Guitar Center - Another Troubled HSBC Retailer
March 17, 2005: Guitar Center’s shares recently traded at $51.57, down $2.53, or 4.7%, on Nasdaq. “Guitar Center Warns of Weakening Sales” said another headline. “Executives of Guitar Center didn’t return phone calls Thursday requesting comment” said the Los Angeles Times. Predatory lender HSBC is the financing for Guitar Center private label credit cards, via HSBC’s Household International division. “When troubled companies turn to a predator it catches up with them in the long run by alienating customers” said Household - HSBC Watch.
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