You can't blame 5 years of consumer challenges for Canadian Tire on seasonality: portfolio manager
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- เผยแพร่เมื่อ 27 พ.ค. 2024
- John O'Connell, chairman and chief executive officer, Davis Rea joins BNN Bloomberg, to discuss Canadian Tire's falling same store sales.
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Of course sport check is down. Who the fuck has money for kids sports when all extra money goes into the damn mortgage!
Even skiing and snowboarding anyone going on vacation this year? Not me
So funny. No one is making comments on the most important thing this investor said. "I dont recommend investing in Canada..." that one line says all you need to know and why we are in trouble.
The absolute worst customer service imaginable at this store.
If they could just sell more junk, that people do not need, I think they would be ok.
I liked Canadian Tire when I was younger. Sale prices were actually good value and employees didn't follow you around the store. I avoid the store now.
I bought 2 bicycles here a few years ago. I went and took my bike for a check as it was producing a weird sound. The person at the customer desk treated me like they were doing me a favor. 2 years ago, I returned a 30$ item and I was treated like a criminal during the entire process. customer service lady was yelling and having a lot of side comments. It's not really something I want to experience again. After these shitty experience, I never went back again.
I had to stop buying Garbage bags from Canadian Tire . So thin pop cans would tear them open . Its unfortunate, but all of their stuff is like that . They are like Sears , they really lost their way .
Smart Investors all say what this guy does... The fact is I don't invest in Canada - after a decade of Trudeau there is nothing left worth investing in.
100%
I don't think they even try to source any of their products anywhere but from China. They should just rename to Chinese Tire, would be more relevant to their business.
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Its simple.The carbon taxes are meant to slow the economy.Thats what Justin likes
if there was, and in a way it is, a franchise that made food unappetizing but backed by the government, then all private businesses have to waste money making seem good, and this is Food.
I usually end up on the Amazon app when shopping at CTC.
I used to like to by camping gear and household items from Canadian Tire. Now I find the selection is poor and expensive, so going elsewhere makes more sense. In particular Amazon sells items for cheaper, with a quick delivery and better selection.
I’ve never seen a Canadian tire store look like that! Which location?
Most of ours look like that Windsor, Ontario and Essex, Ontario.
Canadians were so clueless, greedy, and short sighted.
Canadian tire is trying to sell to many different products, they are a auto store, not a copy of Woolco,
No analysis is needed as it actually quite simple and explainable. After the middle class earners pay for their accommodations, their food and their energy costs they have nothing left in their bank accounts. Its that simple.
I wonder how Canadian Tire Bank is doing
With the triangle logo.. do a dig on that
New economy was built on people buying crap. the old economy ran on services. When I buy crap made in other countries I make the other countries rich. When I buy services, I keep the money in the local economy.
Everything is Canadian Tires fault.
Not shocked. Shit customer service run by shit mgmt. whaddya expect was gonna happen?
Or maybe some folks are waking up to the fact that the entire Chinese military has been purchased by foolish consumers buying Chinese crap - $1 at a time. Nothing Canadian about Canadian Tire except for the name.
Canada is not growing it's economy is the right direction. Government invests in yesterday industry like ship building (now an extension of the civil service as no one but the Canadian Government will buy such over priced ships). Where is the robotics industry? Where is the computer chip industry? Where is this the long gone communication and technology industry? What happened to our high tech military industry of the post war period? This is where high wealth is to be created. It takes a strong Canadian dollar to buy the equipment to build this industry and to pay the people who work in it. Software engineers earn multiple times more in the US than in Canada and they are paid in US dollars worth 35% to 40% more.
Change your way of thinking and focus on an economy that pays well, uses state of the art technology, and creates a high value Canadian dollar. Stop subsidizing our outdated businesses with a cheap Canadian dollar as it insults us that we are valued so little.
Governments need to create a tax and business culture that makes us want to drop our mindless jobs and become entrepreneurs.
Why are the Feds wasting time trying to lure another International Grocer? Just make Canadian Tire sell groceries with its existing products like Walmart. No partnership with Sobeys like last time be your own stand alone brand and distributor.
@@gruntlord6 that would be too expensive to set up and then an inevitable future Conservative Government would shut it down or privatize it like they did with Air Canada & Petro Canada.
@@Sam19509 too expensive.. has that ever stopped your bf before? billions to a war that isnt our problem is affordable right? you are beyond pathetic
@@Sam19509 to expensive.. when has that ever stopped your bf before? billions to a war that isnt our problem is affordable right? you are beyond pathetic
@@Sam19509 to expensive.. when has that ever stopped your bf before? billions to a war that isnt our problem is affordable right?
if these compaines were any smart they would be kicking down the governments door and dragging them out. fact is we dont have money to spend as this country is unnaffordable. didnt best buy have to close down a bunch of stores in america because nobody is buying anything?
lol more people showrooming and buying online and even picking up at store to avoid shipping costs.
@@Sam19509 your point makes zero sense. the problem is the shares and profits are going down because nobody is buying anything. Online vs in store shoppping is not the issue... lol.. amazing you keep getting thumbs up for missing the point, this country is so screwed if ppl are more dumb then you. im just a dumb stoner with a grade 10, the fact i have to correct anyone is sad tbh. not hard to see why we are one of the most vax in atted countries
@@MrPorsche91730 If they buy online because its cheaper that would 100% be a factor
@@MrPorsche91730 people are buying stuff online from Amazon, Costco & Walmart that they are seeing at Best Buy and other electronics stores.
@@Sam19509 that makes zero sense. so profits are falling because people are buying candian tire online and picking up at the store?l im amazed you typed that and actually thought you were saying anything remotely intelligent. im honestly scared you got 2 likes... damn our country is dumb, not hard to see why we are the most v@xx3d ...lol