PMT - physical shops going downhill?

[Buddster]

7 hours ago, Rich said:

We have a tiny music store in town, from what I can gather it relies on its (extremely good and busy) upstairs music school to survive. And I'm glad it does. All I ever buy from there is picks, as I don't need any budget basses and they don't carry my preferred strings. But it's nice to know it's there. 

I popped in there a couple of weeks ago to get a midi cable. The guy behind the counter didn't know they sold them and has never sold one in ten years working there! It was quite reassuring in a way. 

I do hope it doesn't close, even it's a more traditional sheet music type shop. 

[diskwave]

Fom the very first day they started I thought this ....PMT?  Really?.  Anyone else ever thght the same?  Marketing is a very powerful tool and if it dont look right or sound right it can have an adverse affect.

[Machines]

Just now, diskwave said:

Fom the very first day they started I thought this ....PMT?  Really?.  Anyone else ever thght the same?  Marketing is a very powerful tool and if it dont look right or sound right it can have an adverse affect.

 

I think the coincidentally humorous name was not an issue for musicians.

[Kiwi]

Gear4Music has bought out some stock and IP from PMT but not assets or liabilities.  Any PMT customers with unfulfilled orders seem set to lose their money which seems a little rough.

https://www.gear4music.com/us/en/information/PMT

 

https://musictech.com/news/gear/pmt-closes-all-stores-sells-stock-gear4music/

 

[rwillett]

13 minutes ago, Kiwi said:

Gear4Music has bought out some stock and IP from PMT but not assets or liabilities.  Any PMT customers with unfulfilled orders seem set to lose their money which seems a little rough.

https://www.gear4music.com/us/en/information/PMT

 

https://musictech.com/news/gear/pmt-closes-all-stores-sells-stock-gear4music/

 

 

That's the way it goes in bankruptcy proceedings. I'm not defending it but that's what happens.

 

HMRC tend to be the first creditor and Joe Public is at the bottom of the pile. 

 

Any outstanding purchase orders will be lost and if you haven't paid for it in a credit card, it's likely you've lost some or all of your money. 

 

The suppliers have also lost money which is why they tried to get their stock back when they knew. 

 

A builder in my local village went bust doing my sister in laws house and the local builders merchants who supplied the builder came round tried to shovel up the sand he'd put down and take the bricks he'd started building with back. 

 

Bankruptcies aren't nice, some people use them fraudulently and seem to come out OK, but most are pretty bad. 

 

I lost circa £2K 15 months ago when a plumber just closed up, not a bankruptcy but he said he'd sold the buisiness on to another company but no one could find out who the new business was and he wouldn't say who it was. The work that he started was left and I got another plumber in to finish.

Police said it was a civil mater and wouldn't get involved. Other people lost over £30k. We didn't chase it further as it would cost more than £2k for us to do it. 

 

Rob

[prowla]

My general rules:

• Never accept or buy vouchers, gift cards, promisory notes, or credit notes from a company.
• Never book in advance.
• Never pay for work not done/completed.
• Never pay remotely for goods/services using an unsecured method (bank transfer, PayPal F&F, etc.).

Edited 22 hours ago by prowla

[Musicman666]

pmt was ok ...i bought a squire and even had a couple of basses worked on plus strings and pedals ..i think there is now no other option for me other than online. 

[prowla]

(Squier)

[Musicman666]

44 minutes ago, prowla said:

(Squier)

yadda yadda..lol

[Cosmo Valdemar]

2 hours ago, prowla said:

(Squier)

Actually, PMT had recently started selling servants and apprentices but there weren't enough customers with the knighthood required to purchase them.

Just one of the possible reasons for their untimely demise.

[prowla]

1 minute ago, Cosmo Valdemar said:

Actually, PMT had recently started selling servants and apprentices but there weren't enough customers with the knighthood required to purchase them.

Just one of the possible reasons for their untimely demise.

That sounds squiffy!

[nekomatic]

3 hours ago, prowla said:

(Squier)

[prowla]

[pete.young]

They missed 'laziness' - it's written on every headstock. It's a Fender brand now, but the Squier company was created in the 1890s by one Victor Squier.

[Stub Mandrel]

My last visit to PMT Cardiff was only a couple of weeks ago. I've noticed it declining for over a year. Only a few doors up from long established Gamlins that closed recentlyaftef a long period of selling off stock.

 

I commented to my partner that PMT was on it's last legs and that it was a shame Gamlins couldn't have hung on for a few more months.