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  1. #26
    Join Date
    Mar 2008
    Location
    northern BC
    Posts
    21,629
    that sounds like something I said, I say a lot of shit but I can't lie

    cuz I can't even remember what I said 10 minutes ago,

    either early stage dementia

    or living in the moment
    Lee Lau - xxx-er is the laziest Asian canuck I know

  2. #27
    Join Date
    Dec 2005
    Posts
    4,394
    Look on the bright side- you get to meet new people every day

  3. #28
    Join Date
    Oct 2008
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    Somewhere else
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    Quote Originally Posted by altasnob View Post
    I always wondered why REI didn't move into the Canadian market like other American chain stores, particularly since they are headquartered in Seattle. Maybe MEC's troubles will prompt them to. Although at the moment, REI seems to be having the same problems MEC had. Everyone just buys everything on Amazon now anyway.
    The kinds of things I bought from MEC are not something I would or even could get on Amazon.

    Straying into selling fashions and crap that everyone else already sells is what exposed them to risk from Amazon competition in the first place.

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

  4. #29
    Join Date
    Oct 2008
    Location
    Somewhere else
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    4,058
    The thing I can't figure out is who benefits from this sale?

    It's not like the board, or anyone, holds a large share and wants to cash out. Maybe there will be huge bonuses for some paid staff like the CEO for "successfully recovering" or some shit like that?

    I would think given that it's a not for profit they'd almost be just as good to collapse into the Ether and give away the remaining stock... yeah right.

    And even before that, what kind of retarded board wants to aggressively expand a not for profit company? It makes no sense at all.

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

  5. #30
    Join Date
    Dec 2005
    Posts
    2,059
    member since 1984ish when they were in the basement in Calgary, stopped buying when they went all predatory on their purchasing practices on bike tools/ski wax
    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.

    300ish dollars back

    as others have mentioned they lost their way
    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

  6. #31
    Join Date
    Dec 2006
    Location
    bestcoast
    Posts
    1,667
    Quote Originally Posted by Shorty_J View Post
    The thing I can't figure out is who benefits from this sale?

    It's not like the board, or anyone, holds a large share and wants to cash out. Maybe there will be huge bonuses for some paid staff like the CEO for "successfully recovering" or some shit like that?

    I would think given that it's a not for profit they'd almost be just as good to collapse into the Ether and give away the remaining stock... yeah right.

    And even before that, what kind of retarded board wants to aggressively expand a not for profit company? It makes no sense at all.

    Sent from my SM-A505W using Tapatalk
    yeah, I'm with you...the whole thing is a bit bizarre. Even on CBC this morning the host was interviewing someone from the co-op world, and the host was spewing the standard "they needed business experienced people on the board" when talking about how they'd moved away from member focused to growth focus....what fucking experience? experience to run a successful co-op into the ground? Why is there this continued belief that "businessmen" know what the fuck they're doing at all times?

  7. #32
    Join Date
    Dec 2005
    Posts
    2,059
    Quote Originally Posted by t.odd View Post
    yeah, I'm with you...the whole thing is a bit bizarre. Even on CBC this morning the host was interviewing someone from the co-op world, and the host was spewing the standard "they needed business experienced people on the board" when talking about how they'd moved away from member focused to growth focus....what fucking experience? experience to run a successful co-op into the ground? Why is there this continued belief that "businessmen" know what the fuck they're doing at all times?
    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
    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

  8. #33
    Join Date
    Oct 2003
    Location
    Banff
    Posts
    20,925
    Quote Originally Posted by waxman View Post
    300ish dollars back

    share price increase? Fuck: if I would have known that, I would have done the same


  9. #34
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    8,484
    Yeah, 300? Same here.

  10. #35
    Join Date
    Dec 2005
    Posts
    2,059
    https://rq5862jalnt2ow16l1brj575-wpe...l_Transfer.pdf

    it's probably too late but here was the form to cancel your membership

    let me know if it still works

    There was a pretty good pushback from the hunting/shooting community when they pulled that crap I knew a couple of guys that got thousands back and promptly went and bought ammo/guns etc
    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

  11. #36
    Join Date
    Sep 2008
    Posts
    11,187
    I looked at the board and board recommendations for this year...

    They had all these peeps with fancy educations and big box. WTF, had no one realized big box has been getting slaughtered for a decade? Coop members should be allowed to sue for negligence.

