SunriseChampion
Senior Member
What kind of camping stuff?
If they have Mountain House teriyaki chicken and rice at half price then I'm buying it all!
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The Retail Apocalypse
- Thread starter Johnny Au
- Start date
What kind of camping stuff?
If they have Mountain House teriyaki chicken and rice at half price then I'm buying it all!
Camping Gear & Accessories
Get ready to explore with our great selection of camping gear from top brands: Best price guaranteed*.
SunriseChampion
Senior Member
I would still dearly love to know why they don't sell climbing gear.
I'm guessing MEC don't sell hunting and fishing gear because it was founded by a bunch of hippie dippie vegans or something but what the hell is Sail's problem with climbing? Is it unethical in some logically twisted way?
Ok...so Mountain House grub is not on sale and is actually a dollar more than at CT.
I'm guessing MEC don't sell hunting and fishing gear because it was founded by a bunch of hippie dippie vegans or something but what the hell is Sail's problem with climbing? Is it unethical in some logically twisted way?
Ok...so Mountain House grub is not on sale and is actually a dollar more than at CT.
GKW
Active Member
Brooks Brothers Joins List of Faded Luxury Facing Bankruptcy
https://www.bloomberg.com/news/arti...-joins-list-of-faded-luxury-facing-bankruptcy
https://www.bloomberg.com/news/arti...-joins-list-of-faded-luxury-facing-bankruptcy
AlbertC
Superstar
The Children's Place to close 300 stores
June 12, 2020
Dive Brief:
www.retaildive.com
June 12, 2020
Dive Brief:
- With e-commerce up 300% quarter to date while about 95% of stores were still closed due to the pandemic, the Children's Place said it will abandon many of its mall locations for good. Overall, e-commerce in the first quarter rose 12.2% to about 53% of net sales. At the start of 2022, the retailer's mall-based portfolio will represent less than 25% of its total revenue, CEO Jane Elfers said.
- Executives said 300 stores will permanently close in the next 20 months: about 100 by the end of the second quarter for a total of 200 closures this year, and another 100 set to close in 2021. About half of the first set of closures will take place in the next month and a half, with most of them expected to open briefly for liquidation sales, CFO/COO Mike Scarpa told analysts, according to a conference call transcript from Motley Fool.
- The dramatic pivot came as the company reported that first-quarter net sales fell 38.1% to $255.2 million. The retailer swung to a $114.8 million loss from $4.5 million in net income a year ago, with a gross loss of $19.7 million from gross profit of $152 million last year. That was a 990-basis point downswing to 26.8% of net sales, primarily due to the higher costs of e-commerce fulfillment, along with the fixed expenses of closed stores, according to a company press release.
The Children's Place to close 300 stores
The retailer saw e-commerce soar 300% while stores were closed due to the pandemic, but losses were exacerbated by higher online fulfillment costs.
AlbertC
Superstar
Majority of Retailers & Businesses Not Able to Pay Rent as Costs Accrue Amid Reopenings
June 18, 2020
Commercial rent continues to be the most critical aspect of many businesses in Canada as they struggle to survive through the COVID-19 pandemic.
The Toronto Association Of Business Improvement Areas, in partnership with other groups, has been conducting surveys around the issue and the results are striking for the future of many of those small businesses.
The latest survey, which included businesses in Toronto, Guelph, and Ottawa, found that 72 percent of businesses could not make all of June’s rent while 63 percent did not pay all of May’s rent and 50 percent April’s rent. Also, 78 percent of businesses feel they will not make all of July’s rent.
www.retail-insider.com
June 18, 2020
Commercial rent continues to be the most critical aspect of many businesses in Canada as they struggle to survive through the COVID-19 pandemic.
The Toronto Association Of Business Improvement Areas, in partnership with other groups, has been conducting surveys around the issue and the results are striking for the future of many of those small businesses.
The latest survey, which included businesses in Toronto, Guelph, and Ottawa, found that 72 percent of businesses could not make all of June’s rent while 63 percent did not pay all of May’s rent and 50 percent April’s rent. Also, 78 percent of businesses feel they will not make all of July’s rent.
Majority of Retailers & Businesses Not Able to Pay Rent as Costs Accrue Amid Reopenings
Nearly 80% of businesses say they will not be able to pay rent in July and a high percentage are doomed to fail. Reopening poses its own challenges and expenses and BIA groups are trying to come up with solutions.
www.retail-insider.com
TheKingEast
Senior Member
tiffer24
Senior Member
GNC files for bankruptcy, plans to close up to 1,200 stores
https://www.theglobeandmail.com/bus...pid=rss&utm_source=dlvr.it&utm_medium=twitter
https://www.theglobeandmail.com/bus...pid=rss&utm_source=dlvr.it&utm_medium=twitter
Towered
Senior Member
Where am I supposed to get all my workout stuff?
Fritter
Active Member
Popeye's
Supplement King
These two businesses that have brick and mortar stores as well as an online presence are ones I use.
AlbertC
Superstar
Macy's to lay off 3,900 employees
June 25, 2020
Macy's Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the COVID-19 pandemic.
finance.yahoo.com
June 25, 2020
Macy's Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the COVID-19 pandemic.
Macy's to lay off 3,900 employees
June 25 (Reuters) - Macy's Inc said on Thursday it would lay off about 3,900 employees in corporate and management positions to help lessen some of the financial strain of dwindling sales due to the COVID-19 pandemic.
Johnny Au
Senior Member
Not to be confused with the fried chicken restaurant of the same name that shares the same parent company as Burger King and Tim Horton's.
All that workout went for nothing here
Excellent for workouts
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AlbertC
Superstar
No specific details on potential impact to stores and staffing counts but Indigo expects the Covid "damaging set of conditions" to last at least 10-12 months:
Indigo expects at least 10-12 months of COVID-19 'damaging set of conditions'
Indigo Books & Music Inc. says it expects a "damaging set of conditions" for about a year from the COVID-19 pandemic.
toronto.ctvnews.ca
Tim MacDonald
Senior Member
Microsoft closing all retail stores:
www.linkedin.com
A New Day for Microsoft Store
The past months have been extraordinary. Amidst the challenges, our Microsoft Store team has focused on how we can continue to serve our customers and ensure our talented team can do the work they love.
www.linkedin.com
AlvinofDiaspar
Moderator
Microsoft closing all retail stores:
A New Day for Microsoft Store
The past months have been extraordinary. Amidst the challenges, our Microsoft Store team has focused on how we can continue to serve our customers and ensure our talented team can do the work they love.
Their stores makes no sense even prior to COVID - it's cluttered and doesn't work well as a Microsoft showroom at all.
AoD