restructure by selling parts of the company and filing for the bankruptcy of Chapter 11, all due to a debt of $1.5 billion. They wanted to let go of their Easy Spirit brand and closed all but 25 stores. The company would also shy away from shoes and concentrate more on clothes and jewelry with brands such as Kasper Grouper, Anne Klein and One Jeanswear Group.
Nine West
