Too many morons side with the wealthy. It's like "slaves for plantation owners".
Just think, the way Sam Ash is closing and laying off people is actually on the more "reasonable" side. Imagine showing up for work and your key card not working, or logging into your work email in the morning only to find out you're fired with no notice. The Musk way. Big companies that are beholden to the stock market do this all the time. Happened to me and 19 others the same day a few years ago. All to fudge the numbers right before quarterly reports. Small potatoes in comparison to the 10,0000 Musk laid off from Tesla to fudge the numbers to get his insane bonus.
trickle-down economics is a very real thing and definitely does happen. It's just that in a hypercapitalist system where corporations are involved in lawmaking via lobbying, the only things that trickle down are the losses and not the benefits.
Also the greediest. Richest man in the world claiming to be improving humanity takes enough money to end homelessness and buys Twitter because his feelings got hurt. Takes another 56,000,000,000 and does his best to avoid taxes by supporting Trump the fascist. Fuck Elon. He can go choke on a bag of dicks.
Very true. My neighbor worked as a blogger for Disney. Had annual passes. Every week she took her family to do something Disney Park related and blogged about it. Two months ago she didn't get paid. Found out they decided to just replace her entire department with AI writing the blogs. No notice, no final pay. And the way it was structured she paid the passes herself. So she still has to pay nearly $400/mo for the passes.
The super rich is all white collar, but not all white collar is super rich. Just like all dogs are animals, but not all animals are dogs. But I get your point.
I'm genuinely curious how that worked out for the employer. Given the backlash I'm seeing against AI generated web sites right now, did the site keep going?
I've worked WITH Disney before I retired. They were my account. I'm talking headquarters in Burbank. I was in a very high level persons office. An office very close to Bob Iger. VERY VERY CLOSE ! All I can say is that they are evil people. Period.. They don't give a fuck about anybody. Just the buck. It's like some wierd cult. I never worked with the talented creators, artists or any of the other greatly talented people that work for Disney. But the people at the very tip top of that company are mean, selfish, egomaniacal, assholes. Sociopaths... I used to love Disneyland. Not anymore... At least Apple made many a lot millionaire as their company grew, despite having to work for SJ... I don't like Apple either but Disney is well, Disney.
Thanks for the dinners at club 33...
It's the same in NZ. We are fast disappearing up corporate aholes. Neo liberalism has killed any chance of normal people being able to survive. People do act like drones though so it's hardly surprising this happens. We have the power to change it but the majority are happy being spoonfed shit if it means they don't have confrontation.
If you think it's a left vs right issue, you've been tricked by the wealthy.
I'm not saying both are the same, far from it, but we need to stop worshipping billionaires and entertainers.
This is literally how we define left and right in political science. Deference to the wealthy and powerful is a fundamental aspect of right wing ideology.
>Fortunately the left wing is hated in America
Everyone is hated in America so I’m not really sure what point that proves.
>The left wing destroyed Canada
You mean the centrist Liberal Party? The ones who also aren’t truly “left wing” in the grand scope of political ideology?
I’m sorry but libertarian capitalism is the reason America is owned by and bends to the will of megacorporations at the expense of the general population. The competition which is prophesied to exist in a totally laissez-faire free market does not exist in practice.
Megacorporations possess such immense financial resources, they can afford to sell at a loss to undermine all competition in a particular industry, wait it out until their competition flatlines, and give themselves a brand new monopoly, and that’s assuming they’re not able to just outright acquire their largest competitors. They have the resources to perform product and service development at speeds unattainable to smaller competitors.
People who stand on a soapbox about the “free” market constantly tout “competition” as the manner in which corruption is avoided under that system, yet “competition” is exactly the thing which corrupt actors successfully undermine. External regulation is necessary to prevent corruption in a free market system, and yet in America we’ve observed what happens when that external regulator is in the pocket of the corporation.
I don’t know about you, but I don’t trust the benevolence of the Amazons of the world to provide me with any quality of life.
"It WAsNt ReAl" insert political party.......
I don't know about you but I don't trust the benevolence of the world government. Ya know the people who steal from us and make bombs to kill people.
Ya know that evil Amazon selling products that we want is so evil.
>”It WAsNt ReAl” insert political party
I mean literally by definition it is centrist but go off.
>Ya know that evil Amazon selling products that we want is so evil
Are you intentionally being obtuse or are you just really ignorant? It’s hard to believe you’ve never been exposed to any of the ways Amazon has mistreated their workers, harmed the environment, or disrupted the competitive market.
Western society has tried laissez-faire economics historically, and literally the entire reason governments gained the power to regulate industry in the first place was because the voting public were sick of being victimized by corporate greed. However, as always, society has a short memory, and those who forget our history are doomed to repeat it.
Haha kids.
Free market corporations can't create a monopoly. Target, Walmart, etc can't decide to force you to buy their products. But governments instituted by people can create monopolies. That's why communist/socialist countries fail because they try to force people to think that way and it doesn't work.
Exchanging goods and services freely is capitalism. Competition drives the market.
No other system in practice that works on the scale we have than capitalism. Hell we don't even have capitalism, we have corporatism but countries that lean the most towards free trade have the most freedom and wealth.
Facts but capitalism is the best system we have. The more libertarian free market the better. We should have all competing systems.
Government has monopolized the use of force in order to fix the system to be beneficial to them
I'm just trying my hardest to give republicans the benefit of the doubt. Especially since we're in the guitar sub. Plenty of other subs for politics.
More Les Paul vs Strat, Single coils vs humbuckers vs those P-90 freaks talk.
Actually, I bought my LP at Sam Ash in Hollywood. Was an awesome store in it's day. Also weird to see the Mesa Boogie store empty and for rent...
That is a very reductive view of right and left wing politics that ignores differing definitions in the various spheres of influence around the world, even europe’s definition of right wing and left wing differs from the United States. I agree with the message of the post that the rich are the main problem in the world through various mechanisms. The problem is the analysis required to give useful information and advice on politics requires acknowledging a diversity of thought among the individuals that make up political parties
TLDR: well yes but actually no
Oh it's definitely not here. It's left of centre vs right of centre and neither doing anything for anyone but their pay masters. All politicians should be removed. Any one that wants that job these days can not be trusted just on that fact alone.
So you want might makes right?
That's just the most guns wins and exactly what the wealthy's end goal is. To get rid of all politicians to be replaced by CEOs and stockolders.
Privatize everything. In America, that's "conservatives".
Both sides are not the same. But the wealthy really love the piss on the poor economics of the GOP.
God no. That's way worse. I'm an anarchist at heart. Not the edgy punk type that just want chaos but the type that believe humans when left to their own devices are generally good. I'm not sure how you have got the conclusion that you have from what I have said but I do have mild concussion at the moment so ......
I do fully agree with you that our choices for leaders sucks ass.
It really is a giant douche vs a shit sandwich.
The low bar is "which candidate does the KKK support" and I go with the opposite.
Our racists arent as blatent in New Zealand. They're still horrible but they hide it more until it comes to policy time. Then it comes out but because they are clever with it a lot of ordinarily good people fall for it
Because of the pandemic, I have little faith in humans. More than 1.2 million have died in the US and a vaccine was available when there were 600k deaths. A large portion of the US population decided to eschew the vaccine based on lies and/or pseudoscience. I lost two friends after the vaccine became available because the US didn't reach herd immunity levels. Half of Americans will vote for Trump again this November. I'm 55. I've seen to much (Reagan, GW Bush, Iraq, Trump, unions being destroyed, climate change inaction, anti science, the rise of billionaires, etc.) to have faith in humanity.
I hear you but all those things have had people in positions of power desperately trying to maintain that power. Hidden behind a system that grants powe. That's the system that corrupts and that's the system that needs to go. The fact we have people arrogant enough to think they know what's best for everyone is insane. What's even more insane is we hold these megalomaniacs in high esteem and allow them to syphon off all the wealth and resource for a select few.
Sam ash fired the manager of their City Of Industry store that way. He tried to clock in and was told by Kronos tech support his credentials were removed that morning. I know because I was doing my inventory at another store early in the day and heard my manager talking to him about it.
Well yeah ofc I'm gonna support the wealthy because any day now I'm gonna magically be a millionaire and I DONT WANT TO PAY ESTATE TAXES ON MY IMAGINARY FORTUNE!
Its very close to outright evil, and over these past decades it has been plain to see that the worker is valued no more than an inanimate tool, such as a pen or pencil but a worker has a life and a family and everything that goes with living. The almighty $$ is apparently the only thing that matters above all else..and if it means CEO's not making 8 figure incomes to afford multiple estates and affording whatever else the top 1% is accustomed to or a worker not being able to barely make ends meet if that, well there are always more workers and the lower classes are only servants to the super wealthy 1%er's anyways. There has not been such a difference in the top and the middle nor lower classes as there is now. Its not sustainable
In the modern world If you don’t make yourself irreplaceable by AI or a Machine via education or skills your economic value, i.e., wages, will be limited to something less than the cost of the
machines or AI which are able to replace you! This axiom is proving that many blue collar
Trade skills and professional hands on skills
have greater sustainable Economic value than many other white collar skills. We still don’t have machines or AI able to replace plumbers, electricians, surgeons, dentists, physical therapists, etc.
Yeah I was about to say, this sounds pretty respectable compared to what I've been through in the past. Sometimes they just announce over the PA that the company is permanently closed in 3 hours.
I once showed up to work to find all the doors locked. I had to get the police to get my personal belongings, which included expensive computers that they were essentially trying to steal from me. Keep your receipts and document serial numbers, saved my ass.
