Here's a link to an article on a possible Gibson bankruptcy. There appears to be a number of similar stores going around on a possible Gibson bankruptcy in the past few days. Here's a passage and a link to the full article. Hopefully it won't come to past . Would be sad!
https://www.digitalmusicnews.com/2018/0 ... ankruptcy/The issue of plunging guitar sales became glaringly apparent last year.
That’s when sales figures revealed a serious sales drop over the past decade. Specifically, guitar sales have dropped from approximately 1.5 million units annually to roughly 1 million — all in less than a decade. That’s still a million a year, though this is all heading in the wrong direction.
And buried beneath those top-line statistics is another problem: sinking prices. All of which is great for anyone on the market for a guitar — new or used. But it’s disastrous for a company like Gibson.
One obvious problem is that the guitar is just another toy for younger people today. Up until relatively recently, it was a must-have for a giant percentage of young Americans — all of whom were in love with rock & roll in some form or another. Now, the six-string is just as easily replaced by a turntable, videogame console, or simply a laptop.
And the ‘guitar gods’ of the past are fading, with their adherents downsizing. “I don’t know. Maybe the guitar is over,” Eric Clapton said last year when asked about eroding guitar sales.
“Good question though.”
