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