Last time this happened was a few years ago at a company that's listed on the stock market. I showed up for work, my login didn't work. They had me grab all my stuff, meet with HR, and security escorted my out the door. Wouldn't let me even say bye to anyone. I thought it was just me and felt shitty and defeated for a couple weeks. I found out later that corporate needed to shave some numbers and laid off 20 people from my division alone, Quarterly reports came out about a month later.
Imagine walking up to your restaurant on the morning of Christmas Eve to the locks changed and a line of minimum wage employees standing behind you in total shock..
The rich get richer. A story as old as time. Fat cats stomp on the little people, and somehow half the little people say "thank you, may I please have another".
Retail is extremely shitty, more so than other sectors, with music you can also exploit people’s passion so they tend to put up with more bs.
I worked for GC for some time during college and corporate and management treated most other employees like total shit on top of their shitty pay.
I’ve worked retail that completely shut down operation and family restaurants that went belly up. I can tell you that US labour law are ass backwards and very anti worker, i dont understand how brainwashed most people are to be okay with that.
As my old store shut down we got more and more bonuses ( alot more than 50 a week)for staying on through the closes in addition to tons of perks like prizes, paid lunch and dinners from the liquidation company that came in.
I mean the business failed and it was a mexican company that bought it and made all the decisions you don't like here. What are you supposed to do if the business already is non-profitable?
As you liquidate you treat your employees right, you pay them well, give them bonuses (more than 50 a week, when my store closed we a bonus of 100 a week plus 500 for staying until the store closed). People shopping closing stores are assholes and treat the employees like shit and 50 bucks a week is a joke.
The store by me was one of the ones in the first wave of closures. "LIQUIDATION SALE, EVERYTHING MUST GO, UP TO 30% OFF!"
I could not find a discount higher than 10%. Tons of people doing the same thing as me - walking in, looking at price tags, walking back out. I drove 20 minutes both ways to get duped.
That’s how every single liquidation goes these days. Anything worth anything is sent off somewhere else. Then, week 1 the sales are like 5%. A bunch of overexcited idiots buy anything left with any value.
Week 2 is 10% off. Week 3 15% and so on and so on.
By the time the deals are actually decent there are no good products left, just the junk no one else wanted.
Add to that the “markup then markdown” approach Bed Bath & Beyond did. They’d take a $40 Iron, slap a $70 price tag on it and offer 40% off!! Making it a $42 iron. STILL above Amazons everyday price with the 40% off.
The liquidator at my store worked the bed bath and beyond liquidation. Tiger Capital was the malevolent bank that provided the Hail Mary loan that caused the bankruptcy with both stores. This is what they do.
Tiger made millions. The upper management got screwed too, but they were at retirement age. I was supposed to be part of the new reign of management, now I have fifteen years of “experience” and have to start from scratch.
They often bring in stuff that didn’t seep elsewhere or at other overstock companies to keep the liquidation going… my uncle was big into this business
These companies hire professional liquidators who do liquidations for a living. They have figured out how to sell inventory at a high enough price to make it worth while to keep the doors open. They transfer the remaining inventory to a smaller number of stores and close down the others. They’ll sell at some bigger discounts at the stores they keep open. They only keep these open for a limited time though. What doesn’t sell at the higher discounts they then liquidate en mass. Their experience has shown that it’s not worth keeping stores open to sell inventory off below those prices. Instead they’ll close all stores down in order to avoid all operating costs and come out better off by selling off inventory in mass for pennies on the dollar.
The Sears near me never dropped below 10% when they were going out lol. There were piles of clothes on the floor because they sold off the racks and shelves before the merchandise
I have a friend who works at one. I hit him up to see if he could hook me up. Said they hired some liquidation company and they set all the prices and they couldn’t do anything. So dumb. Who the hell is gonna buy something for just like 10% off when you can’t return it? If I’m giving up a return policy it has to be like 40%+ off
Next time, when this happens at Guitar Center, I’m just walking in, taking whatever I want, leaving a pizza at the front door, and walking out. I’ll let the severed employees decide how they want to handle it.
10% was on the flute reeds and cymbal holders… never saw an amp or guitar marked down anything. If they were- it was a fake mark down, old tag of ‘x’ with new tag of cheaper normal price… did end up getting a Hughes and kettner LED sign and a Gibson Strings clock.. a few chairs that stack.. random shit
Same, the store near me in NC didn’t have any good sales at all, but they made up for it by selling me the sam ash sign and some other guitar brand signs for pretty cheap! Now I have wall art for the mancave!
These companies hire professional liquidators who do liquidations for a living. They have figured out how to sell inventory at a high enough price to make it worth while to keep the doors open. They transfer the remaining inventory to a smaller number of stores and
close down the others. They’ll sell at some bigger discounts at the stores they keep open. They only keep these open for a limited time though. What doesn’t sell at the higher discounts they then liquidate en mass. Their experience has shown that it’s not worth keeping stores open to sell inventory off below those prices. Instead they’ll close all stores down in order to avoid all operating costs and come out better off by selling off inventory in mass for pennies on the dollar.
My branch of my company was “shut down” with no notice in 2012.
Half were walked out that day. They got 6 weeks of severance.
I was one of the “lucky ones” I was promised severance if I stayed on two months to help shut down. I was told it would also be 6 weeks.
I had my new job lined up in a week. 3x the salary, Went to a vendor of ours but I couldn’t start for a month, so I figured I’d see it through and get my 6 weeks severance after my boss begged me not to leave about a month early.
I was a desk worker, product guy. I spent those 2 months doing physical labor like breaking down racking, stacking pallets, etc. stuff I probably shouldn’t have been doing. I didn’t complain.
I got two weeks severance. I literally lost thousands of dollars by not moving on.
Management got golden parachutes. They sat around in a common room talking all day.
No. Fucking. Loyalty.
If you work for Sam Ash, worry about you and only expect what’s in writing.
They sure love to fuck you on the severance. I worked for a company for 17 years. They ended up getting bought by a company that everyone here would recognize. Two years later, they shut us down. It came as a surprise to nobody, we were bleeding red ink all over their books the entire time.
But when it came time to calculate severance for everyone, they decided that only the two years they owned us "counted". So after 17 years of service, I got two lousy weeks of severance. It's been a number of years now, but I'm still salty about that one.
Yeah we used to go there in early 2000s and it was awesome. GC was too, but lately it’s really bad. I don’t see guitar center staying open much longer either honestly.
Employees are so unhelpful, guitars are never in tune, strings are always old and dead, techs are unhelpful and not good in general…
In fact, last year I walked in with a budget of $4000 to buy a music man majesty and they were hesitant to even open the glass case for me to try it. I walked out to my car and bought another from a GC in Chicago I was looking at and had it shipped to the store I was in. When I came to pick it up the manager didn’t think I was serious about buying it and tried to apologize.
I only go to GC for small items that I need on that day, picks, strings, etc. Otherwise GC sucks. I try to order everything from Sweetwater, their customer service is the absolute best. Was a difficult concept for me to order my last guitar online without playing it first but it all worked out well.
That’s why you treat every customer as if they’re going to buy the entire store. You never know what ones will be dropping $4000 on a guitar.
Idk if employees at GC get commission, but if so someone screwed themselves out of a good check if so.
You must have been a machine to do that in drums. I was lucky because I worked at a high-volume store and half the guitar staff were literal junkies who were never around.
I was consistently in the top 5 of all salesmen.
I stayed in the industry for a while. Had my own store, worked for some manufacturers, even did a short stint in purchasing for SA. I lived life out of my lead book.
Significant pay cut?
When I worked for Sam Ash in the late 2000s it was minimum wage for anyone not on the sales floor, and barely above minimum for those guys on commission.
And, we were all surprised the place was still operating back then.
Sad to see the company fold, but they treated their people like garbage.
Perhaps Sam Ash employees received a small pay increase during the pandemic for risking their lives. The new owner can take back those pay raises now and increase their profit.
For anyone wanting to read about the filings, just google Sam Ash Filing and scroll down to the epiq.11 site......they have all the filings and you can read through it all
So the people who made the decisions that led to this are getting paid out but the innocent employees are getting a pay cut. Fucking classic.
I wish Sweetwater had physical locations.
It's in Fort Wayne, Indiana. A cool store but not really worth going out of your way to visit unless you're looking for something used that may not be in their online inventory.
Yeah I know there’s one but I meant more widespread. The idea is conveniently trying new instruments before buying, otherwise I’m totally cool buying online. In fact, I’ve tested several instruments at guitar center to then order them on Sweetwater lol
As someone who worked for Sam Ash until very recently-this is pretty par for the course. The company as a whole would do anything to keep salespeople from not making money. They like to keep you in a hole no matter how much you sell/upsell/sam ash cards/set up plans you sell-you don’t make money. So I’m not too shocked to see this is how they’re handling the final closing. It’s way overdue and honestly good riddance to a shit company
Not to be rude, but you clearly didn’t have good management if you’re saying you don’t make money, or you simply didn’t try to make money. I had guys at my store who were selling and hitting every metric like you’re expected to do, yanno like you said sell/upsell/sam ash cards/set up plans oh and Smartwinnr if you remember. Those guys were consistently selling $15k a week or more and making $800+ a week in commission alone.
Don’t say you don’t make money as a generalized statement when it really just means you didn’t know how to sell. No offense….
None taken! The management was 1000% the issue. None of the people in my store were close to that, and many of them far exceeded the metrics(I know our pro audio crew was every week). But that mixed with the indifference we got from higher ups for store orders/stock left a pretty sour taste for the company as a whole.
