Guitar Center
Guitar Center has been in business for over 50 years, but today people rather buy fewer guitars. The Rock ‘n’ Roll instrument manufacturer was given a one-year debt payment of $900 billion as a result of a 36% drop in sales between 2005 to 2016. However they’re encountered many problems lately, they’re still planning to open new stores. The Executive Vice President of Merchandising and e-commerce said the company was in an interim state and is still going quickly.
Guitar Center
Nine West
Shoe manufacturer Nine West is now checking to reorganize by selling parts of the company and filing for the bankruptcy, all because of debt of $1.5 billion. They wanted to let go of their Easy Spirit brand and shut down all but 25 stores. The company will avoid focusing on shoes and concentrate more on clothes and jewelry with brands such as Kasper Grouper, Anne Klein, and One Jeanswear Group.
Nine West
