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Thread: store closing?

  1. #1
    Posted by an unregistered user Guest-0118's Avatar
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    store closing?

    I have heard a rumour that this store is closing soon. Does anyone know more about this, or what might be moving in there?

  2. #2
    Posted by an unregistered user Guest-0110's Avatar
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    Re: store closing?

    Quote Originally Posted by Unregistered View Post
    I have heard a rumour that this store is closing soon. Does anyone know more about this, or what might be moving in there?
    I don't know if that particular location is closing, but if the entire chain went bankrupt I would celebrate for a week.

  3. #3
    Member RogerRZ's Avatar
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    Re: store closing?

    Quote Originally Posted by Unregistered View Post
    I don't know if that particular location is closing, but if the entire chain went bankrupt I would celebrate for a week.

    ...and I'd join you!

  4. #4
    Posted by an unregistered user Guest-0551's Avatar
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    Re: store closing?

    how could the store gonna went on bankcruptcy if this store only sells the cheapest of all cheapest product in canada?a necessity might be a big factor for canadians("practically") to buy stuff from this store in a cheaper price with the same quality and exchange program compare to the branded names....I would go for it for my hard earned money....if you guys are smart i would the same...think...think...think....

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    Smile Re: store closing?

    Quote Originally Posted by Unregistered View Post
    I don't know if that particular location is closing, but if the entire chain went bankrupt I would celebrate for a week.
    Yes, it will be a good news, my friends and I will celebrate too .

  6. #6

    Re: store closing?

    Quote Originally Posted by Unregistered View Post
    Yes, it will be a good news, my friends and I will celebrate too .
    Agreed, only only complete bankruptcy will be truly satisfying.

    This once-great retailer no longer deserve the priviledge of using "Canadian" in its name.

  7. #7
    Posted by an unregistered user Guest-0533's Avatar
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    Re: store closing?

    and wishing bankruptcy and 50,000 people out of work is deservingly Canadian? YOu should be ashamed of yourself

    Either way, your dreams will never come true....as I suspect is probably the case with much of your life.
    CT is a cash rich company with tons of assets as well. THey make profit quarter after quarter...in fact I don't even recall the last time there was a loss in the quarter. Probably been 30 years.

    You're just a bitter loser that's all. What happened? you apply to be a dealer and get rejected? lol

  8. #8

    Re: store closing?

    Quote Originally Posted by Unregistered View Post
    and wishing bankruptcy and 50,000 people out of work is deservingly Canadian? YOu should be ashamed of yourself
    So typical of CT arrogance, to assume that customers wouldn't just seamlessly shift their business to other retailers and garages, who are more worthy of their patronage.

    So typical of CT arrogance, to assume that the employees wouldn't just seamlessly begin working at the other businesses.

    The only people who need to be ashamed, are the arrogant Crappy People, who exploit their workers, cheat their customers, and assume they can continue with impunity.

  9. #9

    Re: store closing?

    Quote Originally Posted by Unregistered View Post
    CT is a cash rich company with tons of assets as well.
    If they have so much cash, how come they have $3.3 BILLION in debt?

    Just curious why some of that cash you say exists, isn't being used to pay down that debt?

    I know lots of people, when they have huge debts, will at least think about selling off some of their assets to get out from under the crushing debt load.

    Just an idea your CT people might want to consider ...

  10. #10

    Re: store closing?

    Quote Originally Posted by Unregistered View Post
    If they have so much cash, how come they have $3.3 BILLION in debt?

    Just curious why some of that cash you say exists, isn't being used to pay down that debt?

    I know lots of people, when they have huge debts, will at least think about selling off some of their assets to get out from under the crushing debt load.

    Just an idea your CT people might want to consider ...
    they spend over $100 a year just in interest costs

    crappy tire only had $632 million in cash at the start of 2011

    that's why they had to borrow so much to buy forzani for $771 million

    sporting goods are discretionary - they better hope they can keep up the cash flow

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