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Canadian consumers walk the ‘loonie swagger'

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Canadian consumers walk the ‘loonie swagger'


Business | 208193 hits | Aug 28 7:00 pm | Posted by: Hyack
20 Comment

Executives at hip U.S. fashion purveyor Abercrombie & Fitch have a problem on their hands. Sales in Canada have been soft, as cautious shoppers balk at prices higher than those south of the border – a gap that remains even as the loonie soars above the U.

Comments

  1. by avatar sandorski
    Mon Aug 29, 2011 4:40 am
    lolx, Retail Fail.

  2. by avatar herbie
    Mon Aug 29, 2011 5:24 am
    Funny, I just came back from the Dollar Store where nothing was over $1.25. Or under $1.25. All the signs inside had .25 scrawled after the dollar logo.

  3. by avatar G-prime
    Mon Aug 29, 2011 3:45 pm
    there is something just magical about an article talking about how A&F isn't selling well. Maybe our country isn't as infested with toolbags as I once feared. Question: How's Ed Hardy doing?

  4. by avatar bootlegga
    Mon Aug 29, 2011 4:00 pm
    The strong dollar is prompting Canadian consumers to behave more like Americans – to be more demanding and more willing to raise a fuss about prices.


    Good to see people are reacting to this kind of pricing the way we did over books a few years back.

    One of the big reasons we pay more for the same goods is because we've been conditioned to do so - and a decade ago when our currency was 25 cents weaker, it made sense - but our currencies are now on par and it's time for retailers to stop gouging Canadians.

  5. by avatar BartSimpson  Gold Member
    Mon Aug 29, 2011 4:29 pm
    "bootlegga" said
    it's time for retailers to stop gouging Canadians.


    After the rejection of the HST in BC it seems it's also time for the government to stop gouging Canadians. :wink:

  6. by avatar DanSC
    Mon Aug 29, 2011 4:31 pm
    The strong dollar is prompting Canadian consumers to behave more like Americans – to be more demanding and more willing to raise a fuss about prices.

    Perpetuating a narrative at the Globe and Mail too? I thought it was just the .


  7. by avatar andyt
    Mon Aug 29, 2011 4:36 pm
    When the shoe fits, be more demanding and willing to raise a fuss about prices, I guess.

  8. by avatar RUEZ
    Mon Aug 29, 2011 4:47 pm
    "BartSimpson" said
    it's time for retailers to stop gouging Canadians.


    After the rejection of the HST in BC it seems it's also time for the government to stop gouging Canadians. :wink:
    The HST wasn't that much of a gouge. It was more the way it was brought in. I would have prefered a 10% HST than what we are going back to.

  9. by avatar andyt
    Mon Aug 29, 2011 4:51 pm
    Bart is so out to lunch with the HST. If anything, it was a chance for business to gauge consumers. Which seems to have happened, because I sure didn't see any price drops when the HST was brought in.

  10. by avatar bootlegga
    Mon Aug 29, 2011 5:22 pm
    "BartSimpson" said
    it's time for retailers to stop gouging Canadians.


    After the rejection of the HST in BC it seems it's also time for the government to stop gouging Canadians. :wink:

    Well, coming from the only province in Canada without a sales tax :P, I wouldn't know how bad a gouge the HST was - which, IIRC, was simply the GST and PST added together into one charge.

    Still, there's no defending a 25% surcharge from A&F...

    The jacket was $160 (U.S.) and $200 (Canadian), or 25 per cent pricier here.


    Comparatively speaking, the retailers are doing more gouging than the government. Now that really takes some effort!

  11. by avatar BartSimpson  Gold Member
    Mon Aug 29, 2011 5:29 pm
    "bootlegga" said

    Still, there's no defending a 25% surcharge from A&F...


    Sure, there is. See, for A&F to adhere to Canadian content rules they have to hire Canadian models and then ship them off to sunnier climates to make them tan.

    That kind of thing isn't cheap, you know. 8)

  12. by avatar sandorski
    Mon Aug 29, 2011 5:29 pm
    I think the funniest and biggest Fail here is their having a US and CDN Price on the label to begin with. I mean, how hard is it to hire someone to put Prices on for a different Market?

  13. by Anonymous
    Mon Aug 29, 2011 10:57 pm
    "bootlegga" said
    Well, coming from the only province in Canada without a sales tax :P, I wouldn't know how bad a gouge the HST was - which, IIRC, was simply the GST and PST added together into one charge.


    You suckers actually believe you're getting a deal still? Everything costs 10% more and you're happy about saving 7%. Still paying for health care too?

  14. by avatar DrCaleb
    Tue Aug 30, 2011 3:12 pm
    "Curtman" said
    Well, coming from the only province in Canada without a sales tax :P, I wouldn't know how bad a gouge the HST was - which, IIRC, was simply the GST and PST added together into one charge.


    You suckers actually believe you're getting a deal still? Everything costs 10% more and you're happy about saving 7%. Still paying for health care too?

    No, actually. We stopped paying health care premiums back in 2007, IIRC. But thanks for asking.



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