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dirtyjeffer
Anons on ignore, but not due to fear.
Premium
join:2002-02-21
London, ON
reply to milnoc

Re: Futureshop/Bestbuy abruptly shut down a dozen stores

said by milnoc:

Remember Adventure Electronics? Atlantic Electronics? Both big box consumer electronics stores that went bust, one replacing the other.

FS/BB's days may be numbered.

yes, i do remember Adventure Electronics...i worked for Majestic Electronics, who were then purchased by Adventure Electronics (and later worked for 2001 Audio/Video)...their problem (Adventure) was they grew too quickly and bit off WAY more than they could financially handle...senior/executive management at Adventure was a mess (not sure if it was a Quebec mentality)...they had 5 stores here in London...one downtown (which was a money pit, and eventually closed), 4 in the main malls here (which had ridiculous rents, and Masonville had 2 stores, because of the lease requirements from the "Majestic" days)...and a large superstore...realistically, they should have only had the one large store...none of the mall stores made any money.

they spent a FORTUNE on expanding and expanding, thinking that the more presence they had, the better they would do...that house of cards collapsed within a few years.
--
People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

- George Orwell

telco_mtl

join:2012-01-06
said by dirtyjeffer:

said by milnoc:

Remember Adventure Electronics? Atlantic Electronics? Both big box consumer electronics stores that went bust, one replacing the other.

FS/BB's days may be numbered.

yes, i do remember Adventure Electronics...i worked for Majestic Electronics, who were then purchased by Adventure Electronics (and later worked for 2001 Audio/Video)...their problem (Adventure) was they grew too quickly and bit off WAY more than they could financially handle...senior/executive management at Adventure was a mess (not sure if it was a Quebec mentality)...they had 5 stores here in London...one downtown (which was a money pit, and eventually closed), 4 in the main malls here (which had ridiculous rents, and Masonville had 2 stores, because of the lease requirements from the "Majestic" days)...and a large superstore...realistically, they should have only had the one large store...none of the mall stores made any money.

they spent a FORTUNE on expanding and expanding, thinking that the more presence they had, the better they would do...that house of cards collapsed within a few years.

Aventure was also opening big box style stores at the same time as "boutique" stores. I remember they had multiple "boutiques" in some malls!