One of the largest music chains in the UK pulled its entire website and closed it to “maintenance”.
The sudden step, which occurred on March 25, has raised concerns that the distinctive works may be closed forever.
3
GAK, which means Guitar, amp and keyboard, is a musical retail and equipment company, operating in three Brighton stores and online.
It has been the main element in the music scene since its establishment in 1992 – and it usually works seven days a week.
So the sudden – and unannounced closure – came as a shock to the local population, who quickly started to predict online.
One of the clients, who asked for an online guitar, was surprised to receive an email saying that commercial activity was not currently circulated, according to Argus.
According to what was mentioned: “Unfortunately, due to the unexpected circumstances, the store is closed and we cannot do any trading at the present time.”
The neighboring stores “expressed confusion” about the transformation of events – which also witnessed lists withdrawn from the site.
Meanwhile, the “permanently closed” mark appeared on Google Maps – although active social media channels remain.
Among the music enthusiasts were confused by a rapid sale request that rose in the business sale report market, which seems to match the description of GAK.
The company offered for sale was described as retail stores and a supplier of music machinery in southeast England, with a sales of 20,364,000 pounds.
The statement added: “An exciting opportunity to acquire one of the largest and most confident musical retailers in the United Kingdom,” the statement added.
“Offers are invited from serious buyers. Initial offers will be presented by 5 pm on Friday, March 28, 2025, with the best final offers by 5 pm on Monday 31 March 2025.”
GAK was founded by the modest market booth by the enthusiastic Gary Marshall.
Later one of the first British retailers to run the postal request service – before expanding online sales in 2002.
The company was obtained by the co -managers of the participating administration Ian Stevens and Max McClalar in 2021 – who were hoping to increase its presence online.
They told Argus at the time: “While GAK and the music industry have faced challenges in recent years, we are now in a good position to take advantage of short and long -term opportunities.”
the news It comes after Whsmith confirmed plans to sell all the remaining Hightstreet stores in a 76 million pounds of £.
The 232 -year -old British works He agreed to cancel the download of 500 branches to Modella Capital – which will eventually restore the brand as TGJONES.
Whsmit was slowly turned away from its stores in the city’s centers, and the shopping outlets that converted its focus into its most profitable brand.
“We have very successful travel works, working in rapid growth Markets In 32 countries and we are constantly creating to provide strong returns and meet the needs of our customers and partners.
“Our travel business is currently about 75 % of the group’s revenues and 85 % of its commercial profits.”
Retail pain in 2025
The British Retail Union expected that the Treasury increased to the employer NIC will cost the retail sector 2.3 billion pounds.
Research conducted by British Chambers shows that more than half of companies are planning to raise prices by early April.
A survey of more than 4,800 companies found that 55 % expect prices to increase in the next three months, up from 39 % in a similar survey conducted in the last half of 2024.
Three quarters of companies were martyred at the cost of employing people as basic financial pressure.
The CRR also warned that about 17,350 retail sites are expected to close this year.
It comes in the back of 2024 difficult when 13,000 stores closed its doors for good, already an increase of 28 % in the previous year.
Professor Joshua Bamfeld, CRR director, said: “The results of 2024 show that although the results of the closure of stores in general were not poor as it was in 2020 or 2022, it is still concerned, with worse in 2025,” said Professor Joshua Bamfeld, CRR director.
Professor Bamfield also warned of a dark look for 2025, expecting that up to 202,000 jobs in this sector can be possible.
“By increasing the costs of operating stores and costs on the family of all consumer, it is very likely to see the losses of retail jobs expanding the height of the epidemic in 2020.”
3
adxpro.online