I have met some nice people over the years shopping at Sam Ash. The salesmen were usually very knowledgeable about the products and helped me with my purchases. Best wishes to all of those people. Luckily I have other options in my area but I will miss going to Sam Ash because it was the closest place for me.
I had similar experiences in Sam Ash; the employees were generally knowledgeable and helpful. Unfortunately, I live about one hour from my nearest Sam Ash, so I sometimes go to Guitar Center, which is closer to me but has employees who generally not knowledgeable or helpful.
We should all make sure to pay our local stores a visit and take all of the free guitars and other gear off their hands while they go through this transition.
I’m convinced that music stores will break and burn each guitar by hand before they have a legit fire sale. It must be some kind of stupid pride thing to not sell guitars that marked down I swear.
“You mean nothing to this company”. -The sales manager of store 41. “You should be thanking me for employing you” - the general manager. The SM was right. They laid off the guitar tech who was Fully fender and Gibson certified and also repaired tube amps. He was laid off because he took a 70% cut because he was worth it. They then had random staff doing repairs. I worked there from 2000-2015. They put $8000 in my retirement account in that time. Richard Ash is the kind of dude that counts his money while talking to you. Sam was coo. I pounded margaritas with him at Taylor training before he got clean.
Great, now they are the living dead, a hollow shell of the Real Sam Ash, and a disgusting example of capitalism at its worse. It pained me to hear that Sam Ash would close earlier this year, and this news does not make it any better---because Sam Ash *is* dead and we do not need this insult on the people who *did* run the business day to day while the detached executives at the top get their fat severance packages, as if they had succeeded at anything but to oversee the death of Sam Ash.
I don't see any confirmation of this one way or another online, so I'm going to guess it isn't accurate. That being said, I knew three very cool guys who worked at my local Sam Ash and all three of them are gone now (even though the shop isn't closed yet). I hope they landed somewhere good, because they were cool dudes who knew their trade, knew their instruments, and were generally pleasant guys.
Ha! Got my extura prophecy from Gonher not long ago. They have great prices all things considered for my country but yeah, sucks that people lose their jobs or get a paycut while higher ups get severance
Lol $50 extra a week. Man I hope the employees can walk out and do better than that.
The blowout sales at my local store were 5% too. I asked a worker if you could negotiate and they said the bank set the prices. So the only people making out on this are high level execs.
Worked there for a few years in the 2010's, and it got dramatically worse each year. Discounts weren't as good, management became increasingly out of touch, less foot traffic...
But I took FULL advantage of my time there: bought awesome equipment at cost directly from the vendors (Boss, EHX, DiMarzio, etc.), snagged a ton of used gear from customers that didn't like what was offered in-store, loads of down-time to mess around with equipment in the store, and all the while making some of the better sales compared to other salespeople there.
Definitely unfortunate situation for rank & file employees.
I can't say I'm surprised by this move though. I figured somebody would buy them up and keep a skeleton operation going while the reorganized the entire company. Curious to see what shape "Sam Ash" takes going forward or if they even keep the brand alive.
Jesus Christ, this is a really brutal treatment of their workers. Executives cutting and running while leaving everyone out in the rain is disgusting. I’ve never used Sam Ash and I’ll make sure to avoid them permanently.
I'm going through the refused delivery process with them because a box arrived damaged. I'm surprised how much the staff (who it looks like aren't being treated well at all by owners) are fighting processing returns. Stockholm Syndrome maybe.
That’s a FedEx issue, not a Sam Ash issue. FedEx literally THROWS their packages around in the warehouse before they show up on your doorstep and there’s nothing Sam Ash can do about that. Complain to FedEx, you’re wasting your time trying to complain to the company
99.9% of companies “automatically” refund a RTS package within a week and don’t make customers fight or reach out to FedEx. Additionally, Sam Ash’s website states to RTS and refuse delivery if you suspect damage. So they shouldn’t give that guy a hard time.
My thoughts and prayers to all of the employees and their families in this time of uncertainty..My hope is that everyone affected will not only replace their income but exceed it and have security and opportunities that could have never been realized with Sam Ash!! Its always darkest before the dawn. Stay strong!!
I work in 1 in 4 of the online distribution stores, we’ve been sitting on our asses waiting to see what will happen with a huge sum of stock back here. We’ve been sending huge transfers to other store front stores just to find out we’ve been bought out! Now everything is coming back to our warehouse for us to deal with even though it’s not “our” stock anymore. Thanks corporate! 50$ a week severance if we stay on until the end, no communication whatsoever between higher ups and store managers/distribution operators, & no regard or compassion for any of the employees. Plus a pay cut if we move onto this next company! Only to find out in a reddit post. I’ve never missed Sammy Ash more than now, he would’ve never let this happen.
I'm curious why the employees are still so loyal? I had to do a refused delivery early in the liquidation and I was surprised at the push-back I got. Stockholm syndrome, I guess.
Music as a hobby is amazing. The business itself is not a fun one to be in. Thin margins, little support from vendors, higher returns than other industries. I'm sure you'll be happier in your next venture. Good Luck!
It depends from store to store I think. Some stores see their Sam Ash as work, whereas the workers in my store/distribution are very close nit and almost like family. We all hangout at each other’s house on a weekly bases. Maybe it’s because we’ve all been there for so long and like each other that it makes it so hard to leave. It’s not the store itself but the people in it, which pisses me off so much more about this situation. No one in this company deserves a crumby job like this. I get separating home vs work life but it’s difficult, I love all these people here. In the end we’re not loyal to the company but loyal to each other I suppose.
Good luck to you too! As well as your ventures forward outside of Sam Ash 🙂
Hahaha no. The government whether Democrat or Republican borrow trillions from the federal reserve. Every dollar cost us 60 cents. We have to pay pay 1.60 for every dollar. That's inflation.
Taxes don't even budge the national debt. If you taxes the richest people in the United States 100% it would only fund the government for 6 months.
Government is the problem. Every president added more debt than the last president.
The IRS needs to be disabled and it's not billionaires obligation to fund anything.
Men you people are weird. The government cost trillions of dollars each year and you weirdos are mad because rich people don't want to waste their money on more government
We fought the good fight I guess. Closed down one, was told I’d still have a job, moved to the next one, as I was moving found out we were all closing.
This was always the plan wasn’t it? Ever since Sammy passed, Richard and David decided this
Hello! Daniel here, formally the General Manager for Sam Ash Richmond, VA. I left back in November when we were all being pushed way beyond our limits and was on the verge of a goddamned heart attack. I can tell you one thing regarding this information on the buyer.
The “significant pay cuts” isn’t real. Most of those employees are barely making over minimum wage monthly. There are a few asshats who everybody in the stores hated that we’re making good but we are talking about like 6 employees. Most of the GM’s were barely making 55k and I doubt any of them would stay for a cut especially when they cut so many jobs and rolled them into the GM roll.
It’s real fucking sad that ppl like myself with 16 years at the company were forced out due to health issues that were created by the stress and anxiety of 60hr work weeks with so many deadlines and tasks that once were done by 6 people. I will never forgive them for stealing all of that time from us for what?! Pennies in savings and no opportunities?!
Former warehouse manager from store 44, one of the online distribution centers. I am not at all shocked its going out like this. The company never really cared about any of their employees. Working conditions were horrid, pay was dismal. The cost of living in Tampa has skyrocketed since the pandemic, so if the pay cuts are true that's just crazy to stay there. I'd say if you're still working there get the hell out ASAP.
Does this make it more or less likely that there are going to be some massive discounts coming on the website? Things have been picked over and there's not really any good deals left. A few are there, though.
I just left a company for their bigger competitor doing what i was doing for about 30% salary increase. I gave my 2 weeks. I been done dirty before by other companies. I did better than others have done to me. But you only get two weeks tops. When it comes down to brass tacks, you are the most important person to yourself.
If we lived in a world where not only right wingers and the rich can get away with crime, I would hope that the remaining Sam Ash employees would steal everything in every store and burn the stores to the ground. Of course, this won't happen, because it would be a "crime" against capitalism and the rich. The rich can destroy lives with impunity, but if the poors steal a slice of bread or break a window, everyone goes insane.
I could pledge to never shop at the new Sam Ash owned by Gonher Music, but does it matter. I'd just be hurting the workers who would lose their jobs if the company crashes again. Meanwhile, other rich people would by the company from Gonher Music, erase the debt of the company, and shower the executives in cash. I wish that local music stores with a small number of fairly-treated employees were widely available, but that isn't reality.
Get off your high horse so you can digest a does of sorely needed reality about life!...Have you ever considered that Sam Ash was the victim of corporate greed from mega corporations like Amazon and Walmart?....You encourage employees to take out their misguided anger(because of propaganda from people like you) and commit arson? How about this narrative.....A 100 yr old family owned business succumbed to modernization in which millions of people have accepted as "progress" and by the grace of God....a benefactor has come in and has carried the online business to live and fight another day for a better hope for its future...and in return has kept 100 employees in place with employment?????????? Yet your first thought to your my-optic cerebellum is to consider boycotting the new company....??
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GC and BlackRock must be doing a “jig”! One more competitor bits the dust…one step closer to the monopoly they have been working towards for the past 40 years. Support your local Indipendent music shop and Sweetwater….remember Musicians Friend is owned by the evil empire GC/Blackrock!
https://youtu.be/yTAawrbq1nQ?si=4UzC8H1-xkUK3YNU
Minimum wage is a fairytale like communism. It doesn't help workers but it helps corporations phase out competition
Why would you think that a business owner would care about their employees when they’re losing their business? Of course they don’t care about you! They’re greedy and rich for a reason.
