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  1. #51
    Join Date
    Feb 2005
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    North Vancouver/Whistler
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    12,032
    Quote Originally Posted by xyz View Post
    Well at least they are folding and getting snatched up by vulture capitalists instead of getting a tax payer funded bailout, then folding.
    Agreed

  2. #52
    Join Date
    Aug 2005
    Location
    Maple Syrup and Lumberjacks, eigh.
    Posts
    4,202
    Quote Originally Posted by Gcooker View Post
    MEC can get fucked. They put so many good mom and pop outdoor stores out of business with their business model, favorable tax laws and shitty home branded products.

    Good riddance (sucks for staffers though)
    Which ones?
    ::.:..::::.::.:.::..::.

  3. #53
    Join Date
    Jul 2004
    Location
    There's no 666 in Outer Space
    Posts
    666
    Oh the horror!!! Where will white, upper-middle class, suburban Canadians get their Arc'teryx gear now!?

  4. #54
    Join Date
    Feb 2018
    Posts
    90
    Quote Originally Posted by Kirby View Post
    Oh the horror!!! Where will white, upper-middle class, suburban Canadians get their Arc'teryx gear now!?
    From Last Hunt

  5. #55
    Join Date
    Jun 2014
    Location
    Montreal, Canada
    Posts
    1,290
    Quote Originally Posted by Kirby View Post
    Oh the horror!!! Where will white, upper-middle class, suburban Canadians get their Arc'teryx gear now!?
    I thought that that demographic no longer shopped at MEC based on their latest marketing campaigns.
    24į 06į

  6. #56
    Join Date
    Jan 2004
    Location
    North Vancouver
    Posts
    6,242
    Still no real details yet?

    I have a feeling the vulture caps have just picked up MEC's real estate holdings for pennies on the dollar.

    MEC will still be a co-op owned by the members...but the board has sold off it's assets to pay down their dept. MEC then rents back their locations from the vulture cap. Operating costs will go up and they'll reduce their locations and size.

  7. #57
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    8,145
    Quote Originally Posted by shirk View Post
    I have a feeling the vulture caps have just picked up MEC's real estate holdings for pennies on the dollar.

    MEC will still be a co-op owned by the members...but the board has sold off it's assets to pay down their dept. MEC then rents back their locations from the vulture cap. Operating costs will go up and they'll reduce their locations and size.
    https://vancouversun.com/news/local-...quipment-co-op

  8. #58
    Join Date
    Jan 2004
    Location
    North Vancouver
    Posts
    6,242
    Yep same feels there. It's going into the chop shop to part it out.

  9. #59
    Join Date
    Oct 2008
    Location
    Somewhere else
    Posts
    3,944
    Quote Originally Posted by shirk View Post
    Still no real details yet?

    I have a feeling the vulture caps have just picked up MEC's real estate holdings for pennies on the dollar.

    MEC will still be a co-op owned by the members...but the board has sold off it's assets to pay down their dept. MEC then rents back their locations from the vulture cap. Operating costs will go up and they'll reduce their locations and size.
    No longer to be a member owned cooperative...

    https://urldefense.com/v3/__https://globalnews.ca/news/7334603/mountain-equipment-coop-sold/__;!!FZtbJVnXfw!lq6y4lOcwlp5xjh6ZLV0YjIroXMWXAHOZ1 aY0eaaJ-5G3LudCMV0nsJuqpVOsj52PiI$

    Sent from my SM-A505W using Tapatalk
    Goal: ski in the 2018/19 season

  10. #60
    Join Date
    Jun 2004
    Location
    Pemberton, BC
    Posts
    1,673
    Quote Originally Posted by shirk View Post
    Yep same feels there. It's going into the chop shop to part it out.
    Thatís SOP for the vulture caps.

    MECís demise is overall bad for us consumers. Less competition. Escape Route in Whistler would anchor their prices on skis and boots to MECís. Now they can do whatever and we lose the MEC return policy.

  11. #61
    Join Date
    Dec 2006
    Location
    bestcoast
    Posts
    1,623
    Quote Originally Posted by xyz View Post
    That’s SOP for the vulture caps.

    MEC’s demise is overall bad for us consumers. Less competition. Escape Route in Whistler would anchor their prices on skis and boots to MEC’s. Now they can do whatever and we lose the MEC return policy.
    to be fair, VPO is actually a pretty solid competitor to Escape Route, they've come through on a lot of gear I needed this summer for a bunch of things, maps, backpacking stuff, new boots, that escape route didn't come close to being able to match in terms of variety of selection and in-stock. They've unexpectedly become my go to.

  12. #62
    Join Date
    Jan 2008
    Location
    Strong and Free
    Posts
    400
    Just realized Iím still holding a big MEC gift card. I wonder if I should hurry up and spend it while I still can, or if the new owners will honour it? Maybe there will be a big inventory reduction sale coming up, or maybe not?

