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When is a deal actually a deal? We tracked costs at Outdated Navy and Canadian Tire to seek out out
A CBC Market investigation tracked sale gadgets at clothes retailer Outdated Navy for months, revealing doubtful reductions for merchandise marketed as on sale however they’re in truth not often at common worth. Outdated Navy’s mother or father firm Hole Inc. wouldn’t touch upon the findings.
In case you stroll into an Outdated Navy or browse on-line, you are sure to seek out large reductions provided and sizzling offers aplenty.
However an investigation by CBC’s Market has discovered a few of these bargains are usually not what they appear.
Market tracked the worth of things offered at two main retailers — Outdated Navy and Canadian Tire — checking how usually these gadgets went on sale and whether or not the costs have been true reductions. The investigation discovered a number of examples of Outdated Navy gadgets that have been practically at all times on sale.
At Canadian Tire, Market tracked gadgets to see how deep the reductions have been throughout large gross sales like Boxing Day, Cyber Monday and early Black Friday occasions and located a number of gadgets have been cheaper on days earlier within the 12 months.
At Outdated Navy, the workforce monitored 10 clothes gadgets between Might and December 2024.
The workforce discovered the Outdated Navy garments have been on sale for not less than half of these seven months, together with one merchandise that was on sale all the time.
On-line, there have been time-sensitive reductions, however sale costs stayed even after the time ran out.
“Trustworthy and clear practices go a good distance. Belief is actually troublesome to construct and straightforward to interrupt,” stated Ying Zhu, an affiliate professor of administration at College of British Columbia’s Okanagan Campus.
“They need to put themselves in shoppers’ sneakers.”
Canadian Tire declined an interview however stated in an electronic mail it runs “fastidiously deliberate weekly promotions” and understands “the challenges many Canadians face in in the present day’s financial setting.”
“There are a lot of elements which are considered when figuring out the pricing and promotions of our merchandise, and we point out to our prospects in our weekly promotions whether or not or not the bottom worth of the season or 12 months is being provided,” the e-mail stated.
Hole Inc., which owns Outdated Navy, declined an interview request or to touch upon Market‘s findings. Read more
- For the total investigation, watch “Sale or Fail?” on Friday, Feb. 7, at 8 p.m. (8:30 in N.L.), or on YouTube or CBC Gem.
Thieves stole 100,000 natural eggs off a trailer in Pennsylvania. Police are scrambling
Police are scrambling. They cannot crack the case. It is a Grade A thriller. However hopefully they catch whoever poached the eggs.
OK, that is out of our methods.
Police in Pennsylvania are investigating after somebody stole 100,000 natural eggs valued at about $40,000 US ($57,000 Cdn), off the again of a distribution trailer final Saturday. Native regulation enforcement informed the Related Press the heist might be linked to the sky-high price of eggs — a problem which has been plaguing the U.S. within the midst of an avian flu outbreak.
In line with the police report, on Feb. 1, Pennsylvania State Police responded to a name at Pete & Gerry’s Organics in Antrim Township. The natural egg provider reported the 100,000 eggs have been stolen off the again of a distribution trailer round 8:40 PM.
The theft remains to be beneath investigation and there have been no arrests, Trooper Megan Frazer, a spokesperson for the Pennsylvania State Police, informed CBC Information. She added the motive is unknown.
“It might be to promote them and even for vandalizing functions. When it comes right down to it, we do not know,” Frazer stated.
“That is positively a novel incident, particularly with the massive amount of eggs that have been stolen.”
In a press release to CBC Information, Pete & Gerry’s stated they’re actively working with native regulation enforcement to analyze.
“We take this matter significantly and are dedicated to resolving it as shortly as attainable,” the corporate stated.
They added they’re growing their safety and surveillance to assist stop this from occurring once more. Read more
Canada Put up shedding dozens of managers amid shaky monetary future
Canada Put up is shedding dozens of managers in an try to save cash after years of extreme monetary losses, CBC Information has discovered.
The layoffs embody firing three senior executives final month — most notably the corporate’s chief monetary officer. Two vacant roles have additionally been eradicated, leading to an total 20 per cent lower to senior administration, Canada Put up stated.
Almost 50 managers are additionally receiving layoff notices this week, Canada Put up spokesperson Jon Hamilton confirmed. Near half of these jobs are in Ottawa, but additionally embody workers in Toronto, Montreal and different areas.
“It is a corporate-wide restructuring,” Hamilton stated. “It is an unlucky actuality primarily based on the monetary challenges we face, nevertheless it’s additionally one thing that must be finished.”
The adjustments will assist Canada Put up “streamline some processes, assist us to make choices quicker and assist us to arrange for what is going on to be a difficult 12 months,” he stated.
Hamilton wouldn’t present particulars of how a lot cash the job cuts are anticipated to save lots of, or which positions have been eradicated. However he stated the layoffs have been all inner administration workers who are usually not concerned in each day operations.
“They are not dealing with mail or something like that,” he stated. “To the general public, this may largely be invisible… this may not impression service,” he stated. Read more
What else is occurring?
Do EVs last as long as gas cars? Here’s what a new study says
Researchers within the U.Ok. seemed on the life cycles of just about 30 million automobiles and located that electrical and gasoline autos final for roughly the identical period of time.
There’s a 2% chance a big asteroid could hit Earth in 2032. Scientists say don’t worry about it
Close to-Earth asteroid often called 2024 YR4 is estimated to be 40 to 100 metres throughout.
Heard of bin shopping? It’s catching on with the most committed of bargain hunters
The shops are warehouses full of a altering assortment of returns.
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