Content about Guitar Center

April 29, 2014

Tuesday Morning Corp. has named Sherry M. Smith, who most recently served as executive VP and CFO of SuperValu Inc., and Frank M. Hamlin, who currently serves as executive VP of marketing at Guitar Center, as independent members of the company's board of directors, effective immediately.

Dallas - Tuesday Morning Corp. has named Sherry M. Smith, who most recently served as executive VP and CFO of SuperValu Inc., and Frank M. Hamlin, who currently serves as executive VP of marketing at Guitar Center, as independent members of the company's board of directors, effective immediately.  

Hamlin will serve on the Nominating and Governance Committee and Smith will serve on the Audit and Compensation Committee.

April 3, 2014

Guitar Center's total debt has been reduced by approximately $500 million and annual cash interest expense has been reduced by more than $70 million.

Los Angeles -- Guitar Center's total debt has been reduced by approximately $500 million and annual cash interest expense has been reduced by more than $70 million. The improved financial position of the company will enable Guitar Center's management team to further invest in its people, store base and brands to accelerate growth.

February 11, 2014

Guitar Center has selected 360pi to increase their awareness of the competitive marketplace and to utilize the actionable insights gained from the 360pi intelligence to increase market competitiveness.

Westlake Village, Calif. - Guitar Center has selected 360pi to increase their awareness of the competitive marketplace and to utilize the actionable insights gained from the 360pi intelligence to increase market competitiveness. Guitar Center had been using another provider, but selected 360pi’s 360price and 360assortment products to deliver near real-time insights into their competitive set.

October 21, 2013

Guitar Center is opening a Serato-branded digital music area in its Brooklyn, N.Y., store on Oct. 24.

Westlake Village, Calif. – Guitar Center is opening a Serato-branded digital music area in its Brooklyn, N.Y., store on Oct. 24. The 2,500-sq.-ft. area provides a space for DJs and producers to demo and buy Serato products.

October 16, 2013

Back in March, Bloomberg ran a story headlined, “Private Equity’s $36 Billion Retail Bet Not Going So Well.” In a nutshell, this piece catalogued how investment firms like Bain Capital had poured large amounts of money into brick-and-mortar chains in the run-up to the recession, only to be met with lackluster results.

By Todd Maute, todd@cbx.com

August 27, 2013

Let the games begin.

Retailers are gearing up for the Super Bowl of the holiday-selling season, when stores generate up to 40% of their annual sales and boost their staffs in light of the heightened shopping spree.

As technology reshapes the retail landscape at a dizzying pace, it’s also advancing the art and science of aligning sales and traffic patterns with in-store labor — particularly crucial during the make-or-break winter selling period.

August 2, 2013

Guitar Center has named Christopher Ian Bennett as the company's first-ever VP communications and corporate affairs.

New York -- Guitar Center has named Christopher Ian Bennett as the company's first-ever VP communications and corporate affairs.

In his previous role, Bennett led Best Buy Canada's corporate communications department under Mike Pratt, who is Guitar Center's new CEO.

In his new role, Bennett will be responsible for the overall internal and external communications strategy of Guitar Center and affiliated brands, and will be charged with driving a clear and singular message.

 

March 13, 2013

Venture Commercial said it has represented tenants Sola Salon Studios and Guitar Center in the completion of two D-FW leases, totaling 22,400 sq. ft. of space.

Dallas/Fort Worth -- Venture Commercial said it has represented tenants Sola Salon Studios and Guitar Center in the completion of two D-FW leases, totaling 22,400 sq. ft. of space.

Sola Salon Studios has opened a new 10,237-sq.-ft. studio in the Marketplace at Highland Village shopping center, the chain’s fifth location in Texas.

Guitar Center leased 12,163 sq. ft. at Town East Crossing in Mesquite, Texas.

 

September 24, 2012

Portsmouth, N.H. -- Boston-based The Wilder Cos. said that Guitar Center will open a 7,358-sq.-ft. store at Durgin Square in Portsmouth, N.H. The new store will host a grand opening on Sept. 27.

Durgin Square is tenanted by TJ Maxx, HomeGoods and Shaw’s.

Wilder Cos. is the management company for the shopping center.

 

December 12, 2011

Forest City Ratner Cos., the developer of Westchester’s Ridge Hill, in Yonkers, N.Y., announced that four new retailers have completed leases and will be opening their stores during the spring/summer 2012.

Yonkers, N.Y. -- Forest City Ratner Cos., the developer of Westchester’s Ridge Hill, in Yonkers, N.Y., announced that four new retailers have completed leases and will be opening their stores during the spring/summer 2012. They are LA Fitness; T.J. Maxx; Pandora and Francesca’s Collection.

Additionally, Guitar Center, which had previously executed a lease, will be opening its new store at Ridge Hill during the December holiday season. These new stores will occupy 108,939 sq. ft. at Westchester’s Ridge Hill.

May 2, 2011

Applied Predictive Technologies (APT) said that Guitar Center has renewed its license for APT's retail testing software.

Washington, D.C. -- Applied Predictive Technologies (APT) said that Guitar Center has renewed its license for APT's retail testing software.

APT’s Test & Learn Management Solution is being used to drive dozens of high-impact tests within Guitar Center’s organization. Using Test & Learn, Guitar Center plans to accurately understand the impact of new ideas and tailor them to maximize profits.

March 4, 2011

New York City-based The Lightstone Group said Thursday that Guitar Center has signed a 10-year, 18,000-sq.-ft. lease at Oakview Plaza located in Omaha, Neb.

Omaha, Neb. -- New York City-based The Lightstone Group said Thursday that Guitar Center has signed a 10-year, 18,000-sq.-ft. lease at Oakview Plaza located in Omaha, Neb.

Built in 1999, Oakview Plaza is a power center that serves Omaha's westward expansion, and comprises three single-story retail buildings located on approximately 19.6 acres of land and containing approximately 177,303 rentable sq. ft. It is tenanted by Famous Footwear, Men's Warehouse, PetSmart, Panera, Dick's Sporting Goods and Babies "R” Us.

March 22, 2010

Music retailer Guitar Center has launched implementation of a module for assortment planning and range...

April 30, 2008

For some retailers, it may seem early to headline back-to-school issues, but for Music...

September 19, 2007

Westlake Village, Calif., ...

December 31, 2006

During the 2006 holiday season, Guitar Center’s e-commerce platform, www.guitarcenter.com, enabled shoppers to redeem gift...

July 14, 2005

Greenville, S.C., Last...

July 14, 2005

Greenville, S.C., Last...