Who shops at Bad Boy Furniture? NooooooooooBody. File for Bankruptcy

[DesRicardo]

Not a good sign. Losing a semi-Iconic retailer and most likely a signal for a economic downturn.
https://ottawa.ctvnews.ca/bad-boy-f...leaves-customers-in-financial-limbo-1.6643594

Bad Boy’s rise and fall: A timeline of how the retailer got to this point | Globalnews.ca

An Ontario court grants Bad Boy permission to begin liquidation sales. The court also extends the time Bad Boy has to file its restructuring proposal business to Jan. 23, 2024.

globalnews.ca

Looks like the crazies are starting to assemble too.
http://instagr.am/p/CzoibkYOvyz/

 

[farquhar]

Not a good sign. Losing a semi-Iconic retailer and most likely a signal for a economic downturn.
https://ottawa.ctvnews.ca/bad-boy-f...leaves-customers-in-financial-limbo-1.6643594

Bad Boy’s rise and fall: A timeline of how the retailer got to this point | Globalnews.ca

An Ontario court grants Bad Boy permission to begin liquidation sales. The court also extends the time Bad Boy has to file its restructuring proposal business to Jan. 23, 2024.

globalnews.ca

Looks like the crazies are starting to assemble too.
http://instagr.am/p/CzoibkYOvyz/

I don't know if I would call Bad Boy semi-iconic. Bad Boy wasn't paying its suppliers; and I have read that Bad Boy has used the Bankruptcy Act to restructure itself several times in the past.

And yet people choose to shop there; and while I can understand the upset of the guy in the Instagram clip who paid money for a bed for his daughter and now has no money and no bed, the sad reality is that nooooooooooobody is going to make him whole.

Canadian Tire laid off 3% of its staff due to declining sales; and same store sales at Sleep Country are down 5.5%. I think the Canadian economy is in recession as we speak.

 

[escortsxxx]

10 years l'll be surprised if anything in Canada.
Immigration prices oil prices staglation China cutting us offf Robotic issues ai.

 

[bazokajoe]

I think Rona will be the next big box store to start closing some stores and laying off staff. When a big equity firm takes over a company they will start slashing to save money to help fund the cost of take over. Declining economy is the perfect excuse for slashing.

 

[ogibowt]

this topic about Bad Boy was started a couple of days ago by another poster but was deleted...this one stays up..hhmmm

 

[Ceiling Cat]

Canadian Tire laid off 3% of its staff due to declining sales; and same store sales at Sleep Country are down 5.5%. I think the Canadian economy is in recession as we speak.

People are cutting back on the luxuries and the necessities. When times are hard are you going to spend as much on sporting good, vacations, hobbying? I keep an eye on the indicators of the economy. There will be less sales of snow mobiles this winter and less motorcycles next spring. Car sales are already down, used cars prices were inflated during the pandemic are now deflating in price. RV lots were emptied out two years ago because people wanted to vacation in the woods alone. Used RV prices are depressed now.

I think we will be going through at least a two to five year period of economic chaos. Know that there is reality and politics at play in this extraordinary situation. We may ( soon ) go through a economic downturn that may be hastened by the government just so that they can come along to make repair the situation for us just before the elections. ( USA and Canada ) Do not expect the same level of support after the elections.

Stay safe, plan ahead......do not be a U-man!

 

[xmontrealer]

I have a subscription to The New Yorker magazine. Great articles and cartoons. Also known for the ads that run in the magazine, mostly for upscale high-end stuff such as Gucci, Hermes, etc., and many high end jewellers.

Several weeks ago I noticed, for the very first time, an "Oliver Jewellery" type full page ad, offering to buy diamonds and other jewellery from people needing fast cash.

Here is a scan. A sign of the times, even in New York...

 

[explorerzip]

I only visited Bad Boy once to get a quote on an appliance. The salesman was a total asshole like I owed him something. I had the same attitude at Lazy Boy. Good riddance to businesses that pressure people into buying especially in an age where the customer knows more about products than the retailer.

Ikea is good enough for most people even if the quality can be so-so and the need for self-assembly.

 

[tml]

I only visited Bad Boy once to get a quote on an appliance. The salesman was a total asshole liked if I owed him something. I had the same attitude at Lazy Boy. Good riddance to businesses that pressure people into buying especially in an age where the customer knows more about products than the retailer.

Ikea is good enough for most people even if the quality can be so-so and the need for self-assembly.

We've had good experiences with the Chesterfield Shop.

 

[probyn]

I remember going to Bad Boy in the 1960s with my father when it was owned by Mel. A common TV commercial at the time for vacuum cleaners had the Kleenex placed flat across the hose hole and had the vacuum suck a hole in the Kleenex. Mel tried to do it for us but it didn't work lol. Six months after Mel sold Bad Boy, it went bankrupt. He knew it was going bankrupt lol.

 

[black booty lover]

Not a good sign. Losing a semi-Iconic retailer and most likely a signal for a economic downturn.
https://ottawa.ctvnews.ca/bad-boy-f...leaves-customers-in-financial-limbo-1.6643594

Bad Boy’s rise and fall: A timeline of how the retailer got to this point | Globalnews.ca

An Ontario court grants Bad Boy permission to begin liquidation sales. The court also extends the time Bad Boy has to file its restructuring proposal business to Jan. 23, 2024.

globalnews.ca

Looks like the crazies are starting to assemble too.
http://instagr.am/p/CzoibkYOvyz/

This place closing has nothing to do with a signal for a economic downturn. The reality is we don't know why this place has filed for bankruptcy. There's a bunch of variables involved.

