Another Guitar Shop Bites the Dust

[Richard G]

Another blow to the music industry, Professional Music Technology (PMT) went into receivership yesterday. All 11 guitar stores throughout the U.K. closed its doors permanently and laid off hundreds of employees.
Whilst turnover last year was £43 million, the company unfortunately still made a loss. The emerging picture appears to be that people are still buying guitars and associated equipment however ever-decreasing small margins and changing buying habits towards online purchases are the two main reasons why PMT now no longer exists.
A sad day indeed.

Richard

[charjo]

It’s getting more and more difficult to actually demo a guitar for it’s feel and tone. There is nowhere near me to demo a variety of PRS guitars or boutique amps since one of our major retailers, Cosmo music, went under.
John

[sunjamr]

About 30% of the New Zealand population is of Polynesian ancestry, and Polynesians love guitars. Plus the young people here are mostly into modern and classic rock and love the sound of guitars. So I’ve got my fingers crossed that our guitar shops here will survive at least until AI takes over the world and the humans die off.

Sunjamr Steve

[Author]

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