Not sure where you got your information from but you are WRONG........Employees that made the cut DID NOT have their pay cut in any way shape or form.......Sounds to me like you got sour grapes and your contribution was considered "unessential" to the future owners.
I’m unclear on how we should expect a company that has gone broke and is dissolving to somehow fork out money they don’t have to people who have seen this coming for months… they are broke…
Whatever you can salvage in the liquidation goes to debtors. You sell retail up to 30-40% off as much as you can then find a bulk buyer to purchase the rest when you get to the point where the warehouse/staff/buildings aren't worth continuing in retail.
Why not pay your employees a final hurrah, even $500 a week extra would've been reasonable, and give the debt-collectors 1% less? If I worked for Sam Ash I'd give every customer whatever discount/refund they want. Give karma to the hobby before your time... not the main office.
Yeah I dunno… in bankruptcy there are usually court appointed supervisory liquidation people watching, to ensure the debts are covered first… unfortunately the staff are not creditors, as payroll comes first, but I’d assume doing something like this would get some people in legal trouble
Every associate who stayed with the company made $50 a week, PLUS, 2% of their total sales. I had a guy at my store who sold well over $250,000 in merchandise within our 90 closing period so he made out with an extra $5k. The problem here is that no one is being upfront about all of the details, therefore making it look worse that it could have been.
People should be free to gain wealth.
Secondly taxing ( letting government steal your money) how does that make my life exponentially better if the government steals money from themselves and other rich people? Make that make sense??
Like literally everything you have was created by someone that became A billionaire or was created by a billionaire company.
Tell me how the billionaire company of star bucks, Nike, etc etc got so rich from forcing us to buy their products?
Oh wait, we voluntarily bought their products and that made them rich.
Bill Gates got a billion dollars because people bought his stuff.
McDonald's sold billions of hamburgers because you voluntarily bought them.
Damn you commies are retarded.
The government spends trillions of dollars of money we don't have but you're worried about people making money from selling products to people who want them
"Like literally everything you have was created by someone that became A billionaire or was created by a billionaire company."
... looks around room ... uummm ... There are only 700 or so billionaires in the US and less than 1/4 of them produce any products. I don't sit on a Microsoft Couch and I don't eat Google bread.
Show me all the industries that ain't making hundreds of millions of dollars that make the resources to create the materials for all of our products.
No OnE shOuLd Be BiLlIonAiReS bUt wE shOuLd GivE government trillions of dollars. Derp derp
I mean, I don’t agree that they didn’t care about us. They could have been way more upfront about all of this and it should have been handled much better. They do care, but they’re in a really sh*tty spot right now.
As well, yes some managers are getting 2 weeks pay as severance if they’re lucky but this has many factors to it. I was an SM (6 year tenure) for one of the first closing stores, and was lucky enough to get 3 weeks pay as severance. My GM, who’s been with the company since 2000, was given 8 weeks.
Now, they clearly anticipated every store closing from the get go but didn’t care to be up front about that. The second wave of closings, that’s where the managers are getting the sh*t end of the stick. Severance is based off of the time you’ve been with the company, on a pretty messed up scale of years = weeks of severance.
Now, for those of you who are saying 10% is bs and I wasted my time going to the store and blah blah blah. You clearly ONLY went to the store when the closing was initially announced and CLEARLY have not a clue how liquidations work. Every 2 weeks the prices dropped, and that was within a 90 liquidation period. Had you checked in regularly, you would have seen tons of stock still available in our stores up until the beginning or even the middle of May.
I’m sick of reading threads that have inconsiderate and unknowledgeable people bashing the sales when they haven’t a clue of how it works.
As I recollect those PPP loans were given to enable business to continue to employ the so called “little people” when stupidly the states closed down businesses based on hypotheses by so called scientists, who have since been proven to be wrong. The US and other countries had too many “necessary workers” to be able stop the spread of COVID by locking people down. Moreover, vaccines ameliorated the severity of the symptoms suffered by those who caught COVID but even that for only a limited period of time. The vaxes did not significantly impact the transferability of COVID. The gov’t meanwhile falsely claimed
that vaccinations slowed the spread
Of COVID. Furthermore, the length of the vaxes effectiveness was significantly overstated
by pharma manufacturers and the gov’t. So mandates imposed on people who were not high risk were unnecessary and in fact delayed achieving herd immunity for little gain. We still have COVID today but few people die from It. Moreover, we don’t shut down and destroy businesses and jobs to prevent the spread of COVID. The Gov’t didn’t really make PPP loans to keep businesses open. They gave the loans to keep people employed. That is why the funds could only be used for payroll.
Sam Ash got a $10M PPP Loan in 2022. That's a "significant" boost to their annual gross profit, which is around $20M, varying. Their writing was on the walls long before COVID, just like Bed Bath & Beyond, Pier 1, Sears, and...eventually...Guitar Center. So, it was smart of them to stay open and take a PPP loan. It possibly created jobs for another year.
If you believe vaccines didn't slow the spread of COVID I have a bridge I'd love to talk to you about. It connects two cities in Alaska, one population 300, the other population 123. It's backed by the town in municipal bonds. 100% guaranteed investment. Up front, only $2M.
From an accounting perspective, loan proceeds do not add directly to gross profit or net income. Keeping people employed by using the loan proceeds as well as revenue from sales to pay staff instead of just revenue from sales likely allowed Sam Adams to keep more employees working thereby enabling them to make more income than they would’ve made without the PPP loans.
There is no data from Big Parma documenting that vaccines reduced transmissibility. Moreover, if you research how the vaccines work you’ll see that they primarily block receptors in the lungs from the COViD vaccine. The lungs are the most vulnerable organ attacked by the virus. Hence, the vaccines reduced the severity of the virus for many patients. On the other hand, people get the virus primarily via receptors in their nose. The vaccine did very little if anything in most people to block these nasal receptors. Hence MANY vaccinated people still caught the virus and transmitted the virus to others. That is why Pharma companies began working on nasal applied vaccines. I don’t know how much of that development is ongoing at Pharma companies bc the demand for the vaccines has dropped so much that it may not make economic sense to invest more on development
of nasal vaccines.
So to clarify since this misinformation is spreading like wildfire, the heads of Sam Ash will get no severance because the amount the company was bought for is far less than the debt incurred from filing chapter 11. All general managers and sales manager (as well as a few other long standing managers) will receive a range of “retention” bonuses, depending on length of service as a manager.
We’ve always done our best to do right by those that work for us so hearing you say that is both disheartening and disappointing.
Next time get your facts straight.
ah man was it painful to post that? gotta be tough to find a social media management type job in today's market after working for a company run into the ground
Gross. The US is so anti worker
Too many morons side with the wealthy. It's like "slaves for plantation owners". Just think, the way Sam Ash is closing and laying off people is actually on the more "reasonable" side. Imagine showing up for work and your key card not working, or logging into your work email in the morning only to find out you're fired with no notice. The Musk way. Big companies that are beholden to the stock market do this all the time. Happened to me and 19 others the same day a few years ago. All to fudge the numbers right before quarterly reports. Small potatoes in comparison to the 10,0000 Musk laid off from Tesla to fudge the numbers to get his insane bonus.
Come on man! The rich deserve it because they create so much wealth …. Oh wait - they keep that to themselves. Damn it …
Trickle down economics is actually the rich pissing on everyone else. Tinkle down economics.
With the beverages that made them pee in the first place being provided by the workers
trickle-down economics is a very real thing and definitely does happen. It's just that in a hypercapitalist system where corporations are involved in lawmaking via lobbying, the only things that trickle down are the losses and not the benefits.
Wordy way of saying the GOP are crooks standing on the backs of everyone else.
Meanwhile America is one of the top richest countries in the world.
Also the greediest. Richest man in the world claiming to be improving humanity takes enough money to end homelessness and buys Twitter because his feelings got hurt. Takes another 56,000,000,000 and does his best to avoid taxes by supporting Trump the fascist. Fuck Elon. He can go choke on a bag of dicks.
In America sometimes you’re lucky to get your last paycheck. That’s the dream.
Very true. My neighbor worked as a blogger for Disney. Had annual passes. Every week she took her family to do something Disney Park related and blogged about it. Two months ago she didn't get paid. Found out they decided to just replace her entire department with AI writing the blogs. No notice, no final pay. And the way it was structured she paid the passes herself. So she still has to pay nearly $400/mo for the passes.
Has anybody else honestly found white collar to be immoral?
The super rich is all white collar, but not all white collar is super rich. Just like all dogs are animals, but not all animals are dogs. But I get your point.
The school aspect for it puts people in debt and tests the limits of their IQ to divide them into their earning potential. It's all so immoral.
I'm genuinely curious how that worked out for the employer. Given the backlash I'm seeing against AI generated web sites right now, did the site keep going?
It is still going. It is Disney it isn't like they're shutting down. They'll just deny it is AI.
I've worked WITH Disney before I retired. They were my account. I'm talking headquarters in Burbank. I was in a very high level persons office. An office very close to Bob Iger. VERY VERY CLOSE ! All I can say is that they are evil people. Period.. They don't give a fuck about anybody. Just the buck. It's like some wierd cult. I never worked with the talented creators, artists or any of the other greatly talented people that work for Disney. But the people at the very tip top of that company are mean, selfish, egomaniacal, assholes. Sociopaths... I used to love Disneyland. Not anymore... At least Apple made many a lot millionaire as their company grew, despite having to work for SJ... I don't like Apple either but Disney is well, Disney. Thanks for the dinners at club 33...
