Huge Music Retail Chain Closes All Stores After ‘Bankruptcy’

A Massive Music Retailer Now Closes All Stores Following Bankruptcy

Discover what happens when a major retailer closes all states, signaling a shift in the music retail landscape amidst digital challenges.

Huge music retail chain closes all stores after ‘bankruptcy’

The market has been brutal for companies that operate in the music and musical instrument space.

PMT collapse sends shockwaves through UK music retail - East Midlands Business Link

PMT, previously the UK’s largest bricks-and-mortar musical instrument retailer, has entered administration and shut down all operations with immediate effect. The decision has resulted in the permanent closure of its 11 retail stores and warehouse in Liverpool, as well as the termination of its online store. Ninety-six staff have been made redundant, with a further […]

"It’s been a tough few years": UK gear retailer PMT closes its doors, makes 96 staff redundant and sells £2.4m of stock to Gear4Music

Just a few months after Brighton-based GAK closed down, another UK musical instrument retailer enters administration

PMT, one of the UK’s largest instrument retailers, has been placed into administration – closing all stores and making 96 members of staff redundant

The company’s stock and assets have been sold to online retail giant Gear4music for roughly $3.26 million