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Thread: Gibson considering making ukes after bankruptcy reorg

  1. #21
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    If you want to know why Gibson is in financial difficulty, you need look no further than CEO Henry Juszkiewicz. He's the same guy who is now saying they may make ukes again? Just another bad business decision in a long string of them. Those folks at KKR, the new owners, are pretty smart. I really doubt that Henry will have much say in the business now and will be permanently gone at the end of his two year consulting contract.

  2. #22
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    Quote Originally Posted by Uke Don View Post
    If you want to know why Gibson is in financial difficulty, you need look no further than CEO Henry Juszkiewicz. He's the same guy who is now saying they may make ukes again? Just another bad business decision in a long string of them. Those folks at KKR, the new owners, are pretty smart. I really doubt that Henry will have much say in the business now and will be permanently gone at the end of his two year consulting contract.

    Bingo!


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  3. #23
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    This....
    https://www.washingtonpost.com/graph...=.4e8fdd409835

    On the other hand, the popularity of the ukulele seems to be steady with more folks jumping on the manufacturing wagon - or not?

    http://money.cnn.com/2014/01/17/smal...les/index.html
    Last edited by Grizzly Adams; 06-29-2018 at 04:39 AM.
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  4. #24
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    Quote Originally Posted by Grizzly Adams View Post
    In my opinion, the guitar is not experiencing a slow death, but the manufactures and retailers are still hurting. This has a lot to do with the secondary markets, like Reverb, eBay, Craigslist, etc. At the moment, Guitar Center has about 700 listings for various types of new Gibson Les Paul models. Reverb has over 4000 used ones listed. It is so easy for a person to buy a used guitar online that it is severely disrupting production flows. As I've mentioned a little above, the biggest competition that Gibson (or Fender as another example) is how much of the used market is already made up of decades of their past manufacturing. The choice between a new guitar and much less expensive used guitar in excellent condition bring all sorts of modern problems for old school companies. The big box stores and big time makers just need to work out the growing pains of a new way to reach their customers.

    Given the options... would you buy a new Martin ukulele at Guitar Center or maybe hunt down a vintage one online? Personally, I'm gonna try and hunt down a really awesome one from the 50s and probably still pay less than new.
    Last edited by SandChannel; 06-29-2018 at 04:58 AM.
    My Ukuleles: A Hawaiian, an Oregonian, and a Kiwi.

  5. #25
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    The problem with Gibson and ukuleles is that there is no niche for them to occupy. There is a food chain from custom high end builders to K brands, and a few Martins, to higher Pono and higher end Ohana and lower end Martins, to the Kala and other imports. Then there are the innovators such as Outdoor, etc.

    Where exactly does Gibson compete? I would not think Gibson is an under 30 acoustic brand. And Risa, and others, has already been on the electric market. There isn't an open place for Gibson to fill.

    John

  6. #26
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    Declining quality, prices going up, the illegal wood (was it ebony?) saga, investing in things that few people wanted- auto tuner thingies (thats like anti commercialism appeal), unless they can get back to doing beautiful instruments that play and sound like the dogs bollocks then it won't matter if they make ukes or big pink dildos, they be f@@ked...and I'm not convinced that the "new owners" care one little bit so long as they get there money back plus interest in a short/mid term, don't forget, they won't be passionate about instruments, just money...
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  7. #27
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    I think that if Gibson wanted to compete, making ukuleles in a similar level to Martin they could carve out a space. They certainly have a name that will get them in the door.

  8. #28
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    There is certainly a niche for high-end Martins and such, so why not a niche for high-end Gibson ukuleles as well? I personally think Gibson is perfectly capable of competing head to head with Martin on the Ukulele and Banjouke market. FWIW, Gibson made a couple of prototype concert scale ukuleles in the late 90s. I believe Steve Weber (Mandolin fame) was involved in the project.
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  9. #29
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    Quote Originally Posted by Grizzly Adams View Post
    The quoted person was right, the interest in ukuleles seems to be steady, not just a fad:

    https://trends.google.com/trends/exp...=all&q=ukulele

    It spikes every holiday season, and the Nov/Dec 2017 spike was the highest since Google started tracking trends in 2004.

  10. #30
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    I'm not convinced that Gibson will go high end. There was a real niche for high end Tobias basses and somehow Gibson ruined that with inconsistent quality. Tobias disappeared and morphed to Toby import basses, have no clue where they are today. Meanwhile Michael Tobias is just rolling along.

    John

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