Guitar Center News

Guitar Center Partners with Eric Clapton, Carlos Santana and Leading Guitar Manufacturers on New Crossroads Guitar Festival's 25th Anniversary Guitar Collection Featuring Six Limited-Edition Signature and Replica Guitars August 24, 2023

Guitar Center Announces an Exclusive Sweepstakes Opportunity for Two Grand Prize Winners to Attend Eric Clapton’s Crossroads Guitar Festival in Los Angeles July 6, 2023

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82 Percent of Parents Want Their Kids to Learn to Play a Musical Instrument, According to New Survey Spearheaded by Guitar Center August 8, 2022

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Our product catalog varies by country due to manufacturer restrictions. If you change the Ship-To country, some or all of the items in your cart may not ship to the new destination.

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Photos: Pensacola Guitar Center Set To Reopen In East Gate Plaza

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Gitarren Fans Aufgepasst! Kauft Nicht Im Fake Gitarrenzentrum!

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Sneak Peek At Guitar Center's New Experiential Store

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Guitar Center To File Chapter 11 Bankruptcy

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Guitar Center, Musical Instrument Retailer, Files For Bankruptcy

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Photos: Guitar Center At One Daytona

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Mattress Firm, Claire's, Guitar Center — they're all recent bankruptcy survivors whose stores you might have passed in a mall, perhaps with their doors shuttered early in the pandemic.

But this year brought an unexpected, dramatic reversal, as these chains join a surprisingly long list of retailers who aim to find new life on the stock market, looking to go public.

Guitar Center Files For Chapter 11 Bankruptcy Amid Debt Restructuring Efforts

No turnaround has been more rapid than Guitar Center, which reportedly filed confidential paperwork for an initial public offering, or IPO, less than a year after emerging from bankruptcy. The company's representatives did not respond to 's inquiries.

Guitar Center started out selling home organs in California in the 1950s. But when the British Invasion hit the U.S., the founder heard the driving guitar riffs of the Beatles, the Kinks, the Rolling Stones and went all in on rock and roll. First came guitars and amplifiers, then drums, keyboards and gear. By the 1990s, Guitar Center blanketed the country as the largest seller of musical instruments.

In the mid-2000s, the chain got infected with a common retail malaise: massive debt. In 2007, it got bought by the private equity firm Bain Capital, which borrowed heavily for the deal and saddled Guitar Center with the debt that by 2020 reached $1.3 billion.

Guitar Center May Go From Bankruptcy To An Ipo In Less Than A Year.

They were anticipating continued growth, says Brian Majeski, who runs the music industry data and market research firm Music Trades. They did not expect a very sharp downturn and recession, and the growth of online (stores) that limited Guitar Center's top-line growth potential.

Guitar Center operates almost 300 showrooms plus another 229 sister stores, drawing shoppers for try-before-you-buy jam sessions, classes and rentals. In court records, the company says before pandemic shutdowns shuttered almost all locations, the chain had seen ten consecutive quarters of sales growth — but COVID-19 wiped out much of (that) progress. The retailer filed for bankruptcy in November.

Meanwhile, something completely unexpected happened. People started buying guitars, like crazy, and now Majeski forecasts 2022 to be the biggest year of guitar sales in history. He estimates Guitar Center's sales this year will reach a record $2.5 billion.

Hamburg, Germany. 22nd May, 2019. George Harrison's

Along with musical instruments, people picked up sports gear, fabrics, laptops and furniture, skincare products and eventually, lots and lots of new clothes.

That shopping spree made more retailers contenders for IPOs, which are typically the domain of fast-growing private companies that sell shares on the stock market.