Recession Casualties

[Maxt]

Originally posted by AndyL


Why? Just why?

I eat a lot of food and don't want to exercise.. I also drink way too much coffee.. If I drank high test all day, my heart would probably explode.

[jwslam]

Originally posted by AndyL
Why? Just why?

LOOK at his profile PIC

I remember what I saw go down now, Thai Tai in Chinatown. Also Page One. As if that mall wasn't dying enough already.

[sputnik]

Originally posted by jwslam

LOOK at his profile PIC

While AndyL's pic is Cartman.

[jwslam]

http://www.cbc.ca/news/canada/calgar...gary-1.4290641

[suntan]

Not if that has anything to do with local economic conditions or just UFA being idiots.

[Xtrema]

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Not if that has anything to do with local economic conditions or just UFA being idiots.

When you are operating with 3-5% profit margin (Cabela's range), cost is up, sales are down and losing market share, it's a tough pill to swallow.

[max_boost]

Cafe Blanca at Waterfront is gone!

[suntan]

Terrible location unfortunately. The construction there had to have been crimping their business.

[JRSC00LUDE]

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When you are operating with 3-5% profit margin (Cabela's range), cost is up, sales are down and losing market share, it's a tough pill to swallow.

Is that on average or where does that stat come from? I ask only because some of their prices are ridiculous imo!

[Xtrema]

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Is that on average or where does that stat come from? I ask only because some of their prices are ridiculous imo!

It's just profit margin I dug up for Cabela. Cabela's GPM is around 40% ($1 item cost them $0.70 to buy) but after all cost, profit is only 3-5% of revenue over the last 5 years.

I would assume Wholesale Sports would have to run on the same margin to compete. If they can't, its basically another Canadian company that couldn't compete with a bigger one from US (See Rona).

[JRSC00LUDE]

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It's just profit margin I dug up for Cabela. Cabela's GPM is around 40% ($1 item cost them $0.70 to buy) but after all cost, profit is only 3-5% of revenue over the last 5 years.

I would assume Wholesale Sports would have to run on the same margin to compete. If they can't, its basically another Canadian company that couldn't compete with a bigger one from US (See Rona).

Wow, that's low. That's the world of high volume sales I suppose.

[Feruk]

Divino closed down. Nooooo....

However, Escoba reopened.

[schocker]

Noticed double zero and swine and sow closed DT. Also the mysterious verona pizza coming soon that had been up in the food court near me turned into a for lease sign again

[Neil4Speed]

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Noticed double zero and swine and sow closed DT. Also the mysterious verona pizza coming soon that had been up in the food court near me turned into a for lease sign again

Double Zero was surprising to me. Its not a fabulous location (while central, it is in the basement), margins on Pizza are pretty high as well and it seemed to be pretty popular.

Verona makes a good greasy slice, that is too bad.

[schocker]

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Double Zero was surprising to me. Its not a fabulous location (while central, it is in the basement), margins on Pizza are pretty high as well and it seemed to be pretty popular.

Verona makes a good greasy slice, that is too bad.

Yeah, I found it pretty steady every time I was there. It was one of my favorite vendor lunch stops.

[dirtsniffer]

To be honest I hadn't gone to the core double zero since chinook opened, closer to go with the wife. No excuses for lunch really.

[flipstah]

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Double Zero was surprising to me. Its not a fabulous location (while central, it is in the basement), margins on Pizza are pretty high as well and it seemed to be pretty popular.

Verona makes a good greasy slice, that is too bad.

Perhaps they wanted to focus on Chinook only?

[tirebob]

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It's just profit margin I dug up for Cabela. Cabela's GPM is around 40% ($1 item cost them $0.70 to buy) but after all cost, profit is only 3-5% of revenue over the last 5 years.

I would assume Wholesale Sports would have to run on the same margin to compete. If they can't, its basically another Canadian company that couldn't compete with a bigger one from US (See Rona).

Actually if it was a 40% profit margin, a $0.70 cost item would retail for $1.16... Not that it is either here nor there as net profit is everything but just for accuracy sakes I point that out. $1.16 - 40% = $0.70.

[ExtraSlow]

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Actually if it was a 40% profit margin, a $0.70 cost item would retail for $1.16... Not that it is either here nor there as net profit is everything but just for accuracy sakes I point that out. $1.16 - 40% = $0.70.

But $0.70 *1.40 = $0.98???!?!?!
Watch out for percentages, they aren't the same both ways.

[suntan]

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Double Zero was surprising to me. Its not a fabulous location (while central, it is in the basement), margins on Pizza are pretty high as well and it seemed to be pretty popular.

Verona makes a good greasy slice, that is too bad.

The location is terrible. I always wondered how the E&C survived there all those years. We used to go there simply because it was always not busy no matter when you went.