[Mr.HappySilp]

Seems like NCIX is going to bankrupt. Is on their fourms, RFD and even reddit. Any inside scope>

[whitev70r]

NOOOOOO ... please say it isn't so.

[Verdasco]

there isn't any 100% proof that they are bankrupt. Just speculation based on their ontario locations being closed.


Their customer service is non existent in the stores.
Their prices is off the roof compared to amazon / newegg


They need to close all the stores, bring back the old location where it was "show the receipt, pick up the item and leave"

and have sales regularly.



Hope they crash and burn, those employees never price match in store, those fucks

[bcrdukes]

If it's worth anything, in Ontario, the competition is tougher. Canada Computers is their major competitor, and their customer experience/service is FAR more superior than NCIX's.

Having said that, I am going to speculate that they failed on the customer service/experience part. They treat their customers like crap, and they do not have optimized processes and/or tools for their employees to serve customers better. Nevermind going to the store to buy something. You still have to go up to a dumb computer, order the damn item, and then line up and wait for your stuff to be ready. No thanks.

[aalex]

i used to work at their warehouse

they like to hire people for their busy season then fire them during probation period


there isn't any 100% proof that they are bankrupt. Just speculation based on their ontario locations being closed.


Their customer service is non existent in the stores.
Their prices is off the roof compared to amazon / newegg


They need to close all the stores, bring back the old location where it was "show the receipt, pick up the item and leave"

and have sales regularly.



Hope they crash and burn, those employees never price match in store, those fucks

[Jmac]

Used to go to their Kingsway location all the time when I lived in Burnaby.

NCIX used to always have the best prices.

[SpeedStars]

I think with regards to computer tech items, nothing beats Memory Express imo

[6793026]

In tight situations, if the biggest collector served the legal documents, I'm sure bankruptcy would have been the case. For now, there's no proof they are going bankrupt.

Are they going thru a tough time, sure they are, esp. when there are 4 threads with ex employees voicing their concerns.

1) Shedding all real estate... DUH... happens all the time, which is why they closed Toronto. All the "retail" stores are more like pick up locations. Real estate is expensive = close down.
2) Customer Service non-existent, of course...any department with zero or huge revenue generating purposes = laid off.
Think about it. Average ~$60k per employee (salary & benefits) X 50 employees. That's $3 million dollars a year!!!! just for employees... (don't get me started on 3.5% raises per yr on yearly raises for inflation)

as to aalex's comment... errrrr, it's holiday season, like any other retail during Xmas, blakc friday time period at the malls... people get laid off after the rush is over... pretty common practice.... (target, amazon, Best buy, Nordstrom etc)

*not an employee or ex-employee of NCIX

[Manic!]

They shut down there Youtube channel that had over a million subs. Also they seem to be out of a ton of stuff on there website.

[lowside67]

The idea of closing stores down in the fall is nuts and is certainly a surefire sign of severe financial stress. December is typically the strongest retail month of the year by a massive margin (hence "black Friday" = the day historically retailers would become profitable for the year) so to struggle through all the quiet season and miss out on the peak holiday business means they have so little cash they can't even stay open.

-Mark

[Great68]

Something's definately fucked,
I was trying to order some stuff for work on our corporate account, and the response that I got back from our sales rep was that they were undergoing some "restructuring" and that unfortunately it would be 4+ weeks to see my order.

Thanked him for letting me know, but couldn't wait that long. Ordered the stuff from Best Buy, got it in 4 days.

Pretty sad.

[Euro7r]

I only buy from Memory Express now. Never liked Ncix service from recents years.

[twitchyzero]

i wish it was Anitec on Kingsway that survived, and NCIX that sealed its fate

i remember when NCIX weekly sales still meant something...even if they've always included MIR into their price lmao

[rsx10]

I have to agree with everyone. I waited in line for 15 mins wanting to pay for something I had picked off the shelf. Not bad if it wasn't for me being the only customer in the store. 4 sales reps stood there talking in Chinese, talking socially and when they decided to end their conversation, they gave me attitude. I asked them a question about an SSD and he said "I don't know, google it" Enough said.

Memory Express has great customer service and price match anything they have in stock. I would recommend them to anyone.

[CorneringArtist]

^Should have asked him to do his fucking job.

