Apparel retailer Bench to shutter all Canadian stores
https://www.bnnbloomberg.ca/apparel-ret ... -1.1377921
Jan 22nd, 2020 10:50 am
Jan 22nd, 2020 11:18 am
Jan 22nd, 2020 12:03 pm
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Jan 22nd, 2020 2:01 pm
Jan 22nd, 2020 3:10 pm
Jan 22nd, 2020 3:25 pm
Jan 22nd, 2020 3:38 pm
To be fair clothing is very competitive and Bench is not exactly mainstream. As others have said it was trendy for a while but not so much right now.
Jan 22nd, 2020 3:45 pm
Just competition from the likes of Winners and H&M and whatever new brand is in fad. Canadians do tend to waste less money on clothes than americans, who change their wardrobe much more frequently to keep up with the Jones.
Jan 22nd, 2020 6:53 pm
Jan 22nd, 2020 7:07 pm
Riiiight. How "going out of business sales" work:
Jan 22nd, 2020 9:58 pm
Probably right lolKiraly wrote: ↑ Riiiight. How "going out of business sales" work:
- Announce closure
- Announce liquidation sale to great fanfare
- Jack up all prices to MSRP except have a 20% off "blowout" on certain items. This will be no better—probably worse—than their typical sales event
- Once deeper discounting starts, all the good stuff will have been already snapped up by clueless consumers in step 3
Future Stop, Eaton's, Target, it's the same song and dance every time.
Jan 22nd, 2020 11:12 pm
Jan 23rd, 2020 2:14 am
Definitely right if Hilco is handling the liquidations. You can spot them from a kilometre away -- loud fluorescent yellow signs with bold black text... same ones you saw at Eatons, Target, Sears...
Jan 23rd, 2020 9:59 am