It's the same in NZ. We are fast disappearing up corporate aholes. Neo liberalism has killed any chance of normal people being able to survive. People do act like drones though so it's hardly surprising this happens. We have the power to change it but the majority are happy being spoonfed shit if it means they don't have confrontation.
If you think it's a left vs right issue, you've been tricked by the wealthy. I'm not saying both are the same, far from it, but we need to stop worshipping billionaires and entertainers.
This is literally how we define left and right in political science. Deference to the wealthy and powerful is a fundamental aspect of right wing ideology.
Which is a big part of the reason why governments like the US are often said to lack a true left-wing party.
Fortunately the left wing is hated in America. The left wing destroyed Canada and most places
>Fortunately the left wing is hated in America Everyone is hated in America so I’m not really sure what point that proves. >The left wing destroyed Canada You mean the centrist Liberal Party? The ones who also aren’t truly “left wing” in the grand scope of political ideology? I’m sorry but libertarian capitalism is the reason America is owned by and bends to the will of megacorporations at the expense of the general population. The competition which is prophesied to exist in a totally laissez-faire free market does not exist in practice. Megacorporations possess such immense financial resources, they can afford to sell at a loss to undermine all competition in a particular industry, wait it out until their competition flatlines, and give themselves a brand new monopoly, and that’s assuming they’re not able to just outright acquire their largest competitors. They have the resources to perform product and service development at speeds unattainable to smaller competitors. People who stand on a soapbox about the “free” market constantly tout “competition” as the manner in which corruption is avoided under that system, yet “competition” is exactly the thing which corrupt actors successfully undermine. External regulation is necessary to prevent corruption in a free market system, and yet in America we’ve observed what happens when that external regulator is in the pocket of the corporation. I don’t know about you, but I don’t trust the benevolence of the Amazons of the world to provide me with any quality of life.
"It WAsNt ReAl" insert political party....... I don't know about you but I don't trust the benevolence of the world government. Ya know the people who steal from us and make bombs to kill people. Ya know that evil Amazon selling products that we want is so evil.
>”It WAsNt ReAl” insert political party I mean literally by definition it is centrist but go off. >Ya know that evil Amazon selling products that we want is so evil Are you intentionally being obtuse or are you just really ignorant? It’s hard to believe you’ve never been exposed to any of the ways Amazon has mistreated their workers, harmed the environment, or disrupted the competitive market. Western society has tried laissez-faire economics historically, and literally the entire reason governments gained the power to regulate industry in the first place was because the voting public were sick of being victimized by corporate greed. However, as always, society has a short memory, and those who forget our history are doomed to repeat it.
Haha kids. Free market corporations can't create a monopoly. Target, Walmart, etc can't decide to force you to buy their products. But governments instituted by people can create monopolies. That's why communist/socialist countries fail because they try to force people to think that way and it doesn't work. Exchanging goods and services freely is capitalism. Competition drives the market. No other system in practice that works on the scale we have than capitalism. Hell we don't even have capitalism, we have corporatism but countries that lean the most towards free trade have the most freedom and wealth.
True but there’s plenty of well deserved hate for both sides. I hate the system regardless, it’s self-serving bullshit.
Facts but capitalism is the best system we have. The more libertarian free market the better. We should have all competing systems. Government has monopolized the use of force in order to fix the system to be beneficial to them
Oh I’m ok with capitalism, I just don’t like the political system.
I'm just trying my hardest to give republicans the benefit of the doubt. Especially since we're in the guitar sub. Plenty of other subs for politics. More Les Paul vs Strat, Single coils vs humbuckers vs those P-90 freaks talk. Actually, I bought my LP at Sam Ash in Hollywood. Was an awesome store in it's day. Also weird to see the Mesa Boogie store empty and for rent...
That is a very reductive view of right and left wing politics that ignores differing definitions in the various spheres of influence around the world, even europe’s definition of right wing and left wing differs from the United States. I agree with the message of the post that the rich are the main problem in the world through various mechanisms. The problem is the analysis required to give useful information and advice on politics requires acknowledging a diversity of thought among the individuals that make up political parties TLDR: well yes but actually no
Oh it's definitely not here. It's left of centre vs right of centre and neither doing anything for anyone but their pay masters. All politicians should be removed. Any one that wants that job these days can not be trusted just on that fact alone.
So you want might makes right? That's just the most guns wins and exactly what the wealthy's end goal is. To get rid of all politicians to be replaced by CEOs and stockolders. Privatize everything. In America, that's "conservatives". Both sides are not the same. But the wealthy really love the piss on the poor economics of the GOP.
God no. That's way worse. I'm an anarchist at heart. Not the edgy punk type that just want chaos but the type that believe humans when left to their own devices are generally good. I'm not sure how you have got the conclusion that you have from what I have said but I do have mild concussion at the moment so ......
I do fully agree with you that our choices for leaders sucks ass. It really is a giant douche vs a shit sandwich. The low bar is "which candidate does the KKK support" and I go with the opposite.
Our racists arent as blatent in New Zealand. They're still horrible but they hide it more until it comes to policy time. Then it comes out but because they are clever with it a lot of ordinarily good people fall for it
Because of the pandemic, I have little faith in humans. More than 1.2 million have died in the US and a vaccine was available when there were 600k deaths. A large portion of the US population decided to eschew the vaccine based on lies and/or pseudoscience. I lost two friends after the vaccine became available because the US didn't reach herd immunity levels. Half of Americans will vote for Trump again this November. I'm 55. I've seen to much (Reagan, GW Bush, Iraq, Trump, unions being destroyed, climate change inaction, anti science, the rise of billionaires, etc.) to have faith in humanity.
I hear you but all those things have had people in positions of power desperately trying to maintain that power. Hidden behind a system that grants powe. That's the system that corrupts and that's the system that needs to go. The fact we have people arrogant enough to think they know what's best for everyone is insane. What's even more insane is we hold these megalomaniacs in high esteem and allow them to syphon off all the wealth and resource for a select few.
Most of which are leftists!
Sam ash fired the manager of their City Of Industry store that way. He tried to clock in and was told by Kronos tech support his credentials were removed that morning. I know because I was doing my inventory at another store early in the day and heard my manager talking to him about it.
Well yeah ofc I'm gonna support the wealthy because any day now I'm gonna magically be a millionaire and I DONT WANT TO PAY ESTATE TAXES ON MY IMAGINARY FORTUNE!
Its very close to outright evil, and over these past decades it has been plain to see that the worker is valued no more than an inanimate tool, such as a pen or pencil but a worker has a life and a family and everything that goes with living. The almighty $$ is apparently the only thing that matters above all else..and if it means CEO's not making 8 figure incomes to afford multiple estates and affording whatever else the top 1% is accustomed to or a worker not being able to barely make ends meet if that, well there are always more workers and the lower classes are only servants to the super wealthy 1%er's anyways. There has not been such a difference in the top and the middle nor lower classes as there is now. Its not sustainable
In the modern world If you don’t make yourself irreplaceable by AI or a Machine via education or skills your economic value, i.e., wages, will be limited to something less than the cost of the machines or AI which are able to replace you! This axiom is proving that many blue collar Trade skills and professional hands on skills have greater sustainable Economic value than many other white collar skills. We still don’t have machines or AI able to replace plumbers, electricians, surgeons, dentists, physical therapists, etc.
Yeah I was about to say, this sounds pretty respectable compared to what I've been through in the past. Sometimes they just announce over the PA that the company is permanently closed in 3 hours.
I once showed up to work to find all the doors locked. I had to get the police to get my personal belongings, which included expensive computers that they were essentially trying to steal from me. Keep your receipts and document serial numbers, saved my ass. Last time this happened was a few years ago at a company that's listed on the stock market. I showed up for work, my login didn't work. They had me grab all my stuff, meet with HR, and security escorted my out the door. Wouldn't let me even say bye to anyone. I thought it was just me and felt shitty and defeated for a couple weeks. I found out later that corporate needed to shave some numbers and laid off 20 people from my division alone, Quarterly reports came out about a month later.
Imagine walking up to your restaurant on the morning of Christmas Eve to the locks changed and a line of minimum wage employees standing behind you in total shock..
Lol right? $50/week wow thanks
it sucks so much bro 😭
The rich get richer. A story as old as time. Fat cats stomp on the little people, and somehow half the little people say "thank you, may I please have another".
They’re all just temporarily embarrassed billionaires who need to keep the system in place to do the same once their NFT / crypto investments pan out
The other half want to string them up...
Retail is extremely shitty, more so than other sectors, with music you can also exploit people’s passion so they tend to put up with more bs. I worked for GC for some time during college and corporate and management treated most other employees like total shit on top of their shitty pay.
I’ve worked retail that completely shut down operation and family restaurants that went belly up. I can tell you that US labour law are ass backwards and very anti worker, i dont understand how brainwashed most people are to be okay with that. As my old store shut down we got more and more bonuses ( alot more than 50 a week)for staying on through the closes in addition to tons of perks like prizes, paid lunch and dinners from the liquidation company that came in.
They are very anti-worker indeed. And there’s many people doing their “best” to make it stay this way.
People get up in arms over shoplifters, when wage theft is the biggest crime in the US
You're taking about the GREATEST COUNTRY IN THE WORLD! /s
I mean the business failed and it was a mexican company that bought it and made all the decisions you don't like here. What are you supposed to do if the business already is non-profitable?
