iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

Boy Does Retail Suck

Is anyone surprised that LULU is getting its big, fat, Canadian face bashed in this morning? Who buys that crap, anyhow? I remember when I used to buy my wife exercise clothes there and walk out feeling like a god damned idiot for spending $250 on three articles of clothing, some of their shit having seaweed in it. Like that’s a reason to spend $100 for tights.

PFfffff.

But the big, overarching, trend for retail is really death and destruction. It’s in a virtuous spiral of deflationary angst, whereby they keep throwing chinese stars at one another, begging for market share gains. When you go to the mall, it’s one sale after the next. Very rarely do I pay up for stuff anymore. Thank God my wife isn’t a vacuous hell hound who needs $2,000 shoes and $10,000 dresses. I actually have to tell her to spend some money for quality at times. Her typical response is “a dog will look like a dog, whether in a $2,000 dress or a $20 dress.” Amen to that.

S&P futures are slightly lower. The US consumer is looking for deals and the super rich, the ones who’ve been holding up retail for the past 15 years, are definitely spending less. I once read some data that suggested the top 5% of the wealthiest people in America make up for 70%+ of retail sales. What an absurd predicament to be in, if you’re running a sweat shop like LULU.

At the end of the day, Canada loses, all the time. Always remember that.

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53 comments

  1. drake sucks

    That’s false – the more you spend on clothing, the better you look. People can spot a cheat suit a mile away, for instance, and first impressions are priceless.

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    • drake sucks

      “cheap”

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      • Dr. Fly

        Well, I agree only to an extent. As a man, do you really give a shit if a hot woman is wearing a $100 shirt or a $20 shirt? I know I don’t.

        Now if on a business meeting, I’d like to see the person I am dealing with look presentable. But, to tell you the truth, many multi-millionaires that I know dress like bums. Sometimes it’s the people who spend inordinate amounts of money on a look are the real losers, social climbers, trying to impress through vanity.

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      • fryguy

        The important point is that vanity does not equal style. Style can be expensive but doesn’t have to be.

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    • matt_bear

      buy a decent suit. you can’t come in here looking like this. Go see Morty Sills, tell him I sent you.

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  2. matt_bear

    BBRY and Drake.

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  3. TraderCaddy

    The Mall?
    What is that?
    The last time I was in a mall the DJIA was around 6000 or so.
    I guess Mrs. Fly must be happy now that Coldwater Creek was purchased out of Chapter 11 by Talbots.

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  4. jules

    Canada sucks, it’s just so hard to get in the US though.

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  5. Dinosaur Trader

    love the consistency here. still the same, 7, 8 or 9 years later. can’t remember anymore.

    -DT

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  6. Bullish

    I ain’t gonna lie… I buy lulu clothes. The men’s clothing is very nice. Expensive, but good quality.

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  7. jules

    LULU is a reflection of Vancouver. An overpriced, over rated shit stain of a city filled with tree hugging liberals. So gross, never go there.

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    • Dr. Fly

      VC is the shit. What the hell cities do you like?

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    • elizamae

      E. Hastings St is fabulous is you are looking to openly score some smack in broad daylight without the fear of LEO intervention (iow, not a good place to go with the wife and kids).

      I agree about it being overrated; however my expectations were ridiculously high, so I was setting myself up to be let down. Still a nice city and I enjoyed my time there.

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    • JDF

      I say this with no love at all from Vancouver. Fuck you. The only bad thing about Canada is that we are stuck next to a neighbor that is full of gun toting retards. You used to be a decent country before you outsourced everything to the lowest bidder, now you can’t make jack shit. One day when you have used up all your drinkable water, we will own your asses you mouthing breathing bags of shit.

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    • Raise taxes, lower spending
      Raise taxes, lower spending

      Vancouver is a great city to be rich in.

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  8. cwinsor

    lotta Canada bashing here – not merited. Canada loses always? What arena? Sochi? Lake Ontario in 1812?

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    • Dr. Fly

      Name the last time they won a worlded series?

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    • jules

      Canada only wins in hockey because that is all they care about. Other than that the country is stupid. Let’s be real man.

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      • Fuck this Stupid Italian POS
        Fuck this Stupid Italian POS

        Alot of stupid shit coming from some gangster wannabe. What are you dumb fucks good in? Soccer LOL nope, any sport for that matter. Your economy is shit, worse than the shithole we Canadians want to give our precious oil to. Name something.

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    • matt_bear

      Eugene Buchard is a nice up and coming women’s tennis star.

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    • elizamae

      1993.

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  9. the pirate

    Dear unwashed morons,

    Retail will suffer if oil is high.

    Oil goes higher when Islamist terrorists take control and we sit on our ass showing weakness or placate them

    The Keystone XL pipelines aren’t being built and coal and fracking are being discouraged.

    It’s called supply and demand. You may now return to your BBQ’s, football game and the guy with the neck tattoo.

