118 years down the tubes

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D

Darts

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Retail is a tough business. Zellers went bust (probably because of Wal-Mart). Targets took over some Zellers locations and then left town.

Just heard that Henry's closed 7 of their stores.
 
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james t kirk

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John Wick said:
Lowes is a well documented story, in case anyone living under a rock decides to actually do some research. They aren't out of the woods yet.

https://www.cnbc.com/2020/02/26/lowes-low-earnings-q4-2019.html

Same with Best Buy.

Stock price doesn't always tell the full story.

https://www.swfinstitute.org/news/78944/will-retailer-best-buy-draw-closer-toward-a-bankruptcy-scenario

Let's have a look at the old balance sheet and stock prices end of Q2 post COVID-19 which as we all know has been such a huge blessing for business. Remember that record breaking US stock market? Where is it now?
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With respect to Lowes, (with all due respect to you), did you actually read the link you posted, or did you just do some google search with "Lowes business down" or the like and post the link?

Cause I actually did read your link and it's pretty good. Their sales are up (albeit by not as much as they had hoped, but up none the less) and they are making a profit. Lowes aint Sears. (I could see Sears going bust for years in Canada ever since they were taken over by that con artist Eddie Lampert.)

Lowes has had a tough go in Canada because they seem to have over-built in an attempt to catch up with Home Depot. Specifically, Lowes bought Rona and Rona was and is a basket case. Of all the 3 big box suppliers in Canada (Home Depot, Lowes and Rona), Rona is THEE smallest and THEE worst. (But that's another story.) I cannot fathom why Lowes bought Rona. They must have seen something I don't. The problem with the Rona acquisition was that there were too many Ronas, and often they were too close to existing Lowes stores and frankly the Rona stores are significantly smaller than any Lowes. In addition, while I find Lowes stores to be well stocked, clean and well organized, Ronas are the exact opposite (save and except those Ronas which appear to be still owned by franchise owners. Example, the Rona on Islington is great, but the Rona at the stockyards is a disorganized dump. Most likely that Rona on Islington was a Lansing Buildall at one time (which was taken over by Rona 20 years ago or so and they (Rona) effectively destroyed all the old Lansings) and the stockyards RONA is a corporate store.)

But I digress.

Lowes in Canada has struggled a bit, but I'd like to think they are sorting it out. Because I like Lowes a LOT more than Home Depot. HD is better for tools, but that's about it. (And anyone who buys tools in the GTA knows that your first stop is IHL Tools in Woodbridge. God, I love that place.) The one huge thing that sets Lowes above HD is their sales. Lowes consistently has really great sales. (For example, last weekend, 20% off store wide if you spent more than $250.00). Lowes also carries better lines of finish products. If given the choice between Lowes and HD, I will pick Lowes every time. Just for me, the stockyards HD is very close to my place. But if I want better quality, or sales, I will make the drive to a Lowes.
 
WyattEarp

WyattEarp

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May 17, 2017
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james t kirk said:
Lowes has a tough go in Canada because they seem to have over-built in an attempt to catch up with Home Depot. Specifically, Lowes bought Rona and Rona was and is a basket case. Of all the 3 big box suppliers in Canada (Home Depot, Lowes and Rona), Rona is THEE smallest and THEE worst. (But that's another story.) I cannot fathom why Lowes bought Rona. They must have seen something I don't.
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It's both interesting and sad how many multibillion dollar companies with all their expensive advisors and strategists make absolutely stupid billion dollar acquisitions. AT&T's $67 billion dollar acquisition (including debt) of DirectTV in 2015 stands out as a colossal mistake. In 2015, it was clear people were already migrating to streaming TV and this trend would deepen. Unbelievably, the same CEO is in charge at AT&T.
 
glamphotographer

glamphotographer

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J

John Wick

Baba Yaga
Oct 25, 2019
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james t kirk said:
With respect to Lowes, (with all due respect to you), did you actually read the link you posted, or did you just do some google search with "Lowes business down" or the like and post the link?

Cause I actually did read your link and it's pretty good. Their sales are up (albeit by not as much as they had hoped, but up none the less) and they are making a profit. Lowes aint Sears. (I could see Sears going bust for years in Canada ever since they were taken over by that con artist Eddie Lampert.)

Lowes has had a tough go in Canada because they seem to have over-built in an attempt to catch up with Home Depot. Specifically, Lowes bought Rona and Rona was and is a basket case. Of all the 3 big box suppliers in Canada (Home Depot, Lowes and Rona), Rona is THEE smallest and THEE worst. (But that's another story.) I cannot fathom why Lowes bought Rona. They must have seen something I don't. The problem with the Rona acquisition was that there were too many Ronas, and often they were too close to existing Lowes stores and frankly the Rona stores are significantly smaller than any Lowes. In addition, while I find Lowes stores to be well stocked, clean and well organized, Ronas are the exact opposite (save and except those Ronas which appear to be still owned by franchise owners. Example, the Rona on Islington is great, but the Rona at the stockyards is a disorganized dump. Most likely that Rona on Islington was a Lansing Buildall at one time (which was taken over by Rona 20 years ago or so and they (Rona) effectively destroyed all the old Lansings) and the stockyards RONA is a corporate store.)

