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Thread: Covid19 Bankruptcy Thread

  1. #381
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    Quote Originally Posted by nzwasp View Post
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    im foreseeing a world where all the clothes are at retailers such as H&M and Justice
    B & M stores will begin to fail more and more. Commercial space and the overhead required is just insane.
    Online shopping is just too easy.

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    Then there's stores you have to wonder how the fuck they haven't filed yet... HMV for example.

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    Quote Originally Posted by Tik-Tok View Post
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    Then there's stores you have to wonder how the fuck they haven't filed yet... HMV for example.
    I was today's years old when I realized HMV even still exists!

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    Didn't HMV go bankrupt a few years ago? They are now Sunrise Records as far as I know.

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    Quote Originally Posted by gmc72 View Post
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    Didn't HMV go bankrupt a few years ago? They are now Sunrise Records as far as I know.
    Still HMV overseas, but even Sunrise, how are they existing? It's not like mall leases are cheap, and all they sell is crap that nobody needs.

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    Quote Originally Posted by Tik-Tok View Post
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    and all they sell is crap that nobody needs.
    This is most stores if you really look at it.

  7. #387
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    Quote Originally Posted by vengie View Post
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    B & M stores will begin to fail more and more. Commercial space and the overhead required is just insane.
    Online shopping is just too easy.
    Not sure the The Bay can follow Best Buy's lead and turn into subleasing floor spaces to brands so consolidation can happen. The question is does the Bay has strong enough e-commerce platform to offer them as well.

    Best Buy and Walmart already embrace 3rd party sellers. But retail space is gonna suck with commercial office space to follow as well.

  8. #388
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    The Bay has a better online shopping experience than the instore experience. Not sure how robust the back end is, but the customer storefront is pretty good.
    Make the world a radder place, grow a mullet.
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    The Bay needs centralized distribution... one item comes from BC, one local, one from Ontario... the shipping costs of that must be killer with how low their margins must be when everything is perpetually 60% off

    They will get there I’m sure... last I heard was the plan was to erode value till it can be taken private and sell off all the $$$ RE holdings

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    Quote Originally Posted by ercchry View Post
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    They will get there I’m sure... last I heard was the plan was to erode value till it can be taken private and sell off all the $$$ RE holdings
    Approved and went private before COVID. $1.5B cap with $550M losses last year. I wonder if they can unlock any RE holdings value after COVID to even cover what was paid.

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    Quote Originally Posted by ercchry View Post
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    The Bay needs centralized distribution... one item comes from BC, one local, one from Ontario... the shipping costs of that must be killer with how low their margins must be when everything is perpetually 60% off

    They will get there I’m sure... last I heard was the plan was to erode value till it can be taken private and sell off all the $$$ RE holdings
    The big retailer that missed the boat on the whole on-line shopping biz was Sears - hell, they had the distribution network already set up what with warehousing all over, satellite stores/order pick sites in smaller centers and a dedicated catalog shopping audience. Man, Sears was so set up to do well in the on-line world and yet they completely messed it up, boggles the mind really.

  12. #392
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    Geneva Motor Show for 2021 is cancelled, and the show is up for sale.

    I think the car show itself is dead.

    https://www.bbc.com/news/business-53216329

  13. #393
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    Quote Originally Posted by ercchry View Post
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    Who was it that broke a tooth on the tip of the knife that was in their sandwich?
    Found it!

    https://forums.beyond.ca/threads/351...t=Broken+tooth

  14. #394
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    Quote Originally Posted by ercchry View Post
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    Oh man i wonder if there's an update!
    max_boost is a name known to all

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    Looks like Chop @ Chinook is done.
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    Quote Originally Posted by speedog View Post
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    The big retailer that missed the boat on the whole on-line shopping biz was Sears - hell, they had the distribution network already set up what with warehousing all over, satellite stores/order pick sites in smaller centers and a dedicated catalog shopping audience. Man, Sears was so set up to do well in the on-line world and yet they completely messed it up, boggles the mind really.
    I've thought about that too. They basically were originally doing an 80s version of online order fulfillment for years. Then neglected to update in the early 90s.
    They could have been a major Canadian competitor to Amazon.
    Hindsight I guess.
    Not sure the deal with Consumer Distributings but that company too. I used to look forward to their Christmas catalogue as a kid

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    Quote Originally Posted by speedog View Post
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    The big retailer that missed the boat on the whole on-line shopping biz was Sears - hell, they had the distribution network already set up what with warehousing all over, satellite stores/order pick sites in smaller centers and a dedicated catalog shopping audience. Man, Sears was so set up to do well in the on-line world and yet they completely messed it up, boggles the mind really.
    And blockbuster was given the opportunity to buy Netflix, just missed opportunities by people not looking at the future
    Sig nuked by mod.

  18. #398
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    Quote Originally Posted by mr2mike View Post
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    I've thought about that too. They basically were originally doing an 80s version of online order fulfillment for years. Then neglected to update in the early 90s.
    They could have been a major Canadian competitor to Amazon.
    Hindsight I guess.
    Not sure the deal with Consumer Distributings but that company too. I used to look forward to their Christmas catalogue as a kid
    Sears dismantled their distribution network around the same time that Consumers Distributing went under. Both models were well ahead of it's time, and very expensive to operate. CD has a lot of features in the end that mimics Amazon, inventory management, home delivery, that shit was expensive in the 90's.

    Quote Originally Posted by adam c View Post
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    And blockbuster was given the opportunity to buy Netflix, just missed opportunities by people not looking at the future
    This is another one that's not exactly true from the headline. At the time Netflix was just a money losing DVD mailing rental business. That's what was being offered for sale to Blockbuster. Streaming wasn't even on the radar, and wasn't introduced until 10 years later. If the sale went through, the CEO would've cashed out, and built his streaming company outside of Blockbuster, and Blockbuster would be still be around making $50m a year with DVD by mail.
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  19. #399
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    Quote Originally Posted by adam c View Post
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    And blockbuster was given the opportunity to buy Netflix, just missed opportunities by people not looking at the future
    While i am small timer in the biz world I totally see how businesses simply go bankrupt for not being able to adapt or see the vision. And then you have the Gary V types who has his hands in fkn everything. quite remarkable the biz world.

    Anyway, everyone just root for Bezos and buy more Amazon stock lol as he becomes a trillionaire I can finally become a millionaire unless I meet some chick who puts another dent in things but maybe I'll finally smarten up ... doubt it tho lol
    max_boost is a name known to all

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    Just got my haircut for the first time in 4 months and Im going to put barbers on the watchlist - the owner said due to Covid19 there are no special events which they rely on to keep their type of business afloat, meaning no grad, no stampede, no fathers day, not many weddings etc. He is hoping that school resumes back at school in September and people come in for that or he said that their industry is going to be really in a bind.

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