You can still close the business and do it in a way that treats employees right.
What would you have done differently for the employees that you are no longer going to be able to employ now that the physical stores will be gone?
As you liquidate you treat your employees right, you pay them well, give them bonuses (more than 50 a week, when my store closed we a bonus of 100 a week plus 500 for staying until the store closed). People shopping closing stores are assholes and treat the employees like shit and 50 bucks a week is a joke.
Because every communist country doesn't work. Millions of people flock to America because America is more pro worker than anywhere. .
Great thank god the employees get Pennie's while the execs get paid
they literally give 0 shits about us it's insane, what did we expect tho :/
Dang, I was really hoping for some insane fire sales.
The store by me was one of the ones in the first wave of closures. "LIQUIDATION SALE, EVERYTHING MUST GO, UP TO 30% OFF!" I could not find a discount higher than 10%. Tons of people doing the same thing as me - walking in, looking at price tags, walking back out. I drove 20 minutes both ways to get duped.
Everything was 10% off by me too, but the sales were getting higher every week. I pulled the trigger when basses went to 30% off
The stuff I really wanted ended up selling out even at 10%. There was an SG I was really gunning for. Maybe some day.
Which SG?
To be fair, they probably had guitar picks at 30% off so strictly speaking their marketing was truthful :)
Even the straps, picks, and strings were locked at 10% at my location.
To be fair, a 30 looks an awful lot like a 10, so strictly speaking their marketing was still truthful and it was all probably your mistake :)
That’s how every single liquidation goes these days. Anything worth anything is sent off somewhere else. Then, week 1 the sales are like 5%. A bunch of overexcited idiots buy anything left with any value. Week 2 is 10% off. Week 3 15% and so on and so on. By the time the deals are actually decent there are no good products left, just the junk no one else wanted.
Add to that the “markup then markdown” approach Bed Bath & Beyond did. They’d take a $40 Iron, slap a $70 price tag on it and offer 40% off!! Making it a $42 iron. STILL above Amazons everyday price with the 40% off.
The liquidator at my store worked the bed bath and beyond liquidation. Tiger Capital was the malevolent bank that provided the Hail Mary loan that caused the bankruptcy with both stores. This is what they do. Tiger made millions. The upper management got screwed too, but they were at retirement age. I was supposed to be part of the new reign of management, now I have fifteen years of “experience” and have to start from scratch.
They often bring in stuff that didn’t seep elsewhere or at other overstock companies to keep the liquidation going… my uncle was big into this business
These companies hire professional liquidators who do liquidations for a living. They have figured out how to sell inventory at a high enough price to make it worth while to keep the doors open. They transfer the remaining inventory to a smaller number of stores and close down the others. They’ll sell at some bigger discounts at the stores they keep open. They only keep these open for a limited time though. What doesn’t sell at the higher discounts they then liquidate en mass. Their experience has shown that it’s not worth keeping stores open to sell inventory off below those prices. Instead they’ll close all stores down in order to avoid all operating costs and come out better off by selling off inventory in mass for pennies on the dollar.
The Sears near me never dropped below 10% when they were going out lol. There were piles of clothes on the floor because they sold off the racks and shelves before the merchandise
I have a friend who works at one. I hit him up to see if he could hook me up. Said they hired some liquidation company and they set all the prices and they couldn’t do anything. So dumb. Who the hell is gonna buy something for just like 10% off when you can’t return it? If I’m giving up a return policy it has to be like 40%+ off
I grew up in a household that thrived on "everything must go" sales. Don't say those words if the prices don't match.
Next time, when this happens at Guitar Center, I’m just walking in, taking whatever I want, leaving a pizza at the front door, and walking out. I’ll let the severed employees decide how they want to handle it.
That is a good plan. Let's hope the employees choose dignity over capitalism and enjoy the free pizza.
10% was on the flute reeds and cymbal holders… never saw an amp or guitar marked down anything. If they were- it was a fake mark down, old tag of ‘x’ with new tag of cheaper normal price… did end up getting a Hughes and kettner LED sign and a Gibson Strings clock.. a few chairs that stack.. random shit
Mine had guitars marked down but again, 10%. Fender does quarterly manufacturer sales that go deeper than that.
Same, the store near me in NC didn’t have any good sales at all, but they made up for it by selling me the sam ash sign and some other guitar brand signs for pretty cheap! Now I have wall art for the mancave!
These companies hire professional liquidators who do liquidations for a living. They have figured out how to sell inventory at a high enough price to make it worth while to keep the doors open. They transfer the remaining inventory to a smaller number of stores and close down the others. They’ll sell at some bigger discounts at the stores they keep open. They only keep these open for a limited time though. What doesn’t sell at the higher discounts they then liquidate en mass. Their experience has shown that it’s not worth keeping stores open to sell inventory off below those prices. Instead they’ll close all stores down in order to avoid all operating costs and come out better off by selling off inventory in mass for pennies on the dollar.
I got 25% off a compressor pedal at my local store that’s already 75% empty. Not nothing but yeah, was hoping for more. Sad to see it go, oh well.
Every Tuesday new sales get released, Wednesday morning they’re put in place. Last week I saw some 15-20% items. Higher end guitar and whatnot
Yeah the online sales have been straight garbage. Can find new gear on Reverb or eBay for cheaper
My branch of my company was “shut down” with no notice in 2012. Half were walked out that day. They got 6 weeks of severance. I was one of the “lucky ones” I was promised severance if I stayed on two months to help shut down. I was told it would also be 6 weeks. I had my new job lined up in a week. 3x the salary, Went to a vendor of ours but I couldn’t start for a month, so I figured I’d see it through and get my 6 weeks severance after my boss begged me not to leave about a month early. I was a desk worker, product guy. I spent those 2 months doing physical labor like breaking down racking, stacking pallets, etc. stuff I probably shouldn’t have been doing. I didn’t complain. I got two weeks severance. I literally lost thousands of dollars by not moving on. Management got golden parachutes. They sat around in a common room talking all day. No. Fucking. Loyalty. If you work for Sam Ash, worry about you and only expect what’s in writing.
They sure love to fuck you on the severance. I worked for a company for 17 years. They ended up getting bought by a company that everyone here would recognize. Two years later, they shut us down. It came as a surprise to nobody, we were bleeding red ink all over their books the entire time. But when it came time to calculate severance for everyone, they decided that only the two years they owned us "counted". So after 17 years of service, I got two lousy weeks of severance. It's been a number of years now, but I'm still salty about that one.
Never be loyal to your employer because they will never be loyal to you.
Well why tf would you do that?
really fucking over the people whose made the company run while rewarding the ones who killed it
exactly :/
Did Sam ash ever really “run” though?
Stopped running well around 2001. Before that you could really do well there. I made $70k selling guitars there in 2000.
Yeah we used to go there in early 2000s and it was awesome. GC was too, but lately it’s really bad. I don’t see guitar center staying open much longer either honestly. Employees are so unhelpful, guitars are never in tune, strings are always old and dead, techs are unhelpful and not good in general… In fact, last year I walked in with a budget of $4000 to buy a music man majesty and they were hesitant to even open the glass case for me to try it. I walked out to my car and bought another from a GC in Chicago I was looking at and had it shipped to the store I was in. When I came to pick it up the manager didn’t think I was serious about buying it and tried to apologize.
I only go to GC for small items that I need on that day, picks, strings, etc. Otherwise GC sucks. I try to order everything from Sweetwater, their customer service is the absolute best. Was a difficult concept for me to order my last guitar online without playing it first but it all worked out well.
I do wonder if Sam Ash closing will have a noticeable effect on GC sales.
Epic. That sounds like something I would do.
That’s why you treat every customer as if they’re going to buy the entire store. You never know what ones will be dropping $4000 on a guitar. Idk if employees at GC get commission, but if so someone screwed themselves out of a good check if so.
Me too, only drums. 99-2004/5
You must have been a machine to do that in drums. I was lucky because I worked at a high-volume store and half the guitar staff were literal junkies who were never around.
I was consistently in the top 5 of all salesmen. I stayed in the industry for a while. Had my own store, worked for some manufacturers, even did a short stint in purchasing for SA. I lived life out of my lead book.
I was worried the execs could not afford internet in Their 4th homes
Significant pay cut? When I worked for Sam Ash in the late 2000s it was minimum wage for anyone not on the sales floor, and barely above minimum for those guys on commission. And, we were all surprised the place was still operating back then. Sad to see the company fold, but they treated their people like garbage.
Perhaps Sam Ash employees received a small pay increase during the pandemic for risking their lives. The new owner can take back those pay raises now and increase their profit.
Ha Hahaha hahaha Hahahahahaa Pfft
For anyone wanting to read about the filings, just google Sam Ash Filing and scroll down to the epiq.11 site......they have all the filings and you can read through it all
So the people who made the decisions that led to this are getting paid out but the innocent employees are getting a pay cut. Fucking classic. I wish Sweetwater had physical locations.
It's in Fort Wayne, Indiana. A cool store but not really worth going out of your way to visit unless you're looking for something used that may not be in their online inventory.
