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Re: Riteway - possibly being bought by Canadians
[Re: CGB]
#95401
04/22/2016 10:24 PM
04/22/2016 10:24 PM
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Joined: Apr 2004
Posts: 10,999 Macon, Georgia
GlennA
Traveler
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Traveler
Joined: Apr 2004
Posts: 10,999
Macon, Georgia
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There is already some static about selling out to the furriners and want someone locl to buy it. Maybe one of the ferry companies. They know how to run a big organization. <img src="http://www.traveltalkonline.com/forums/images/graemlins/Wink.gif" alt="" />
Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. - Mark Twain
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Re: Riteway - possibly being bought by Canadians
[Re: CGB]
#95403
04/22/2016 11:08 PM
04/22/2016 11:08 PM
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Joined: Apr 2004
Posts: 10,999 Macon, Georgia
GlennA
Traveler
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Traveler
Joined: Apr 2004
Posts: 10,999
Macon, Georgia
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I can't think of a better outcome than for CostULess to buy out Riteway. They have an international distribution network and a lot more clout to negotiate with vendors than RTW does.
They have been agressively looking at a Caribbean expansion before the French Carrefour chain locks up the market. They have a store on STT and I believe they have a store going up on Barbados.
Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. - Mark Twain
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Re: Riteway - possibly being bought by Canadians
[Re: Fred]
#95405
04/23/2016 04:52 PM
04/23/2016 04:52 PM
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Joined: Dec 2015
Posts: 55 NC
GoneSailing
Traveler
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Traveler
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Posts: 55
NC
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While living in Toronto for 10 years I came to know the Northwest Companies and a number of their senior people back in the 90's. I also worked in retailing in Canada and I will say that the Northwest Company was a very well respected business. They had developed very strong capabilities when it comes to operating general merchandise retail businesses in very remote locations. Think.. the Yukon, Northwest Territories and other remote communities. I would suggest that they could have some key capabilites that would help Riteway and the folks who shop there.
Be Happy or Leave
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Re: Riteway - possibly being bought by Canadians
[Re: CGB]
#95407
04/23/2016 07:50 PM
04/23/2016 07:50 PM
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Joined: Dec 2015
Posts: 55 NC
GoneSailing
Traveler
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Traveler
Joined: Dec 2015
Posts: 55
NC
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Very good point. Although Canada is certainly no easy place to do business as it relates to immigration and employment laws. It is certainly not like the right to work states in the US. In my experience Canada has some of the most protective employment laws I have ever experienced. I will give a quick example. We had a store manager who admitted to stealing from the store. Because he had been with the company for many years the judge ruled that we still had to pay severance because what he had stolen did not offset all the years of service he had given the company. It was appealed and we lost and had to pay severance to someone who stole from his employer. Now that is tough labour law.
Be Happy or Leave
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Re: Riteway - possibly being bought by Canadians
[Re: CGB]
#95408
04/23/2016 07:52 PM
04/23/2016 07:52 PM
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Joined: Apr 2004
Posts: 10,999 Macon, Georgia
GlennA
Traveler
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Traveler
Joined: Apr 2004
Posts: 10,999
Macon, Georgia
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Well, at least they are nice polite Canadians. A typical US chain exec wouldn't last a week. <img src="http://www.traveltalkonline.com/forums/images/graemlins/Grin.gif" alt="" />
Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. - Mark Twain
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