Guitar Center
Only another year on, Guitar Center had to pay off its $900 million of debt. For more than 50 years, the retailer of the instrument has been in business, but sales have not stopped from falling. Between 2005 to 2016, sales of electric guitars decreased by 36%. Still, it wants to launch new stores amid these challenges! Emergency loans came to help them. The EVP told Forbes of merchandising and e-commerce that it was only in flux, but still going well.
Guitar Center
Southeastern Grocers
The subsidiaries of Southeastern Grocers are both Winn-Dixie and Bi-Lo. The corporation pursued insurance from creditors to restructure its debt. This shut down nearly 100 stores and cleaned out debt worth $600 million. The firm wants to rebuild and refurbish the shops that remain. This will hopefully improve things, but competition from other major retail stores and Amazon is challenging for the group.
Southeastern Grocers
