Shop.ca files for bankruptcy

Jul 5th, 2016 12:24 pm

#1

Ryan [OP]: Deal Fanatic; Mar 31, 2001; 8460 posts; 1447 upvotes; Toronto

Jul 5th, 2016 12:24 pm

Not a huge surprise, but Shop.ca has filed for bankruptcy:
http://betakit.com/shop-ca-has-filed-fo ... d-a-buyer/

They have been looking for a buyer, so it's possible that it continues in some form or another. They burned through $72 million dollars...

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Jul 5th, 2016 12:27 pm

#2

lecale: Deal Fanatic; Nov 15, 2008; 9721 posts; 4013 upvotes

Jul 5th, 2016 12:27 pm

Not surprised. They shipped me stuff without billing me and they could not resolve that on their end - ended up not paying anything. I tried.

+9

Jul 5th, 2016 12:37 pm

#3

JohnB: Deal Fanatic; Sep 5, 2002; 6630 posts; 963 upvotes

Jul 5th, 2016 12:37 pm

Yeah they used to have all these crazy sales like save $50 on $100 purchase etc. Not surprised.

Originally Posted by uruha:
I saw a customer returning a book at Costco + telling the employee that the book was good.

Jul 5th, 2016 12:41 pm

#4

hvwkzq: Deal Fanatic; Aug 3, 2014; 5656 posts; 3569 upvotes

Jul 5th, 2016 12:41 pm

I just made an order last week, and I was wondering why they are not on eBates anymore...

+1

Jul 5th, 2016 12:54 pm

#5

Cheapo-Findo: Deal Guru; Mar 9, 2007; 14002 posts; 9070 upvotes; Think of the Childre…

Jul 5th, 2016 12:54 pm

Good times with Shop.ca

WOULD SOMEBODY THINK OF THE CHILDREN!!!

Jul 5th, 2016 1:25 pm

#6

TheMadMax: Sr. Member; Oct 3, 2015; 749 posts; 1488 upvotes; Toronto

Jul 5th, 2016 1:25 pm

Thanks for all the free stuff!

Jul 5th, 2016 7:36 pm

#7

zobi123: Deal Addict; Apr 12, 2012; 2719 posts; 2288 upvotes; Toronto

Jul 5th, 2016 7:36 pm

Another canadian business bites the dust.
http://www.bnn.ca/News/2016/7/5/Shopca- ... ports.aspx
http://betakit.com/shop-ca-has-filed-fo ... d-a-buyer/

+2

Jul 5th, 2016 7:37 pm

#8

warpdrive: Deal Expert; Mar 6, 2003; 15333 posts; 6750 upvotes; Ottawa

Jul 5th, 2016 7:37 pm

it was obvious it wasn't sustainable. Tons of advertising, continuous stream of bonuses, sign-up coupons, 20% ebates and often able to stack discounts.

Jul 5th, 2016 7:41 pm

#9

VanceMendoza: Deal Addict; May 6, 2012; 3410 posts; 1070 upvotes

Jul 5th, 2016 7:41 pm

Good.

These guys *****ed me on legitimate promos and charged my credit card higher after I checked out with discounts. Never used them again.

+3

Jul 5th, 2016 7:44 pm

#10

heymcfly: Jr. Member; Nov 11, 2013; 100 posts; 49 upvotes; Kitchener

Jul 5th, 2016 7:44 pm

not surprised. prices were terrible. literally nothing on that site you couldn't get for cheaper elsewhere.

+5

Jul 5th, 2016 7:48 pm

#11

Avril25: Newbie; May 25, 2016; 29 posts; 5 upvotes

Jul 5th, 2016 7:48 pm

I was able to get a hairdryer for $0.84 during a TD Aeroplan Visa $50 credit promo. I haven't revisited/shopped again at the website, as I noticed most items were overpriced. Even the hairdryer was $10+ more than other shops/website at the time.