[threezero]

^Should have asked him to do his fucking job.

There is no need because he will have no job soon

[Ch28]

There's no official source, as NCIX is a privately owned company, so their financials are not made public.

However, NCIX does business with many distributors in Canada (basically all of them), and account managers talk to each other, and it's become "common knowledge" that NCIX is severely in debt to the various distributors, dating back to this past summer (I believe June was when it really started to hit the fan). As a result, the distributors are no longer providing NCIX with new stock.

Evidence of this issue is fairly abundant, as NUMEROUS people here, on other forums, and even on NCIX's forums, twitter, facebook, etc have complained about ordering something that should be very easy for NCIX to obtain (eg - Core i7-7700K), and NCIX not communicating with the customer for weeks at a time, ignoring emails, not answering phonecalls, etc.. when the customer threatens a chargeback (which costs NCIX $25, on top of losing the sale), NCIX will contact the customer and claim that the order has been delayed because of a 'stock shortage', even though the customer could go to literally ANY other store and purchase it no problem.

Further evidence of NCIX's imminent demise (at least as a retail storefront operation) is the fact that they have gone through several rounds of layoffs over the past few months, reducing their staff from hundreds before the summer to, from what I can tell, a few staff per location today. They've also closed all of their stores outside of BC except for one in Ontario, and they've attempted to close several stores in BC (but were unable to get out of their leases, so they have kept them open thus far to function as clearance centres). They've also put up for sale their warehouse property.

Exact figures of how much debt NCIX is in, how long they've been in debt, etc, are going to be impossible to find out, because those details are of course confidential and only NCIX (and I guess NCIX's bank) knows exactly how deep they are. I've heard rumours of anything from $2m - $20m+.

[twitchyzero]

reason: below cost

[LP700-4]

I was at NCIX on Kingsway on monday and the place looked so sad. One staff sitting on their phone at the counter when we walked in and an otherwise empty store.

[6793026]

Exact figures of how much debt NCIX is in, how long they've been in debt, etc, are going to be impossible to find out, because those details are of course confidential and only NCIX (and I guess NCIX's bank) knows exactly how deep they are. I've heard rumours of anything from $2m - $20m+.

reason: below cost

When one company slips, they lose their purchasing power and it goes down from there. Even if their debts are paid off, the clients won't come back. Really sad. The rumors 2-20 Million is not even close...

The reason it's below cost because vendors provide MAJOR back ends to subsidize the front end. 11+ yrs ago, the biggest check my teammate gave to a local BC company was $400,000 (from 1 vendor).

[bobbinka]

They were good back when it was just the one location, but then it was all downhill after.
They were dead to me the moment MemoryExpress showed up.

If you search "How long until NCIX goes belly up? Bankruptcy imminent?" on reddit, there's an ex-employee sharing some info

[Vansterdam]

I heard memory express is owned by the same company or owners as ncix ?

Ncix went downhill for me when they moved their Aberdeen location and switched the retail stores on W Broadway

[Mr.HappySilp]

I also think customer purchasing decision. People still buy gaming PC but not as much as before. PS4, Xbox one, Nintendo Switch, Nintendo classic and of course there are cell phones games and ipads and tablets. Also people just don't care as much as building a custom PC anymore.

I still remember when I was picking up parts for my gaming PC at NCIX 5+ years ago I would see a lot of people lining up asking the sales questions and most of them are just looking for a regular PC that's good enough for general use. I guess back then Best Buy PC were still expensive and the quality of the big brand computer just suck. Over the years price for a regular PC have gone down and the quality of those big brand pre build computer isn't actually too bad. People have also been going to laptops and hybrids(laptops with touchscreen or you can disconnect the keyboard and turn it into a table think microsoft surface) more and more. For those purchase people would rather deal with a big store (IE Best Buy, Apple store because big box store seems to better when it comes to warranty). I know I won't be getting a desktop when the current one broke, I will just get a laptop, I hardly play games and I rather have the option to carry the laptop with me.

Also is their website. NCIX list too many specs. If you look at the ads from Best Buy is very simple and clean just list the basic specs. NCIX list way many details and it really confuse some people. They could just list the more important things and for a more technical customer they could askt he sales rep or list the details elsewhere in the ad.