But I digress.

Lowes in Canada has struggled a bit, but I'd like to think they are sorting it out. Because I like Lowes a LOT more than Home Depot. HD is better for tools, but that's about it. (And anyone who buys tools in the GTA knows that your first stop is IHL Tools in Woodbridge. God, I love that place.) The one huge thing that sets Lowes above HD is their sales. Lowes consistently has really great sales. (For example, last weekend, 20% off store wide if you spent more than $250.00). Lowes also carries better lines of finish products. If given the choice between Lowes and HD, I will pick Lowes every time. Just for me, the stockyards HD is very close to my place. But if I want better quality, or sales, I will make the drive to a Lowes.
Click to expand...
I did read it, and more, I understood it. You'll note that the date of the article was in mid Feb, and based on 2019 performance. If you do some research, I think you'll find that in May, their fortunes have changed...like I said before, they are not out of the woods and I wouldn't be at all surprised to see them seek court protection earlier rather than later to buy time to restructure further.
 
M

MissCroft

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Victoria's Secret was in trouble for a while. Too much competition. I think they get most of their business from catalogue orders anyway.
 
K

kherg007

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May 3, 2014
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Not JC Penney! Where can i buy my polyester 3 piece suits now??????
 
D

Darts

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Jan 15, 2017
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MissCroft said:
Victoria's Secret was in trouble for a while. Too much competition.
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A while back one of my friends bought a "crotchless" pair of panties for his wife. When he gave it to her, she said: "WTF am I suppose to do with this piece of shit?"

(Yes Shack, we all know this thread is about JC Penney and not about Lowes or Vicky's Secrets.)
 
L

lessjamie7

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Mar 10, 2013
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Like most of these shithole consumerist extremist retail outlets, they are filling a spiritual void in people with useless shit they don't need, each purchase brings some perverse fleeting relief to these people and then assuredly the feeling wears off and the need to purchase the next feel-good item arises and on and on the unconscious search for inner comfort, or feeling satiated continues. Unconcious exasperating insatiable materialism. It is so fucked up, people actually get together to display and compare their talismans of spiritual emptiness.

I know this wont be a popular opinion however I know that it is true and to the consumerist elite? fighting words.



LJ
 
J

james t kirk

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Aug 17, 2001
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John Wick said:
I did read it, and more, I understood it. You'll note that the date of the article was in mid Feb, and based on 2019 performance. If you do some research, I think you'll find that in May, their fortunes have changed...like I said before, they are not out of the woods and I wouldn't be at all surprised to see them seek court protection earlier rather than later to buy time to restructure further.
Click to expand...
So short it.
 
K

kstanb

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Apr 25, 2008
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I hope honey birdette survives as I like women wearing their stuff

can't care less for Victoria Secret
 
L

lomotil

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Mar 14, 2004
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Oblivion
lessjamie7 said:
Like most of these shithole consumerist extremist retail outlets, they are filling a spiritual void in people with useless shit they don't need, each purchase brings some perverse fleeting relief to these people and then assuredly the feeling wears off and the need to purchase the next feel-good item arises and on and on the unconscious search for inner comfort, or feeling satiated continues. Unconcious exasperating insatiable materialism. It is so fucked up, people actually get together to display and compare their talismans of spiritual emptiness.

I know this wont be a popular opinion however I know that it is true and to the consumerist elite? fighting words.



LJ
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This is true, you are right about this. The quarantine has caused a reality check in what drives discretionary spending. What do you predict will fill the spritual void since the "talismans " are out of reach and human interaction is at an all time low due to social media and now social distancing ?
 
D

Darts

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Jan 15, 2017
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kstanb said:
I hope honey birdette survives as I like women wearing their stuff

can't care less for Victoria Secret
Click to expand...
Lululemon and yoga pants will live forever. I like the white ones. With proper lighting they look transparent.
 
WyattEarp

WyattEarp

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May 17, 2017
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John Wick said:
I did read it, and more, I understood it. You'll note that the date of the article was in mid Feb, and based on 2019 performance. If you do some research, I think you'll find that in May, their fortunes have changed...like I said before, they are not out of the woods and I wouldn't be at all surprised to see them seek court protection earlier rather than later to buy time to restructure further.
Click to expand...
I'm sorry this is wrong. Lowe's was worth $48 billion just before COVID benefited the company.
 
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