The haters are at it again.
The sharks have been circling for a while, and the company has made some mistakes, but as I told the OP of the video on YouTube, there is little chance of the entire Guitar Center chain vanishing before the end of 2018.
The company needs to make some changes and a chap 11 filing might be right for them. They need to lose some stores and reevaluate their store models. They should look into expanding services like guitar repair\setup and amp repairs. The guys I have to take my gear to are backed up sometimes for weeks. I've noticed that Sam Ash is starting to rent gear. On the surface this looks smart and I like it. Yes, so gear will get dinged up, but people rent gear by buying it and returning it all the time, at least this way they can get a few dollars out of it.
It may be time to reorganize their stores as well. Home studios are where it is at these days. They should move the Pro Audio sections of the stores to a more prominent locations with better visibility and stock.
What they should NOT do is start focusing too much on these in-store brands. F Mitchell, F Acoustic, F Laguna. I know what I want, and it isn't your knock off.
If the worst came to pass, someone would buy the Sunset location and keep it open under the Guitar Center name.