For those intersted, Ares Management has taken control of GC. Ares held most the GC's debt and worked a debt-to-equity deal that eliminates a big chunk of debt and reduces annual interest payments by $70 million. Guess we'll see if the new management will work to eliminate more debt, which is the only way GC will survive IMO.
I wish that were the case in Boston Cailen. Go to an M&P and the price is either higher, the don't carry the line, or it's a special order.
i dealt with that until 1987 when i moved to la and found GC. the other thing with indepndent stores was their jerk off attitude. they would never special order even if you offered to pay in advance. they always acted as if they were doing YOU a favor by having a store. the prices were always list with no discount and one store sold higher than list. one store told me if you dont like what we have leave and dont come back. GC made the independant stores become very humble and very nice and polite and caring to the customers and sell a little below list price.
Im sorry that you experienced this but I can assure you that its not the case nation wide. We have been in retail for 30 plus years and have never sold anything higher than MAPP. If you like shopping at GC I say go ahead do it while you can because they WILL be gone soon.
and this rumour about GC going under is all over the web and several friends of mine are now afraid to buy at GC and this had caused the store near me to be empty of customers and i know this because one of the DM's rents a room next door to me.
Your friends are idiots,
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