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  10. figesmall

    EOG, NBL, HAL, COP, XEC ripping to the upside. Brutal.

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    • Dr. Fly

      Drillers look good

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      • TraderCaddy

        Not really sure, but in my mind there may be a triple bottom in the gold stocks going back to June/July of last summer.
        P.S. Canada rules in Curling- the game played with broomed sticks.

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      • muktukchuck

        Even PDS – that so Canadian of drillers — laughable that anyone carrying a passport from a country that includes such garden spots as Detroit, Pittsburgh, Columbus, …. would have shit to say about Vancouver or anywhere else. Keep voting for the Tea Party dipshits and put a tent around the circus that you’ve become.

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        • the pirate

          Yeah the Tea Party which stands for lower taxes, smaller government, less corruption and less coddling of terrorists, let’s not allow those people in…

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          • Raise taxes, lower spending
            Raise taxes, lower spending

            As well as murder your neighbour, boil off the atmosphere, collapse the economy…

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        • TraderCaddy

          Went to a golf tournament in Windsor (Greater Deeetroit) once and there was a curling ring in the basement of the clubhouse.

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  11. youknowitsme

    I have been winning being long $TD for many many years…….

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  12. Gnat

    The only retail stock I own is FL. Up 6x since Mar 09. Homies gots to have their kicks.

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  13. Canadian Beaver

    Yeah pick on the Canucks. Easy target. We’re just too nice to a fault. I admit it, but you’re just jealous ‘cuz you’re running out of resources and the Chinese are starting to buy us up instead of you…. Why is that??? Olympic hockey we are gods, but we haven’t won a Stanley Cup since ’93. $LULU will rip higher once the board in-fighting gets settled. You can’t stop the muffin-top!!

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    • Bernard Cornfeld
      Bernard Cornfeld

      Don’t worry. This is a marathon not a sprint. Our first sniper incursion was in the form of Celine Dion. We have followed that up with Drake and Beiber. Now that Cruz is a fully installed “AMERICAN” politician we move the operation to the next phase. Eventually our maple syrup stockpile will make us rich beyond our wildest dreams. One day I plan on buying Fly’s house to store my midget porn and turn it into a “little peoples” version of the Playboy mansion.

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  14. TJWP

    The beaver legions have been dispatched.

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  15. ed

    Canadian middle class just surpassed American middle class in terms of wealth.
    And free health care.
    How do they do
    it?

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    • Biggranddaddy

      Their health care is a joke,for starters

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      • JDF

        Our healthcare systems beats you and your tiny little shrivelled nuts to shame. You would do well to get sick here….of course, since we don’t want anything to do with you, fuck off.

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        • Biggranddaddy

          Why so rude?i have professional insight into your healthcare short-comings.

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          • muktukchuck

            What from Faux news? Buddy from NC had a GI bleed up here.
            Took him to emerg where they fixed him up. His comments (hvy
            NC accent) “Got dang, them folks knew what the Hell they was
            doin’. Fixed my ass raht up, and ditn’t cost me but 10cents on
            the dollar compared to back home”. He’s a great and old friend
            but drinks the Tea Party kool-aid fed to him by Fox which
            he watches continuously (thru the night even).

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          • Raise taxes, lower spending
            Raise taxes, lower spending

            What? You get paid for being dumb?

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      • Raise taxes, lower spending
        Raise taxes, lower spending

        Lets see.
        We can see any doctor we want, for anything we want, as often as we want, and its covered.
        All non-cosmetic hospital visits and procedures are covered. We only pay out of pocket for parking and TV.
        Sure its an expensive system, but its great.
        If minge bags like you weren’t so stupid, you’d realize how stupid you are.

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        • Biggranddaddy

          Did u just insult me?why so defensive?i stand by my original statement,and hope you don’t have a medical emergency.oh and fuck off

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          • JDF

            I’ve been thru the system a few times myself and had family members go thru it with major illnesses. When it comes to serious issues, the system is amazing. Yes, the person with the bum knee may have to wait for an MRI but that is mostly due to the over use of the system by snivelling little whiners with hang nails. You do have the option to pay for your private MRI and for a great deal of non-emergency procedures. Is it perfect? Of course not, but I will take it over the US style system any day.

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  16. mikegboca

    So I am a Canadian living in Boca.Went to Toronto last week, arriving at 600AM.
    At 800 the clinic opened at St Mikes hospital,had my elbow xrayed and was seen by 2 surgeons, left at 845. Drove to Shouldice for a hernia consult. Shouldice is were they send all the dumbass yanks after their $2000 an hour surgeon fucked up a simple hernia operation. Exrayed and out by eleven. Dropped in on my regulas GP, sent for routine ekg, blood test and urine sample. Done by 200 pm.

    total cost nothing ( and I havent lived in Toronto for 2 years)

    Then I have to read another moron American complaining about our system .Yours is so much better, part of the wonderful republican platform
    DONT BE SICK DONT BE POOR

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