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Topic: Best Buy / Guitar Center |
Lee Baucum
From:
McAllen, Texas (Extreme South) The Final Frontier
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Posted 27 Sep 2008 12:06 pm |
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As some of you may know, Best Buy has gotten into the musical instrument business:
CLICK HERE
One of our local Best Buy stores is part of the test market. They have a full-blown guitar shop within the store, displaying Fenders, Gibsons, and many other name brand guitars and accessories. It looks like a mini-Guitar Center inside of a Best Buy. I haven't been in the store yet, but when I do go, something tells me I won't be invisible, like I was at the Guitar Center recently.
Furthermore, rumor has it that Guitar Center is for sale and that Best Buy is one of the possible purchasers. If true, I can see Best Buy moving Guitar Centers into their existing stores and selling the real estate to create some cash.
Lee, from South Texas |
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Alvin Blaine
From:
Picture Rocks, Arizona, USA
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Posted 27 Sep 2008 2:39 pm Re: Best Buy / Guitar Center
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| Lee Baucum wrote: |
Furthermore, rumor has it that Guitar Center is for sale and that Best Buy is one of the possible purchasers. If true, I can see Best Buy moving Guitar Centers into their existing stores and selling the real estate to create some cash.
Lee, from South Texas |
I think your rumor may be about a year old, as Bain Capital, bought out Guitar Center the end of last year for $1.9 billion + $200 million of debt.
They have just recently started making changes in the company.
Bain Capital also owns Staples, Inc, AMC Entertainment, Brookstone, Burger King, Burlington Coat Factory, Domino's Pizza, DoubleClick, HCA, Sealy, The Sports Authority, Toys R Us, Unisource, Warner Music Group, and Clear Channel Communications.
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Lee Baucum
From:
McAllen, Texas (Extreme South) The Final Frontier
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Posted 27 Sep 2008 3:23 pm
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No, according to "insiders" in the business, Bain is looking at selling Guitar Center already.
That's the rumor I'm hearing... |
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Alvin Blaine
From:
Picture Rocks, Arizona, USA
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Posted 27 Sep 2008 5:12 pm
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| Lee Baucum wrote: |
No, according to "insiders" in the business, Bain is looking at selling Guitar Center already.
That's the rumor I'm hearing... |
Well Bain Capital is in the business of making money off other businesses, so if they can sell off Guitar Center or any part of it for a profit they will.
I was waiting for them to start mixing up their companies and use their Domino Pizza delivery guys as Guitar Center sales clerks. Oops they already did that didn't they?
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http://www.facebook.com/cowboytwang |
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Tony Prior
From:
Charlotte NC
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Posted 28 Sep 2008 1:23 am
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as long as they have the space and room for growth, it's a great idea.
remember, Best Buy, although it apears to be a retail store, there #1 business is retail credit..
It doesn't matter what they sell, it matters that it is CHARGED... |
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Steve Hitsman
From:
Waterloo, IL
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Posted 28 Sep 2008 4:24 am
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I was waiting for them to start mixing up their companies and use their Domino Pizza delivery guys as Guitar Center sales clerks. Oops they already did that didn't they?
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Only in the drum department. |
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Henry Nagle
From:
Santa Rosa, California
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Posted 28 Sep 2008 8:47 am
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| Tony Prior wrote: |
as long as they have the space and room for growth, it's a great idea.
remember, Best Buy, although it apears to be a retail store, there #1 business is retail credit..
It doesn't matter what they sell, it matters that it is CHARGED... |
Wow.... What a scuzzy, scuzzy world. It is amazing to me what people/corporations consider to be an acceptable way of making a profit. Environmentally, morally, economically........ |
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Jack Francis
From:
Queen Creek, Arizona, USA
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Posted 28 Sep 2008 10:38 am
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Henr Nagle wrote..
Wow.... What a scuzzy, scuzzy world. It is amazing to me what people/corporations consider to be an acceptable way of making a profit. Environmentally, morally, economically........[/quote]
WHOA!!! A company that wants to make money for their "EVIL, NASTY, GREEDY" shareholders?????
I don't know what world some of you folks live in but I sure am glad it's not mine!!!  |
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Henry Nagle
From:
Santa Rosa, California
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Posted 28 Sep 2008 11:31 am
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| Don't worry, Jack. I'm not proposing to redistribute your wealth. I just wish that people would show a little more restraint, consideration, and taste in their quests to generate wealth. |
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Tony Prior
From:
Charlotte NC
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Posted 28 Sep 2008 4:34 pm
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Best Buy employs thousands of young workers and even older some folks like me... they are a great company to work for, full benefits and very good pay. My daughter worked there for 4 years, got paid very well, stock options and promotions.
The have multiple stores across each state, something other stores do NOT do. They have brought products to the people.
So now, they have built a business that can bring MORE things to more people. Instruments.
Now regarding the credit thing..
SEARS was the first retail store that formed a retail credit bank. This is NOT a bad thing.
Are we mad at Sears too ?
I'm not... |
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Henry Nagle
From:
Santa Rosa, California
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Posted 28 Sep 2008 10:34 pm
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I'm sorry. I don't mean to attack Best Buy in particular. I know very little about them.
I feel that consumer lending in this country (credit cards, mostly) has really gotten out of control. My vitriol was a reaction to the idea that they make most of their money from lending to customers, though I understand that that is not necessarily ill intentioned or evil.
Debt is scary, and there's a lot of it going around these days. I guess that's the idea that I clumsily tried to convey originally. |
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Tony Prior
From:
Charlotte NC
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Posted 29 Sep 2008 1:43 am
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consumer credit I agree is out of control, but it is mostly due to the people using it, not the people offering it. Using credit requires discipline.
In this current era if you are not offering some form of credit, you are not in business.
I suspect most of the membership of this forum is paid by a credit of some form.
We generally buy a few things from Best Buy for our kids and such, pay it off over 2 or 3 months , then do it again. We are revolving buyers PAYING NO INTEREST.
I can see an AC30 in my future ! My wife can get a DVD I'm going right to the AC30( or maybe the AC15)  |
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Henry Nagle
From:
Santa Rosa, California
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Posted 29 Sep 2008 1:44 pm
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I too would like to have an AC30.  |
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Drew Howard
From:
48854
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Henry Nagle
From:
Santa Rosa, California
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Posted 3 Oct 2008 8:05 am
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| Thanks Drew! Can I pay for that later? |
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Steve Pacholl
From:
Minneapolis
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Posted 3 Oct 2008 12:00 pm
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Out of couriosity I went into one of the Minneapolis Best Buy's that was one of the first to carry insturments. I was skeptical, but once inside I was somewhat impressed. Nice selection of amps and guitars. I didn't look at the other types of instruments. One of the salesreps approached me. He was a former TX musician who moved to Minneapolis 5 months ago. We had a great conversation and I gave him crap about not carrying the Martin line of acoustics. He said he heard Best Buy may be getting them soon. Turns out the salesrep was a huge Dale Watson fan.
I enjoyed my visit in the store much more than the loud sensory overload often experienced at Guitar Center. |
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Jack Francis
From:
Queen Creek, Arizona, USA
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Posted 3 Oct 2008 12:48 pm
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"loud sensory overload"
Boy you sure hit that one on the head!!
My son, who's in his late 30's, plays Van Halen..Satriani, etc. note for note, will not play through an amp when we go to G.C.!
He sez that the "Posers" are so LOUD and obnoxious that he'd just as soon leave that to them.
Glad to see that this thread has stayed on the subject.  |
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