For small upgrades (RAM, new SSD, new Video card etc etc) customers can easily go online and search for the lowest price and if your price isn't the lowest you aren't going to get that sale. Is so easy to pick the cheapest option and have it ship at no cost. That's one of the issue with NCIX. Their price isn't the cheapest, they charge for shipping, their customer service sucks. So why bother.

[Ferra]

If it's worth anything, in Ontario, the competition is tougher. Canada Computers is their major competitor, and their customer experience/service is FAR more superior than NCIX's.

Having said that, I am going to speculate that they failed on the customer service/experience part. They treat their customers like crap, and they do not have optimized processes and/or tools for their employees to serve customers better. Nevermind going to the store to buy something. You still have to go up to a dumb computer, order the damn item, and then line up and wait for your stuff to be ready. No thanks.
Hell no DansGame

It is like comparing a shit and a turd, but canadacomputers definitely have worse customer service than NCIX from my experience. (i live in ON and buy from both regularly)

Their website is shitter and harder to navigate, prices tends to be higher than NCIX, and generally less items on sales and updates.

twice I placed online order for instore pickup from canadacomputers. (They are on my way home, but I do that to lock on a sale price when I dont' have time to go there before sales ends)
One time it took them 4 days to tell me my item is ready (even tho it is in-stock at the store), 2nd time it took them a week to tell me they have no stock at the store, and 3 weeks before they tell me they got the stock transferred from another store.

Last time I tried, they also refused to price match newegg. (They wanted to add shipping cost on, even tho newegg now offers free pickup here in toronto)

All the staffs are pretty apathetic. (Same could be said for most computers store tho)

TBH, I thought NCIX is doing better than canadacomputers here in terms of sales and popularity.

[bcrdukes]

I'm back and forth between Vancouver and Toronto, and the Canada Computers stores I go to have no issues. Most of my colleagues have had good experiences with CC. Just because they have a shittier website (in your opinion) doesn't mean people won't buy from them. At the very least, I can walk in, and walk up and down the aisles and find what I want. Not sure which store you're going to.

[ae101]

I remember when me and my dad would go to yum cha every Saturday at Capstan way in Richmond (when food was good there) after that we pop in to NCIX across just to see what cheap and good

those were the days when they had good CS, i remember when we bought are Canon printer laser printer there, sales rep explained a lot to my dad (my kinda like to trust these pros when it comes to stuff like pc)

Dude was super honest and even did the math for my dad when if came to the long term use (which one was a better deal compare to my old Lexmark ink printer)

That's when my dad started to trust NCIX and we check there 1st before buying any where

[european]

Bring back Anitec!!!

[ForbiddenX]

I'm back and forth between Vancouver and Toronto, and the Canada Computers stores I go to have no issues. Most of my colleagues have had good experiences with CC. Just because they have a shittier website (in your opinion) doesn't mean people won't buy from them. At the very least, I can walk in, and walk up and down the aisles and find what I want. Not sure which store you're going to.

Same here, when I lived in Toronto I used to go the location close to Spadina and College. Never had any issues and even when returning.

But I'll never forget my excitement of going to NCIX to pick up my parts for my first ever build. Haven't really shopped at NCIX since MemoryExpress came into town though. I've never had a bad experience with them before.

[IMASA]

Last month this popped up in one of the bestof subs on reddit. Guy breaks down the fall of NCIX. I have no idea if any of this is true. I ordered a few things from NCIX in the past 2 years and just about every time something was on back order.



There are multiple factors at play that you have to look at. This is going to be long winded, but I'll try to cover the bases and summarize much of what I have been discussing with former coworkers from all levels of the company.

Before you even talk about a decline you have to consider why a customer would or wouldn't buy from NCIX, price considerations aside. Everyone knows there are policies, practices, and procedures at NCIX that come from a different era of retailing. Some call it cultural, which it partly is, but it also comes from an older mentality of small business retailing as well. That influence comes directly from one person, the owner. With the recent crisis, this is now all out in the open for all to see, no longer the domain of the odd customer here and there that has a bad experience. These are not new issues. In years past this was papered over by the public facing staff pulling off one heck of a PR campaign and by the company being highly in tune with the product mix as well as understanding the deal seeking nature of the customer base. NCIX’S USP was having the right product at the right price, and being able to deliver it quickly. Things might have gone awry, but there was always someone on the other end of the line or message to get your issue taken care of, even if it should never have happened in the first place.

