Guitar Center
In 2018, the rock n’ roll instruments supplier only had one more year to pay off its debt worth $900 million. It has been in the industry for over five decades by now. CheatSheet claimed that it has seen a 36 percent drop in its electric guitars sales between 2005 and 2016. It still managed to launch new stores even though it is facing financial problems. It has been temporarily relieved of its problems by an emergency loan. The company claims it is in a transition period but there is no need to worry.
Guitar Center
Southeastern Grocers
Southeastern Grocers is the operator of grocery chain Winn-Dixie. It filed for Chapter 11 bankruptcy protection to restructure its debt. It has since closed about a hundred stores and paid debt worth $600 million. The company hopes this will be the start of big changes. It has been working on rebranding and remodeling the stores that have remained open. CNBC says it is hurt by competition from Amazon and big-box stores.
Southeastern Grocers