PMT (Play Music Today) have gone into administration today with all the stores and most of the staff laid off immediately. I hear debts are massive and that most of the music retailers are struggling. We have lost BAX this year and even Thomann have said trading is difficult. At this rate there literally won’t be music stores left soon – online only will be the way
https://guitar.com/news/industry-news/pmt-placed-into-administration
Pundland in the UK were sold for £1 today and the retail sector is looking very weak. Most of the people I know expect the high street traditional stores to be gone in 18 months or so! Sad times people, sad times…