Jul 5th, 2016 7:52 pm

#12

heymcfly: Jr. Member; Nov 11, 2013; 100 posts; 49 upvotes; Kitchener

Jul 5th, 2016 7:52 pm

Avril25 wrote: ↑I was able to get a hairdryer for $0.84 during a TD Aeroplan Visa $50 credit promo. I haven't revisited/shopped again at the website, as I noticed most items were overpriced. Even the hairdryer was $10+ more than other shops/website at the time.

yeah i think i got a watch during that promo. hope everybody got their aeroplan bonus miles by now otherwise you're probably SOL.

Jul 5th, 2016 7:56 pm

#13

ironmonk: Jr. Member; Dec 13, 2009; 154 posts; 49 upvotes; London

Jul 5th, 2016 7:56 pm

Not a very good business model at all. I think I bought once the 50 dollars off on 100 and it was a gc.

Jul 5th, 2016 8:02 pm

#14

Poutinesauce: Deal Fanatic; Aug 29, 2012; 7233 posts; 5939 upvotes

Jul 5th, 2016 8:02 pm

Well I did get a nice Moose Knuckles coat for cheap from them in the beginnings. Otherwise, I won't miss them, yes.

List of credit cards friendly to people who don't qualify for Visa Infinite/MC World/MC World Elite; only good cards

Jul 5th, 2016 8:04 pm

#15

nounou23: Deal Fanatic; Nov 20, 2003; 6682 posts; 3052 upvotes; Moncton, NB

Jul 5th, 2016 8:04 pm

Funny today I was thinking that I should use up my credit... I guess I should use them soon now

Jul 5th, 2016 8:05 pm

#16

aeba7: Deal Fanatic; Nov 4, 2008; 6719 posts; 6777 upvotes; Richmond Hill

Jul 5th, 2016 8:05 pm

$50 Vita, $15 laser printer, $80 Audio technica M50s, $300 GTX970. Good times lol

When given enough time, all threads on RFD can and will go off on a tangent.

Jul 5th, 2016 8:11 pm

#17

noplan: Member; Sep 2, 2007; 438 posts; 154 upvotes

Jul 5th, 2016 8:11 pm

i was able to learn guitar solely because of that site. got a very cheap squier and a noname acoustic from them. not to mention a $20 2DS.

2012/2013 was the last time i remember a lot of exploitable promos every month (make infinite accounts for stackable $5 credits)... online retailers have smartened up a lot since then.

Jul 5th, 2016 8:13 pm

#18

Temporel: Deal Fanatic; Apr 10, 2011; 5999 posts; 9795 upvotes; Montreal

Jul 5th, 2016 8:13 pm

Another boywonder who thought he would "revolutionize" the way Canadians shop.

I only bought twice from them and ONLY because it was heavily discounted AND there was a 20% Ebates return.

Otherwise nothing could be bought from those outrageously inflated prices.

Good riddance!

"Shop.ca argues that one of the most attractive opportunities for investors is the company’s $70 million in net operating losses that could be used as a tax benefit."

So "Jo Tax Payer" is the real sucker in this matter.

The bitterness of poor quality remains long after the sweetness of low price is forgotten. - Benjamin Franklin

+1

Jul 5th, 2016 8:16 pm

#19

markom: Deal Addict; Oct 1, 2008; 1998 posts; 414 upvotes; Ottawa

Jul 5th, 2016 8:16 pm

[QUOTE]Shop.ca argues that one of the most attractive opportunities for investors is the company’s $70 million in net operating losses that could be used as a tax benefit.[/QUOTE]

Interesting way of promoting a sale.

After Beyond the Rack earlier this year, another one bites the dust.

Jul 5th, 2016 8:20 pm

#20

putty: Deal Addict; Aug 23, 2003; 1441 posts; 196 upvotes

Jul 5th, 2016 8:20 pm

I'm surprised they lasted this long.

+1