Guitar Center
In 2018, Guitar Center only had a year to pay off its debt of $900 million. The rock ‘n’ roll instrument retailer has been in the game for more than 50 years already, but maybe people are no longer into guitars. According to CheatSheet, the sales of the company went down by 36% between 2005 and 2016. Even though the instrument retailer is going through financial problems, it is still trying to open more stores. It was able to get out of the crisis with the help of emergency loans. The EVP of merchandising and e-commerce told Forbes that the company might be in transition but is still going strong.
Guitar Center
Southeastern Grocers
Winn-Dixie is a grocery chain that is in trouble because Southeastern Grocers, its operator, applied for Chapter 11 bankruptcy protection to restructure some debt. It shuttered nearly a hundred stores and paid off a debt of $600 million. The company wants to shift the focus to rebranding and remodeling the remaining stores in the hopes that this will improve things for the company. CNBC reported that Southeastern Grocers, also the operator of Bi-Lo, is finding it tough to compete with e-commerce businesses and big-box stores. Based in Florida, Southeastern operates stores in southern states such as Alabama, South Carolina, North Carolina, Mississippi, and Georgia as well.
Southeastern Grocers
