Can you return anything to MEC?
When you shop as a member,
you can return items without a receipt. If you used your member number or the email associated with your account, we can track items in your purchase history. If you're not a member (or you shopped as a guest) you'll need the original receipt or order confirmation email for a return.
Is MEC in trouble?
To illustrate, net operating losses of MEC are $80
million for the period since 2017. The issues arising from increased costs, debt load, and liquidity strains continued into 2020, as evident in the fiscal year ending Feb. 23, 2020 – MEC experienced a net loss of approximately $22.7 million.
What happened to my MEC membership?
MEC's board of directors announced on Tuesday that it has unanimously approved a deal for Los Angeles-based
Kingswood Capital Management to acquire the co-op, its assets and the majority of its stores. ... Golling says that as a co-op, the board could have turned to its members before selling MEC.
Is MEC going under?
"To me that was the real MEC," said Claus, the CEO and chairman of MEC Canada since November. ... Last September, deep in debt and with rising losses, Mountain Equipment Co-op filed for creditor protection and announced its sale to U.S.-based private investment firm
Kingswood Capital Management.
How long do MEC orders take?
We process orders as we receive them,
usually within 5 days. When we ship your order, we send an email with a tracking number so you can follow its progress. Use the Canada Post tracking tool or login to your MEC account and use the tracking number in your Order History.
How long does MEC membership last?
If you're new, you can easily join with your next purchase. No strings, and it's free. If you've ever been a member, you remain
a lifetime member of MEC.
Why is MEC selling?
Another member said, “This sell out is a
result of MECs board losing sight of the co-operative values, pivoting to a typical retailer and urban outfitter. Things started going downhill when they switched to MEC brand from Mountain Equipment Co-op.
Who owns MEC now?
Kingswood Capital Management's
Mountain Equipment Co-op (1077 Holdings Co-Operative) is a Canadian co-op that started the MEC outdoor gear retail brand. The MEC brand name, assets and store leases were purchased by the
American private investment firm Kingswood Capital Management's subsidiary MEC Canada in October 2020.
How much does it cost to join MEC?
If you're new, you can easily join with your next purchase. No strings, and
it's free. If you've ever been a member, you remain a lifetime member of MEC.
Is MEC out of business?
After filing for creditor protection, MEC announced in September it was ending its 49-year
run as a co-op by selling to a US private equity firm — after its already struggling finances were worsened by the pandemic. ... The sale will turn Canada's largest co-op into a private company.
Where do MEC orders ship from?
Your items are shipped from the nearest MEC store that has stock, from our
distribution centre in Surrey, BC, or from our distribution partner in Ontario.
How much is a MEC membership?
MEC is a co-operative, open only to its members. Membership is easily obtained by purchasing
a $5 share, which confers a lifetime membership in the co-op. When making purchases online or in person, members must provide their membership number.
Does MEC charge for membership?
No strings, and
it's free. If you've ever been a member, you remain a lifetime member of MEC.
Who is the CEO of MEC?
Phil Arrata
Phil Arrata, CEO of MEC, joins BNN Bloomberg's Greg Bonnell for a look at the key drivers behind less-than-stellar retail sales growth in Canada and shares his vision for growth as he puts his stamp on the popular sports lifestyle retailer's future.
Can non members shop at MEC?
A membership is individual. It is not sharable or transferrable. But it's fine to use your
membership to buy gifts for others or to gear up your kids.
What did MEC sell for?
In its 2018-19 annual report, MEC reported a net worth of roughly $189 million, this before accumulating up to $92 million in debt by November 2020, when the sale is supposed to close. Kingswood reportedly paid just around $150 million for the
troubled co-op.
What does MEC stand for?
Member of the Executive Council
In South Africa, the Executive Council of a province is the cabinet of the provincial government. The Executive Council consists of the Premier and five to ten other members, who have the title "
Member of the Executive Council", commonly abbreviated to "MEC".
Why did MEC sell?
Another member said, “This sell out is a result of
MECs board losing sight of the co-operative values, pivoting to a typical retailer and urban outfitter. Things started going downhill when they switched to MEC brand from Mountain Equipment Co-op.
What MEC means?
In South Africa, the Executive Council of a province is the cabinet of the provincial government. The Executive Council consists of the Premier and five to ten other members, who have the title "
Member of the Executive Council", commonly abbreviated to "MEC".
How much is MEC worth?
In its 2018-19 annual report, MEC reported a net worth of
roughly $189 million, this before accumulating up to $92 million in debt by November 2020, when the sale is supposed to close.