50 Companies At Risk of Bankruptcy in 2020

Published on November 26, 2019
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Guitar Center

Formerly known as The Organ Center, then The Vox Center, before becoming Guitar Center. Founded in 1959, Guitar Center is one of America’s largest music retailer. There are presently over 269 stores across the United States. Though things are slowly starting to look up for this little music shop- who knows when Guitar Center may find itself hitting a bit of a sales slump. It is a good thing that music is here to stay and Guitar Center is too, at least for the time being.

Guitar Center

Guitar Center

Notable Mention – RadioShack

Founded in 1921 by Dutch brothers who sold equipment for ham radio operators, we doubt that either brother knew they would become the place for electronics. During the glory days, RadioShack had nearly 7,300 stores and was a popular household brand. RadioShack would file bankruptcy twice, in 2015 and 2017. Eventually, it would close a majority of its stores due to the competition brought on by larger retailers such as BestBuy and Walmart.

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RadioShack

RadioShack