Guitar Center
In 2018, this supplier of rock n’ roll instruments was given a year to pay a $900 million debt. The company has been around for over 50 years now, but it seems like people don’t buy as many guitars as they used to. CheatSheet reported that Guitar Center’s sales for electric guitars fell 36 percent from 2005 to 2016. This instrument retailer may be experiencing some financial problems, but it still plans to open new stores.
Guitar Center
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Nine West
The shoe retailer has a debt worth $1.5 billion and is currently negotiating to restructure it. Bloomberg says that this includes selling parts of the company as well as filing for Chapter 11 bankruptcy. In its attempt to stay afloat, the company has sold off Easy Spirit, another brand it owns.
Nine West
