Guitar Center
Guitar Center has been here for more than five decades now, but could it be that people are buying fewer guitars now? It had been given a year to pay its $900 billion debt, which led to a 36% decline in sales from 2005 to 2016. Even though it is facing certain issues, it still wants to launch new stores.
Guitar Center
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Nine West
Thanks to its $1.5 billion debt, Nine West plans to restructure by filing for bankruptcy and selling parts. It decided to sell off Easy Spirit and only left 25 stores open. This shoe line also decided it will focus more on jewelry and clothing lines such as Anne Klein, One Jeanswear Group, and Kasper Group.
Nine West