The root of the current problem lies with the big expansion push into Ontario as well as the US. Much has been talked about with respect to Ontario, but the US was a money pit as well and people should not discount how much of an unmitigated disaster that has been. Consider that the company threw a grand total of 1 head office senior staff at that project and you’ll understand how badly it has gone. You’ll have to understand that before this push, the company was already maxed out on vendor credit lines and loans. The expansion push came about for a few reasons: jealously of what Canada computers was accomplishing, the impact that HST had on online sales to the company's largest market, and the misguided notion that opening a few stores would suddenly cause the largely Ontario based vendor/distributor community to embrace the owner.

The tax advantage that NCIX enjoyed was a substantial factor in winning online business over competitors, when that evaporated the owner grew nervous about the prospects of online and decided retail was the way forward. It is also important to note the size of the investment here, given there were multiple store leases and two warehouses mortgaged (BC warehouse was a $5.9 million purchase and the Ontario one is for sale at $16 million to give an idea) along with a huge increase in the number of staff. The US operation was also completely funded by the Canadian side. Instead of listening to staff and doubling down on the online side of the business (which was profitable), everything went full boar into retail brick and mortar at a time when most retailers were eyeing an exit from that space.
It is important to understand that NCIX spent years trying to skirt around Canadian distributors by purchasing directly with vendors, so their relationships with Canadian distributors were already strained. When you cut the distributors out of the equation they don’t forget such things. Competitors have asked why NCIX spent so much trying to buy direct, and aside from the potential inventory/pricing advantages it comes down to credit lines. It is no secret margins are tight in the computer business, and money has always been very tight at NCIX. The more vendor lines you have, the more you can fuel your growth with other people’s money, they become your operating capital. They have stretching (maximizing the period of time before they repay vendors) those credit lines to the breaking point for a number of years. In that respect, they have always been living beyond their means, leaving them vulnerable in the event of a downturn.
Once all that extra overhead was added the owner panicked. Having already decided online was dying he decided the company needed a big push into other categories like consumer electronics, health goods, clothing, and whatever other oddball items you find on the site. More importantly he decided that the trouble with cash flow meant the company needed to raise margins, which meant higher prices, and needed to cut back on inventory. The entire pay structure of key staff changed, which resulted in them now having the incentive to game their metrics than focusing on growing the business. People got gun shy in terms of bringing in product, out of fear of not wanting to take a hit to the tune of thousands of dollars a month to their take home pay. All of this had a big impact on the competitiveness of the company.

It was also around this time the owner became obsessed with reading business books and decided he was the second coming of Steve Jobs. In order to fulfill his mission, he decided he need to randomly implement shiny new management practices, use all kinds of clever buzzwords and phrases, and make the company more business-like. Bear in mind cronyism and nepotism were a problem in the company vis a vis his hiring of family of his own and other friends despite an abject lack of suitability to the positions and that he was largely considered an absentee landlord by key staff, as he liked to micromanage people, but not the business. Now you throw into the mix whatever yes men were smart enough to figure out the owner was so stupid that all you had to do was tell him what he wanted to hear and you would be rewarded with a six figure salary. Now throw in metrics and other forms of gamification and you have an environment where people are more concerned with looking good than doing the tough things you have to in retail.

This understandably upset a lot of long serving staff responsible for the success of the company and only alienated vendors and distributors more as there all sorts of promises made that were never backed up with action. Newer people came in, but lacked the experience to fully understand the product mix and more importantly what made the company tick. Everything became a game to see who could maximize their bonus the most by manipulating metrics and the promotional focus of the company disappeared since bonuses were a huge component of everyone’s pay. It became an open joke among senior staff that nobody knew how the numbers were working given what they could see of the company finances. More importantly, the people who performed the real PR functions at the company in terms of vendor relationships and maintaining the commercial relationship with the customer base left.