    ^^^

    that link didnt paste properly. of course i bought in pretty high in 2016, so maybe my 5$ is only worth about 1.75$ now.
    They got a name for the winners in the world

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

  12. #37
    Join Date
    Dec 2005
    Posts
    2,059
    i sent the pdf to mntlion maybe he can just post it as TGR hates my pics right now
    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

  13. #38
    Join Date
    Jan 2004
    Location
    North Vancouver
    Posts
    6,263
    Quote Originally Posted by waxman View Post
    i sent the pdf to mntlion maybe he can just post it as TGR hates my pics right now
    https://rq5862jalnt2ow16l1brj575-wpe...l_Transfer.pdf

    Redemption of Shares.

  14. #39
    Join Date
    Nov 2012
    Location
    Vancouver, BC
    Posts
    1,017
    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)

  15. #40
    Join Date
    Jan 2005
    Location
    Keep Tacoma Feared
    Posts
    1,589
    MEC members launch petition to cancel sale to US investor. Change.org petition had nearly 6,000 signatures as of Tuesday morning. Are they willing to cover the $11 million loss MEC had last year?

  16. #41
    Join Date
    Apr 2002
    Location
    At the North end of the Parkway
    Posts
    1,589
    A special levy of $2.50 on every member would cover the last year loss. The current year loss and called in credit seems to be more on the line of $20 per member.

  17. #42
    Join Date
    Feb 2009
    Posts
    440
    Quote Originally Posted by Shorty_J View Post
    The thing I can't figure out is who benefits from this sale?

    It's not like the board, or anyone, holds a large share and wants to cash out. Maybe there will be huge bonuses for some paid staff like the CEO for "successfully recovering" or some shit like that?

    I would think given that it's a not for profit they'd almost be just as good to collapse into the Ether and give away the remaining stock... yeah right.

    And even before that, what kind of retarded board wants to aggressively expand a not for profit company? It makes no sense at all.
    A co-op isn't a limited liability company. Anyone know if directors of a co-op might be liable for losses - especially if they are found negligent?

  18. #43
    Join Date
    Oct 2008
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    Somewhere else
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    Quote Originally Posted by nickinbc View Post
    A co-op isn't a limited liability company. Anyone know if directors of a co-op might be liable for losses - especially if they are found negligent?
    If that's the reason that's super fucked.

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

  19. #44
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    Jan 2005
    Location
    Keep Tacoma Feared
    Posts
    1,589
    Negligent? What brick and mortar retail isn't on the brink of bankruptcy right now.

  20. #45
    Join Date
    Sep 2010
    Location
    Shuswap Highlands
    Posts
    2,869
    Put me down as another member from the 80's that felt the company lost its way in the new millennium. Especially since I never lived in a city where/when there was a brick and mortar outlet - the vast majority of my purchases there over the years were by phone/online. I could never fathom why they continues to open stores, and then multiple stores in the same city. All those fancy executives from 'industry' where unchecked growth was the only business model they know. So far beyond the original concept that made the original brand what it was. Very sad, but I suppose the membership got what we voted for.

  21. #46
    Join Date
    Mar 2008
    Location
    northern BC
    Posts
    21,629
    Consider maybe we got the store we deserved cuz it is after all a coop

    the early members were UBC varsity outdoor club people,

    some pretty out there folks back in the 70's

    the new members are the new members
    Lee Lau - xxx-er is the laziest Asian canuck I know

  22. #47
    Join Date
    Jun 2004
    Location
    Pemberton, BC
    Posts
    1,709
    Well at least they are folding and getting snatched up by vulture capitalists instead of getting a tax payer funded bailout, then folding.

  23. #48
    Join Date
    Nov 2011
    Posts
    1,619
    I went in to MEC to pick the salomon brakes I scored and the store looked like a toilet paper aisle in march. Most items did not have a price tag. They said they don't have enough staff to bring out the stock and place the price tags.

    I feel sorry for the old MEC, I couldn't care less for the square MEC.

    I am pretty happy decathlon is in Canada. They are a retail store that's probably doing just fine competing with Amazon.

  24. #49
    Join Date
    Jun 2009
    Location
    In a pineapple and wants to ski
    Posts
    1,400
    Everyone thinks they are an experts about MECs demise.
    Retail is a fickle beast and it takes a lot to make retail work.

    Especially when MEC started, back then online wasn't as big a competitor
    to bricks n mortal stores. And even outdoor was still a fledgling industry.

    I think they diluted their purpose a little to much,
    and paid staff a little to little.

    Tim Hortons is doing well,
    in spite of the non-Canadian ownership.

    They have always had staff that care.
    I've always liked that about MEC.
    Last edited by puregravity; 09-16-2020 at 04:37 AM.

  25. #50
    Join Date
    Sep 2008
    Posts
    11,187

    MEC in reecievership

    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.
    if they wanted to go that route they should have rebranded as CEM.

    - out west me
    They got a name for the winners in the world

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

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