 

[explorerzip]

We've had good experiences with the Chesterfield Shop.

I've heard their radio ads before, but nothing recently. I hope they're playing close attention to their competition and sales people. Or else they'll be next.

 

[escortsxxx]

Marketing Rant: How To Sell A Fridge To An Eskimo: A Marketing Stunt and A Lesson In Listening To Your Customer's Needs

alexmarketingrant.blogspot.com

Bad Boy had to compete with the "big boys", large retailers with deep pockets and a lot of dollars in their advertising budgets. Our hero managed to survive and prosper -- and become a celebrity -- by using a series of publicity stunts designed to seize the attention of the buying public.

So, how did our Bad Boy Mel manage to sell a fridge to an Inuit?

He LISTENED to his customer's needs.

Inuit don't need a fridge to keep the food cold. There is no lack of permafrost to ensure their food doesn't go bad prematurely .

Where the fridge comes in handy is when they need to protect the food from the animals never ceasing to try to dig it out and steal it.

Last week, ex-mayor Mel returned to Bad Boy. One can only guess what other publicity stunts Mr. Lastman has up his sleeve. One thing's for sure: The Brick, Leon's and their likes are about to lose some customers.

 

[Adam_hadam]

I only visited Bad Boy once to get a quote on an appliance. The salesman was a total asshole like I owed him something. I had the same attitude at Lazy Boy. Good riddance to businesses that pressure people into buying especially in an age where the customer knows more about products than the retailer.

Ikea is good enough for most people even if the quality can be so-so and the need for self-assembly.

I've bought several chairs from the Queensway Lazy Boy store. Knowing what you want before going in is half the battle and no I DON'T want an extended warranty.

 

[bestman007]

I've bought several chairs from the Queensway Lazy Boy store. Knowing what you want before going in is half the battle and no I DON'T want an extended warranty.

During the pandemic they left me hanging for months telling me my appliance was 'in transit' which I had purchased for a rental property. Eventually, I started giving them hard deadlines all of which were not met. In turn, they tried to upsell me on appliances which were no where close to the deal I got (felt like bait and switch).

One week before I called the credit card company to finally cancel the transaction, the representative stated that the appliance had just cleared customs. Subsequently, another representative contradicted them the day I contacted the credit card company to cancel, by stating that she would arrange for it to be expedited but she has no control over it clearing customs. I lost my sh*t and vowed to never again do business with them.

Oh yeah... one last thing is that they would not process my request for refund without charging me an exorbitant restocking fee, and literally forced my hand to involve my credit card company who got the charge reversed.

 

[ptp]

this topic about Bad Boy was started a couple of days ago by another poster but was deleted...this one stays up..hhmmm

My thoughts exactly

 

[shack]

I remember going to Bad Boy in the 1960s with my father when it was owned by Mel. A common TV commercial at the time for vacuum cleaners had the Kleenex placed flat across the hose hole and had the vacuum suck a hole in the Kleenex. Mel tried to do it for us but it didn't work lol. Six months after Mel sold Bad Boy, it went bankrupt. He knew it was going bankrupt lol.

Bad Boy used to be customer of my dad's. I always thought that that was cool.

 

[Joyrection]

During the pandemic they left me hanging for months telling me my appliance was 'in transit' which I had purchased for a rental property. Eventually, I started giving them hard deadlines all of which were not met. In turn, they tried to upsell me on appliances which were no where close to the deal I got (felt like bait and switch).

One week before I called the credit card company to finally cancel the transaction, the representative stated that the appliance had just cleared customs. Subsequently, another representative contradicted them the day I contacted the credit card company to cancel, by stating that she would arrange for it to be expedited but she has no control over it clearing customs. I lost my sh*t and vowed to never again do business with them.

Oh yeah... one last thing is that they would not process my request for refund without charging me an exorbitant restocking fee, and literally forced my hand to involve my credit card company who got the charge reversed.

Had a similar experience ordering furniture that never arrived and having sales and managers claiming and saying different deadlines. This was back in 2018, they are not a barometer for a failing economy by any stretch of one's imagination.

 

[explorerzip]

I've bought several chairs from the Queensway Lazy Boy store. Knowing what you want before going in is half the battle and no I DON'T want an extended warranty.

That's the same store I went to and they closed a few months ago. No surprise that there's an IKEA a few blocks away.

Future Shop was also infamous for hawking the pointless warranty. Best Buy does it too though, but at least their people are nowhere near as aggressive.

 

[bazokajoe]

People are cutting back on the luxuries and the necessities. When times are hard are you going to spend as much on sporting good, vacations, hobbying? I keep an eye on the indicators of the economy. There will be less sales of snow mobiles this winter and less motorcycles next spring. Car sales are already down, used cars prices were inflated during the pandemic are now deflating in price. RV lots were emptied out two years ago because people wanted to vacation in the woods alone. Used RV prices are depressed now.

I think we will be going through at least a two to five year period of economic chaos. Know that there is reality and politics at play in this extraordinary situation. We may ( soon ) go through a economic downturn that may be hastened by the government just so that they can come along to make repair the situation for us just before the elections. ( USA and Canada ) Do not expect the same level of support after the elections.

Stay safe, plan ahead......do not be a U-man!

Read an article the other day that snow tire sales have drop from last year. People don't have confidence in the economy to go out and spend hundreds on snow tires.