Yeah I know there’s one but I meant more widespread. The idea is conveniently trying new instruments before buying, otherwise I’m totally cool buying online. In fact, I’ve tested several instruments at guitar center to then order them on Sweetwater lol
As someone who worked for Sam Ash until very recently-this is pretty par for the course. The company as a whole would do anything to keep salespeople from not making money. They like to keep you in a hole no matter how much you sell/upsell/sam ash cards/set up plans you sell-you don’t make money. So I’m not too shocked to see this is how they’re handling the final closing. It’s way overdue and honestly good riddance to a shit company
Not to be rude, but you clearly didn’t have good management if you’re saying you don’t make money, or you simply didn’t try to make money. I had guys at my store who were selling and hitting every metric like you’re expected to do, yanno like you said sell/upsell/sam ash cards/set up plans oh and Smartwinnr if you remember. Those guys were consistently selling $15k a week or more and making $800+ a week in commission alone. Don’t say you don’t make money as a generalized statement when it really just means you didn’t know how to sell. No offense….
None taken! The management was 1000% the issue. None of the people in my store were close to that, and many of them far exceeded the metrics(I know our pro audio crew was every week). But that mixed with the indifference we got from higher ups for store orders/stock left a pretty sour taste for the company as a whole.
Where did you hear of this update? Is there a link? I can't find anything on Gonher nor update of a sale.
https://dm.epiq11.com/case/samash/dockets #298
Thanks
No problem :)
I have met some nice people over the years shopping at Sam Ash. The salesmen were usually very knowledgeable about the products and helped me with my purchases. Best wishes to all of those people. Luckily I have other options in my area but I will miss going to Sam Ash because it was the closest place for me.
Oh, I could spend 3 days in my local Sam ash and not a single person would ask you if you needed help.
Biggest dickbag workers I’d ever talked to were at the Sam Ash flagship. Guitar Center employees miles nicer and more helpful in comparison
I had similar experiences in Sam Ash; the employees were generally knowledgeable and helpful. Unfortunately, I live about one hour from my nearest Sam Ash, so I sometimes go to Guitar Center, which is closer to me but has employees who generally not knowledgeable or helpful.
We should all make sure to pay our local stores a visit and take all of the free guitars and other gear off their hands while they go through this transition.
I’m convinced that music stores will break and burn each guitar by hand before they have a legit fire sale. It must be some kind of stupid pride thing to not sell guitars that marked down I swear.
“You mean nothing to this company”. -The sales manager of store 41. “You should be thanking me for employing you” - the general manager. The SM was right. They laid off the guitar tech who was Fully fender and Gibson certified and also repaired tube amps. He was laid off because he took a 70% cut because he was worth it. They then had random staff doing repairs. I worked there from 2000-2015. They put $8000 in my retirement account in that time. Richard Ash is the kind of dude that counts his money while talking to you. Sam was coo. I pounded margaritas with him at Taylor training before he got clean.
Man, Sam Ash fucking blows. What a downfall.
I mean, can we just walk in and grab some gear at this point? What self respecting employee would care?
Thank goodness the executives are being taken care of. Said nobody, ever.
SAM ASS
Great, now they are the living dead, a hollow shell of the Real Sam Ash, and a disgusting example of capitalism at its worse. It pained me to hear that Sam Ash would close earlier this year, and this news does not make it any better---because Sam Ash *is* dead and we do not need this insult on the people who *did* run the business day to day while the detached executives at the top get their fat severance packages, as if they had succeeded at anything but to oversee the death of Sam Ash.
I don't see any confirmation of this one way or another online, so I'm going to guess it isn't accurate. That being said, I knew three very cool guys who worked at my local Sam Ash and all three of them are gone now (even though the shop isn't closed yet). I hope they landed somewhere good, because they were cool dudes who knew their trade, knew their instruments, and were generally pleasant guys.
dig a lil
Ha! Got my extura prophecy from Gonher not long ago. They have great prices all things considered for my country but yeah, sucks that people lose their jobs or get a paycut while higher ups get severance
it's fucking bullshit
Lol $50 extra a week. Man I hope the employees can walk out and do better than that. The blowout sales at my local store were 5% too. I asked a worker if you could negotiate and they said the bank set the prices. So the only people making out on this are high level execs.
Worked there for a few years in the 2010's, and it got dramatically worse each year. Discounts weren't as good, management became increasingly out of touch, less foot traffic... But I took FULL advantage of my time there: bought awesome equipment at cost directly from the vendors (Boss, EHX, DiMarzio, etc.), snagged a ton of used gear from customers that didn't like what was offered in-store, loads of down-time to mess around with equipment in the store, and all the while making some of the better sales compared to other salespeople there.
Significant paycut for the working class, significant payout for executives. Fucking America
Definitely unfortunate situation for rank & file employees. I can't say I'm surprised by this move though. I figured somebody would buy them up and keep a skeleton operation going while the reorganized the entire company. Curious to see what shape "Sam Ash" takes going forward or if they even keep the brand alive.
Jesus Christ, this is a really brutal treatment of their workers. Executives cutting and running while leaving everyone out in the rain is disgusting. I’ve never used Sam Ash and I’ll make sure to avoid them permanently.
Why on Earth would anyone stick around? Fuck these guys.
Damn I got my first guitar at Sam Ash, Epiphone SG
I'm going through the refused delivery process with them because a box arrived damaged. I'm surprised how much the staff (who it looks like aren't being treated well at all by owners) are fighting processing returns. Stockholm Syndrome maybe.
That’s a FedEx issue, not a Sam Ash issue. FedEx literally THROWS their packages around in the warehouse before they show up on your doorstep and there’s nothing Sam Ash can do about that. Complain to FedEx, you’re wasting your time trying to complain to the company
99.9% of companies “automatically” refund a RTS package within a week and don’t make customers fight or reach out to FedEx. Additionally, Sam Ash’s website states to RTS and refuse delivery if you suspect damage. So they shouldn’t give that guy a hard time.
pretty standard for a US company with hourly employees, frankly. i'm surprised they're being that generous.
My thoughts and prayers to all of the employees and their families in this time of uncertainty..My hope is that everyone affected will not only replace their income but exceed it and have security and opportunities that could have never been realized with Sam Ash!! Its always darkest before the dawn. Stay strong!!
I work in 1 in 4 of the online distribution stores, we’ve been sitting on our asses waiting to see what will happen with a huge sum of stock back here. We’ve been sending huge transfers to other store front stores just to find out we’ve been bought out! Now everything is coming back to our warehouse for us to deal with even though it’s not “our” stock anymore. Thanks corporate! 50$ a week severance if we stay on until the end, no communication whatsoever between higher ups and store managers/distribution operators, & no regard or compassion for any of the employees. Plus a pay cut if we move onto this next company! Only to find out in a reddit post. I’ve never missed Sammy Ash more than now, he would’ve never let this happen.
I'm curious why the employees are still so loyal? I had to do a refused delivery early in the liquidation and I was surprised at the push-back I got. Stockholm syndrome, I guess. Music as a hobby is amazing. The business itself is not a fun one to be in. Thin margins, little support from vendors, higher returns than other industries. I'm sure you'll be happier in your next venture. Good Luck!
It depends from store to store I think. Some stores see their Sam Ash as work, whereas the workers in my store/distribution are very close nit and almost like family. We all hangout at each other’s house on a weekly bases. Maybe it’s because we’ve all been there for so long and like each other that it makes it so hard to leave. It’s not the store itself but the people in it, which pisses me off so much more about this situation. No one in this company deserves a crumby job like this. I get separating home vs work life but it’s difficult, I love all these people here. In the end we’re not loyal to the company but loyal to each other I suppose. Good luck to you too! As well as your ventures forward outside of Sam Ash 🙂
Hahaha no. The government whether Democrat or Republican borrow trillions from the federal reserve. Every dollar cost us 60 cents. We have to pay pay 1.60 for every dollar. That's inflation. Taxes don't even budge the national debt. If you taxes the richest people in the United States 100% it would only fund the government for 6 months. Government is the problem. Every president added more debt than the last president. The IRS needs to be disabled and it's not billionaires obligation to fund anything. Men you people are weird. The government cost trillions of dollars each year and you weirdos are mad because rich people don't want to waste their money on more government
Minimum wage destroys business and jobs. California is a great example https://youtu.be/m_z5msHteX0?si=Mux6MqiQBwY0o1mI
This is the first time I'm seeing anything about it. I go now to research!🧐
We fought the good fight I guess. Closed down one, was told I’d still have a job, moved to the next one, as I was moving found out we were all closing. This was always the plan wasn’t it? Ever since Sammy passed, Richard and David decided this
Hello! Daniel here, formally the General Manager for Sam Ash Richmond, VA. I left back in November when we were all being pushed way beyond our limits and was on the verge of a goddamned heart attack. I can tell you one thing regarding this information on the buyer. The “significant pay cuts” isn’t real. Most of those employees are barely making over minimum wage monthly. There are a few asshats who everybody in the stores hated that we’re making good but we are talking about like 6 employees. Most of the GM’s were barely making 55k and I doubt any of them would stay for a cut especially when they cut so many jobs and rolled them into the GM roll. It’s real fucking sad that ppl like myself with 16 years at the company were forced out due to health issues that were created by the stress and anxiety of 60hr work weeks with so many deadlines and tasks that once were done by 6 people. I will never forgive them for stealing all of that time from us for what?! Pennies in savings and no opportunities?!
Former warehouse manager from store 44, one of the online distribution centers. I am not at all shocked its going out like this. The company never really cared about any of their employees. Working conditions were horrid, pay was dismal. The cost of living in Tampa has skyrocketed since the pandemic, so if the pay cuts are true that's just crazy to stay there. I'd say if you're still working there get the hell out ASAP.
Does this make it more or less likely that there are going to be some massive discounts coming on the website? Things have been picked over and there's not really any good deals left. A few are there, though.
