"Despite the financial challenges, the retailer plans to open six more Guitar Centers and complete two store remodels, including a significant overhaul of its flagship and largest-volume store on Sunset Boulevard to be completed by the fall.
It also plans to add up to 30 Music & Arts stores, smaller outlets that sell and rent band and orchestra equipment. They also provide lessons on strings, horns and other instruments played in schools — some 1.5 million last year alone. The division, with more than 175 locations, has seen a recent return to profit growth, company executives say."