  13. #63
    Join Date
    Dec 2005
    Posts
    2,022
    Quote Originally Posted by TrueNorth View Post
    Just realized I’m still holding a big MEC gift card. I wonder if I should hurry up and spend it while I still can, or if the new owners will honour it? Maybe there will be a big inventory reduction sale coming up, or maybe not?
    Inventory reduction? Have you been in any of their stores? MEC-many empty compartments
    what's orange and looks good on hippies?
    fire

    rails are for trains
    If I had a dollar for every time capitalism was blamed for problems caused by the government I'd be a rich fat film maker in a baseball hat.

    www.theguideshut.ca

  14. #64
    Join Date
    Mar 2008
    Location
    northern BC
    Posts
    21,082
    I used to order at least 50$ worth of stuff for the free shipping and then maybe every year or 2 return whatever I didnt want when i was near a store but I really havent bought much lately

    none of it really speaks to me anymore and besides i seem to have evenrything
    Lee Lau - xxx-er is the laziest Asian canuck I know

  15. #65
    Join Date
    Dec 2010
    Location
    The 8th best place in the LBP
    Posts
    3,496
    Quote Originally Posted by altasnob View Post
    Negligent? What brick and mortar retail isn't on the brink of bankruptcy right now.
    Target. Walmart. Costco. REI. Sure they have an online presence, but so did MEC.

  16. #66
    Join Date
    Jan 2005
    Location
    Keep Tacoma Feared
    Posts
    1,080
    REI (closest comparison) just scrapped plans of building a new headquarters in Bellevue and instead sold the property to Facebook. REI now plans smaller decentralized offices around the Seattle area. But ya, REI seems to be doing alright (seems mainly due to focus on online). Brooks Brothers, J Crew, JC Penny, Roots USA, Lucky Brand, Pier 1, Sur La Table all have gone bankrupt during the pandemic. Sure the big guys are making out well but I wouldn't want to be in brick and mortar apparel retail right now.

  17. #67
    Join Date
    Dec 2004
    Location
    SoCal
    Posts
    5,765
    Quote Originally Posted by waxman View Post
    I cashed my "shares" out 2 years ago when they got all SJW on Camelbak for being owned by the same company that makes ammo/guns.
    REI and Dicks put themselves on a lot of personal boycott lists with that stunt.

  18. #68
    Join Date
    Jun 2004
    Location
    Pemberton, BC
    Posts
    1,673
    Quote Originally Posted by 1000-oaks View Post
    REI and Dicks put themselves on a lot of personal boycott lists with that stunt.
    Go woke, go broke. I boycott any virtue signalling company. Now I donít have to go broke buying a Yeti!

  19. #69
    Join Date
    Mar 2008
    Location
    [a] Van [down by the river]
    Posts
    1,299
    Given the amount of people buying outdoor stuff during this whole covid thing, no way you can compare MEC to all those other retailers. They have been going downhill for a while, this was just the final nail in the coffin.

  20. #70
    Join Date
    Oct 2007
    Location
    The west - various spots
    Posts
    406
    Quote Originally Posted by xyz View Post
    Go woke, go broke. I boycott any virtue signalling company. Now I donít have to go broke buying a Yeti!
    You must be referring to this? Hard to keep up with all the corporate apologies lately

    https://www.bikemag.com/news/petitio...its-marketing/

  21. #71
    Join Date
    Sep 2008
    Posts
    10,728

    MEC in reecievership

    Quote Originally Posted by xyz View Post
    Go woke, go broke. I boycott any virtue signalling company. Now I donít have to go broke buying a Yeti!
    yeah, doing the right thing is always a beta move.

    grab life by the pussy and so forth
    They got a name for the winners in the world

    http://procatinator.com/?cat=80

  22. #72
    Join Date
    Dec 2004
    Location
    SoCal
    Posts
    5,765
    Quote Originally Posted by Dr. Crank View Post
    You must be referring to this? Hard to keep up with all the corporate apologies lately
    It was a convoluted mix of anger, rumor, and damage control (and has absolutely nothing to do with MEC).
    One story: https://www.nraila.org/articles/2018...tement-on-yeti
    Another story: https://www.outsideonline.com/230018...t-you-think-it

    A completely polarized incident, like everything else these days, sadly.

    Back to MEC.

  23. #73
    Join Date
    Oct 2008
    Location
    Vernon BC
    Posts
    1,778
    MEC used be amazing quality for the price. I have a back pack and a duffel bag from them that are probably 25 years old... and yet the similar 5 y/o MEC pack and duffel are pretty much trash.

    Its still a shame, they were starting to carry a much better selection of bike parts and tools. the real plus was shipping only took 24hrs for most of my orders.
    "Its not the arrow, its the Indian" - M.Pinto

  24. #74
    Join Date
    Jan 2008
    Location
    Strong and Free
    Posts
    400
    Quote Originally Posted by kalisto View Post
    Given the amount of people buying outdoor stuff during this whole covid thing, no way you can compare MEC to all those other retailers. They have been going downhill for a while, this was just the final nail in the coffin.
    At least 3 major outdoor gear retailers in Canada have gone into some form of bankruptcy/receivership this year: La Cordee, Sail/Sportium, and now MEC. Combined, those 3 had 44 store locations, plus e-commerce operations, and must account for a pretty large percentage of the Canadian market. I donít know the full stories, but it must be a tough business.

  25. #75
    Join Date
    Dec 2006
    Location
    Agrestic
    Posts
    5,194
    Quote Originally Posted by waxman View Post
    especially when they keep hiring dufuses from Best Buy and other mass market box stores instead of the outdoor industry, of course the way they were going they probably should have been hiring commercial real estate experts
    There are plenty of doofuses in the outdoor industry available to hire.

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