With NCIX dropping the ball on the product mix and pricing, that left the door open for other competitors to grow their online business. Canada Computers ate NCIX’s lunch on the retail side in Ontario and continued to grow online, and Memex, Newegg, Amazon, and many other accounts ate considerably into the online share. Newegg in particular had a large impact once they had warehouses on both sides of the country. When NCIX had solid inventory and aggressive prices it was easy to win business and ship out quickly. When that dropped it gave an advantage to nimbler smaller competitors who could get your order shipped out same day. When they cut inventory and increased competition it reduced revenues, which meant vendor credit lines got stretched more and more. Once you get in that cycle of late payments you start losing the special favors from vendors and all the other little perks that give you an advantage. No sales rep wants to give you the best inventory/promo deal if they aren't going to see their commission for 90-120 days. The end result of all these things is you end up in a spiral where revenues are dropping, repayments get stretched, and you can’t get the level of inventory you need to sustain the operating costs of the business. That isn't something you can fix with margins as the more you raise prices the less you sell, so really you are only trading one problem for another. Crucially, with all the staff gone who looked after the real PR side of the company, you saw a return of all the crappy practices that NCIX’s competitors for the most part don’t engage in. Everything became about getting the order, doing everything to avoid refunding orders, and not pro-actively solving customer problems. That left the company with uncompetitive prices, average at best inventory, subpar service, and slower turnaround times.

As to why all of this occurred it is down to having an owner that doesn't listen to people and who alienates or burns out all his senior staff. Go read the Glassdoor reviews. Everything you read there and far, far worse, is accurate. Huge company altering decisions are made without consulting senior staff or limiting discussion to yes men who are clueless. The difference makers eventually exit stage left, and with that goes the experience as well as the people who are pushing for the right things to be done internally and externally. Without someone to push back against the owner’s bad practices and ineptitude it leaves the remaining employees stuck in a rut, with no support and no professional development. This can’t be stressed enough, the folks on the retail/sales side and service side are setup for failure and are left without the empowerment to do their jobs properly. The replacement/remaining senior staff get their positions via nepotism and cronyism and are really only out after their own interests and just end up creating roadblocks everywhere. There is a toxic culture there now where many staff who only look out for their own interests, which is a shame as there are still many loyal hardworking people there who sacrifice a lot to work there.

[twitchyzero]

sounds like those losing their jobs soon should be grateful
if you ever find yourself in a toxic workplace, do your best to leave
life's too short to have some owner micromanage your shit when he can't get his together

[Razor Ramon HG]

Wonder if that post was by a throwaway. Linus in one of WAN videos was briefly talking about NCIX since he still has inside connections.

[6793026]

I heard memory express is owned by the same company or owners as ncix ?

Ncix went downhill for me when they moved their Aberdeen location and switched the retail stores on W Broadway

Met both owners person. 100000% not true.

[_M2]

Anyone still in retail sales should find another career path in the next 3-5 years. Just look at Toys-R-Us, Sears, NCIX, Future Shop.

[Mikoyan]

That reddit post tracks with what I had heard about the management at NCIX years ago.

I also heard they ran into issues with the tax man.

[SkinnyPupp]

I always felt like NCIX just sort of fluked into being the big Canadian online PC retailer.

They did nothing special to make customers go there; just offered similar products as all the other stores, with prices you could assume would be at least fair if not a few dollars cheaper than say ANITEC or A-POWER or ATIC.

They just happened to be one of the first with a functioning website with good availability and these decent, consistent prices. Maybe they should have just focused on that site and continued as Canada's version of Newegg.

[twitchyzero]

apparently the Egg is involved in a multinational ponzi scheme

https://arstechnica.com/tech-policy/2017/10/korean-banks-sue-newegg-allege-online-retailer-aided-massive-fraud/

[Euro7r]

A few years back, I did a web order on Ncix and the part had to be shipped from warehouse. Two weeks later, still not a single word on the item. Then I contacted them and they said they haven't processed by order because they weren't sure if I wanted it.

WTF? I got super pissed and told them to cancel the order. Then I bitched at the girl, her name is Julie Huang, not sure if she still works there lol.

[Mr.HappySilp]

Anyone still in retail sales should find another career path in the next 3-5 years. Just look at Toys-R-Us, Sears, NCIX, Future Shop.

Depends on the store and management. There are also new stores opening. I would say if people want to work in retail get into a high end store. They seem to be doing really well. But of course you have to be a bitchy person and rat out your co-worker for the commission lol and kiss the mainland china people ass as if they were god.

[6793026]

I always felt like NCIX just sort of fluked into being the big Canadian online PC retailer.

