buldog5151bass
Kibble, milkbones, and P Basses. And redheads.
Yeah the original owners of Guitar Center, and Bain when they bought their stake, honestly didn't do any homework on this whole "growth" thing.
It's like they looked at profit projections for prior years and never thought "well, people may not need more than 1-3 guitars". Unfortunately they did not really track their saturation points, or test them. Does 50% of the country want to own a guitar? How many want more than one? Etc etc. They kept expanding despite not having a handle on those crucial questions.
To be fair GCs "minimal haggling" prices were not common when they started expanding. Before GC you would go to a semi-grungy music store and pay whatever you talked them down to. If you knew your stuff you'd get a deal. If you were grandma and they were having a bad week....you'd pay a bit more.
Then GC comes around during the music boom of the late 90s and brings the Target/Walmart/Macy's department store approach to the industry. They moved the instrument purchasing
Unfortunately they never really accepted that guitars aren't jeans, groceries, towels, etc. You do not need to replace them often. They are incredibly sturdy and are built to last for 20-50+ years.
So. Yeah trying to be the Walmart of musical instruments was just a bad call to begin with. IMHO.
Oh come on. Music stores have been making money carrying good musical instruments for years. But today, not many people buy more expensive guitars/basses in stores - their either buy from a boutique (Lull, Sadowsky) dealer, or buy online. The great majority of people buying from brick and mortar stores are those buying beginner instruments for themselves or a child.
Honestly, why should GC stock expensive instruments, if they are only going to be used as test models for the tire kickers? As @Immigrant said, most of the expensive ones get beat up, and therefore can't be sold.