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Pyrites
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PostMon Sep 14, 2020 10:15 pm 
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https://www.cbc.ca/news/business/mec-acquired-private-investment-firm-1.5723934

I take this as unfortunate news.
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Frango
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PostTue Sep 15, 2020 8:47 pm 
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Very unfortunate. They got greedy over the past few years - expanded too fast, too far and got away from selling outdoor gear to outdoor people and more into outdoor fashion. (Hey REI - are you listening?!)
I knew the writing was on the wall the day they took the mountains out of their logo. 🙁
So, another Canadian icon gone; while the doors are still openíish, itís no longer a coop - just another store.
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Pyrites
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PostTue Sep 15, 2020 9:23 pm 
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Iíd gotten so I spent more money at MEC than REI. I especially thought their in house branded items were a buy.

Definitely has been a stop on Victoria visits.
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Malachai Constant
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PostTue Sep 15, 2020 9:46 pm 
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Back in the day you used to be able to get Dead Bird gear there for a fraction of US price and no GST or WA Sales tax with free shipping. Later got their house brand stuff that was cheaper and better than REIís.

I worked for a Canadian tech company which was bought out by a US vulture capital company. It was never the same most operations moved to Plano, stopped developing products, moved heavily into licensing. I retired and on my exit interview learned all the executives were planing on leaving also. Made big $$$ out of the deal on options etc. company is just a drained shell now. Employes only a skeleton crew in Canada. Sad

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"You do not laugh when you look at the mountains, or when you look at the sea." Lafcadio Hearn
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call-151
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PostWed Sep 16, 2020 9:17 am 
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I haven't visited a store since the pandemic started. Every time I drive by the local store there's a line-up to get in. When I heard the news the other day I decided to cash in a couple of gift cards I had. I bought a bike lock and a silky saw. You never know how this will all turn out. I hope they survive in some form though, they have to get back to their core business. Less fashion and more practical gear. I notice on their web site that 5 of the 22 retail stores are "Closed until further notice".
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call-151
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PostWed Sep 16, 2020 3:37 pm 
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A good twitter thread on what happened:
https://twitter.com/doctorow/status/1306262661823299585
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