Liquidation World- will they need to liquidate?

Lil Me · Aug 19 09 08:27

BRANTFORD, Ont. - Liquidation World Inc. (TSX:LQW) said Wednesday reported a larger loss in its most recent quarter compared with a year ago as sales fell.

The discount retailer said it lost $5.5 million or 34 cents per share for the quarter ended July 5 compared with a loss of $3.8 million or 46 cents per share a year ago.

Sales in what was the company's third quarter fell to $37 million from $43.8 million.

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P.C. · Aug 20 09 07:29

Well I'm not surprised. We have a liquidation world in Courtenay, that used to be as cheap as a garage sale. The last year or so, they seem to think they're some kind of exclusive boutique and have started pricing their junk accordingly.

Russ · Aug 20 09 07:39

I agree. The one nearby here seemed to keep going up. And the quality or the amount went down it seemed, lol.

P.C. · Aug 20 09 07:54

I used to always take a cruise through there, but I don't even bother any more. Dopes.

Sportsdude · Aug 20 09 08:33

never been, am I missing anything spectacular?

P.C. · Aug 20 09 01:18

A couple years ago, I would have said yes. Now, it's a definite NO.

purelife · Aug 20 09 01:43

Good to know, P.C and Russ. I was thinking of going there as I haven't been there for a year. Now, I won't bother.

Lil Me · Aug 20 09 06:22

I go by every once in a while for groceries.

Bread is usally less than $2 a loaf, including speciality brands.

On my last run-through, I got Thai soup mixes in a bowl for about $1 ea and Old El Paso Taco kits for $3.50ea (spice mix, taco shells, salsa)