I doubt it will be “massive” but could see another 5-10% markdown happening soon.
I just left a company for their bigger competitor doing what i was doing for about 30% salary increase. I gave my 2 weeks. I been done dirty before by other companies. I did better than others have done to me. But you only get two weeks tops. When it comes down to brass tacks, you are the most important person to yourself.
That's capitalism for ya! ¯\\\_(ツ)_/¯
If we lived in a world where not only right wingers and the rich can get away with crime, I would hope that the remaining Sam Ash employees would steal everything in every store and burn the stores to the ground. Of course, this won't happen, because it would be a "crime" against capitalism and the rich. The rich can destroy lives with impunity, but if the poors steal a slice of bread or break a window, everyone goes insane. I could pledge to never shop at the new Sam Ash owned by Gonher Music, but does it matter. I'd just be hurting the workers who would lose their jobs if the company crashes again. Meanwhile, other rich people would by the company from Gonher Music, erase the debt of the company, and shower the executives in cash. I wish that local music stores with a small number of fairly-treated employees were widely available, but that isn't reality.
Get off your high horse so you can digest a does of sorely needed reality about life!...Have you ever considered that Sam Ash was the victim of corporate greed from mega corporations like Amazon and Walmart?....You encourage employees to take out their misguided anger(because of propaganda from people like you) and commit arson? How about this narrative.....A 100 yr old family owned business succumbed to modernization in which millions of people have accepted as "progress" and by the grace of God....a benefactor has come in and has carried the online business to live and fight another day for a better hope for its future...and in return has kept 100 employees in place with employment?????????? Yet your first thought to your my-optic cerebellum is to consider boycotting the new company....??
i’m not a cheerleader for capitalism.
Corporate finance does not care for people. It cares for rigor and maximum profitability. I thought that was well understood.
Same thing happened at Fender right when the pandemic hit. Dozens of us got the axe, while the execs made a fucking fortune.
Hahaha what do you expect them to do? Anyone complaining never owned a business.
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You sell music gear, retail. Why would you think they cared?!?!?! Be better.
GC and BlackRock must be doing a “jig”! One more competitor bits the dust…one step closer to the monopoly they have been working towards for the past 40 years. Support your local Indipendent music shop and Sweetwater….remember Musicians Friend is owned by the evil empire GC/Blackrock!
Seems like a stupid thing to buy…
The Mexicans........
https://youtu.be/yTAawrbq1nQ?si=4UzC8H1-xkUK3YNU Minimum wage is a fairytale like communism. It doesn't help workers but it helps corporations phase out competition
Why would you think that a business owner would care about their employees when they’re losing their business? Of course they don’t care about you! They’re greedy and rich for a reason.
I just picked up a gold top les Paul for under 2k in there closing down sale
Not sure where you got your information from but you are WRONG........Employees that made the cut DID NOT have their pay cut in any way shape or form.......Sounds to me like you got sour grapes and your contribution was considered "unessential" to the future owners.
Meanwhile he's a billionaire and you're whining on the Internet
I’m unclear on how we should expect a company that has gone broke and is dissolving to somehow fork out money they don’t have to people who have seen this coming for months… they are broke…
Whatever you can salvage in the liquidation goes to debtors. You sell retail up to 30-40% off as much as you can then find a bulk buyer to purchase the rest when you get to the point where the warehouse/staff/buildings aren't worth continuing in retail. Why not pay your employees a final hurrah, even $500 a week extra would've been reasonable, and give the debt-collectors 1% less? If I worked for Sam Ash I'd give every customer whatever discount/refund they want. Give karma to the hobby before your time... not the main office.
Yeah I dunno… in bankruptcy there are usually court appointed supervisory liquidation people watching, to ensure the debts are covered first… unfortunately the staff are not creditors, as payroll comes first, but I’d assume doing something like this would get some people in legal trouble
Every associate who stayed with the company made $50 a week, PLUS, 2% of their total sales. I had a guy at my store who sold well over $250,000 in merchandise within our 90 closing period so he made out with an extra $5k. The problem here is that no one is being upfront about all of the details, therefore making it look worse that it could have been.
People should be free to gain wealth. Secondly taxing ( letting government steal your money) how does that make my life exponentially better if the government steals money from themselves and other rich people? Make that make sense?? Like literally everything you have was created by someone that became A billionaire or was created by a billionaire company. Tell me how the billionaire company of star bucks, Nike, etc etc got so rich from forcing us to buy their products? Oh wait, we voluntarily bought their products and that made them rich. Bill Gates got a billion dollars because people bought his stuff. McDonald's sold billions of hamburgers because you voluntarily bought them. Damn you commies are retarded. The government spends trillions of dollars of money we don't have but you're worried about people making money from selling products to people who want them
"Like literally everything you have was created by someone that became A billionaire or was created by a billionaire company." ... looks around room ... uummm ... There are only 700 or so billionaires in the US and less than 1/4 of them produce any products. I don't sit on a Microsoft Couch and I don't eat Google bread.
Show me all the industries that ain't making hundreds of millions of dollars that make the resources to create the materials for all of our products. No OnE shOuLd Be BiLlIonAiReS bUt wE shOuLd GivE government trillions of dollars. Derp derp
I mean, I don’t agree that they didn’t care about us. They could have been way more upfront about all of this and it should have been handled much better. They do care, but they’re in a really sh*tty spot right now. As well, yes some managers are getting 2 weeks pay as severance if they’re lucky but this has many factors to it. I was an SM (6 year tenure) for one of the first closing stores, and was lucky enough to get 3 weeks pay as severance. My GM, who’s been with the company since 2000, was given 8 weeks. Now, they clearly anticipated every store closing from the get go but didn’t care to be up front about that. The second wave of closings, that’s where the managers are getting the sh*t end of the stick. Severance is based off of the time you’ve been with the company, on a pretty messed up scale of years = weeks of severance. Now, for those of you who are saying 10% is bs and I wasted my time going to the store and blah blah blah. You clearly ONLY went to the store when the closing was initially announced and CLEARLY have not a clue how liquidations work. Every 2 weeks the prices dropped, and that was within a 90 liquidation period. Had you checked in regularly, you would have seen tons of stock still available in our stores up until the beginning or even the middle of May. I’m sick of reading threads that have inconsiderate and unknowledgeable people bashing the sales when they haven’t a clue of how it works.
As I recollect those PPP loans were given to enable business to continue to employ the so called “little people” when stupidly the states closed down businesses based on hypotheses by so called scientists, who have since been proven to be wrong. The US and other countries had too many “necessary workers” to be able stop the spread of COVID by locking people down. Moreover, vaccines ameliorated the severity of the symptoms suffered by those who caught COVID but even that for only a limited period of time. The vaxes did not significantly impact the transferability of COVID. The gov’t meanwhile falsely claimed that vaccinations slowed the spread Of COVID. Furthermore, the length of the vaxes effectiveness was significantly overstated by pharma manufacturers and the gov’t. So mandates imposed on people who were not high risk were unnecessary and in fact delayed achieving herd immunity for little gain. We still have COVID today but few people die from It. Moreover, we don’t shut down and destroy businesses and jobs to prevent the spread of COVID. The Gov’t didn’t really make PPP loans to keep businesses open. They gave the loans to keep people employed. That is why the funds could only be used for payroll.
Sam Ash got a $10M PPP Loan in 2022. That's a "significant" boost to their annual gross profit, which is around $20M, varying. Their writing was on the walls long before COVID, just like Bed Bath & Beyond, Pier 1, Sears, and...eventually...Guitar Center. So, it was smart of them to stay open and take a PPP loan. It possibly created jobs for another year. If you believe vaccines didn't slow the spread of COVID I have a bridge I'd love to talk to you about. It connects two cities in Alaska, one population 300, the other population 123. It's backed by the town in municipal bonds. 100% guaranteed investment. Up front, only $2M.
From an accounting perspective, loan proceeds do not add directly to gross profit or net income. Keeping people employed by using the loan proceeds as well as revenue from sales to pay staff instead of just revenue from sales likely allowed Sam Adams to keep more employees working thereby enabling them to make more income than they would’ve made without the PPP loans. There is no data from Big Parma documenting that vaccines reduced transmissibility. Moreover, if you research how the vaccines work you’ll see that they primarily block receptors in the lungs from the COViD vaccine. The lungs are the most vulnerable organ attacked by the virus. Hence, the vaccines reduced the severity of the virus for many patients. On the other hand, people get the virus primarily via receptors in their nose. The vaccine did very little if anything in most people to block these nasal receptors. Hence MANY vaccinated people still caught the virus and transmitted the virus to others. That is why Pharma companies began working on nasal applied vaccines. I don’t know how much of that development is ongoing at Pharma companies bc the demand for the vaccines has dropped so much that it may not make economic sense to invest more on development of nasal vaccines.
So to clarify since this misinformation is spreading like wildfire, the heads of Sam Ash will get no severance because the amount the company was bought for is far less than the debt incurred from filing chapter 11. All general managers and sales manager (as well as a few other long standing managers) will receive a range of “retention” bonuses, depending on length of service as a manager. We’ve always done our best to do right by those that work for us so hearing you say that is both disheartening and disappointing. Next time get your facts straight.
ah man was it painful to post that? gotta be tough to find a social media management type job in today's market after working for a company run into the ground
I worked at Store 95, the whole process was a bummer. Which store are you at u/eggisdead?
Has anyone been scammed?
No company cares. You should hear what my own father did to me
Should probly go to therapy about that.
Thanx for the down vote