the price competition is getting fiercer...Canadian Tire shelled their "price match" policy which to me is a big dent to their market....they're taking away the chance to compete with Home Depot, Lowes & Princess Auto (which is getting some traction in the Market)... Consumers love to feel like they won the bargain when they can shop one item and get the best deal...Canadian Tire is now out of that target market... I just bought a Dewalt Drill Set for $197 at Homedepot (price was $319) because Amazon sells the same product for $197...price match is a good thing...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.