They did nothing special to make customers go there; just offered similar products as all the other stores, with prices you could assume would be at least fair if not a few dollars cheaper than say ANITEC or A-POWER or ATIC.

They just happened to be one of the first with a functioning website with good availability and these decent, consistent prices. Maybe they should have just focused on that site and continued as Canada's version of Newegg.

They sort of started spear heading on the e-retail, then an active forum, then Linus had his unpacking boxes of CPU parts, and then there was even a time when geeks drooled over the marketing girl. They did do a few things during those time. At least I no longer have to run around computers stores asking for this week's specials or read the computer newpapers weekly.

Anitec was nicely done up; manager there did a good job but the owner just couldn't deal with it no more and got into real estate. It was just too hard to compete to be honest.

A-power did one thing right was incorporate their warehouse into their office and "retail". ATIC.. let's just say they were still doing hand written invoices for whatever purposes *ahem taxes....

[DragonChi]

This was at a time when Future Shop and A&B Sound were the places to go for the uninitiated in the computer world. When it came to getting quality products at good prices, places like; NCIX, Anitec, and A-power were still relatively unknown.

For comparison, there was always a huge markup in prices compared to the same products in the States. Now, they're pretty much on par.

[mickz]

In tight situations, if the biggest collector served the legal documents, I'm sure bankruptcy would have been the case. For now, there's no proof they are going bankrupt.

Are they going thru a tough time, sure they are, esp. when there are 4 threads with ex employees voicing their concerns.

1) Shedding all real estate... DUH... happens all the time, which is why they closed Toronto. All the "retail" stores are more like pick up locations. Real estate is expensive = close down.
2) Customer Service non-existent, of course...any department with zero or huge revenue generating purposes = laid off.
Think about it. Average ~$60k per employee (salary & benefits) X 50 employees. That's $3 million dollars a year!!!! just for employees... (don't get me started on 3.5% raises per yr on yearly raises for inflation)

as to aalex's comment... errrrr, it's holiday season, like any other retail during Xmas, blakc friday time period at the malls... people get laid off after the rush is over... pretty common practice.... (target, amazon, Best buy, Nordstrom etc)

*not an employee or ex-employee of NCIX

Where are people getting 3.5% raises annually!? Rate of inflation is not even half that.

i wish it was Anitec on Kingsway that survived, and NCIX that sealed its fate

i remember when NCIX weekly sales still meant something...even if they've always included MIR into their price lmao

Anitec was the shadiest computer store I've ever dealt with. Glad to see them gone.

Anyone still in retail sales should find another career path in the next 3-5 years. Just look at Toys-R-Us, Sears, NCIX, Future Shop.

But look at all the other retailers that are doing well. Toys R Us is not keeping up with the times. Most people still buying action figures and Lego aren't kids anymore. Kids these days want electronics.

Sears is just outdated with shady sales practices.

No point in keeping Future Shop as fake competition to Best Buy. Might as well keep the overhead down.

[twitchyzero]

but the grown ass kids are buying their kids legos....or lego video games. I haven't looked into their market share as of late but i would say it's still very relevant today.

are any of IT parts startups in Vancouver from the 90's boom not Asian? Just curious. Maybe their way of doing business simply isn't compatible with today's local market

on a related note, ME has expanded into the fraser valley...i wish them the best

[BaoTurbo]

Ironically I was just online a couple days ago on NCIX looking for some new parts to upgrade my desktop. Kind of just thought of them as my goto place, even considered to get them to help me put everything together and clean the dust in my desktop as well. Guess not anymore now lol.

Just did a quick check on a PSU I wanted and Amazon is cheaper by $10 already

[gilly]

BETTER REDEEM YOUR NCIX POINTS BEFORE ITS TOO LATEEEEEE !!

[twitchyzero]

already too late for that...if they dont fulfill orders paid in full by CC/debit, lol yeah they'll honour existing credit.

[yray]

^you can always buy some jackets, thats in stock :troll:

[Nlkko]

Just bought a cheap printer from their Burnaby location few weeks ago lol. Thanks for the heads up.

Their buy online, pickup in store didn't process so the employee had to do it manually. I thought it was weird.

[6793026]

NCIX closed the retail (for a while now); Canada Computers is opening all the same cities once NCIX had their store.) hm.....

I'm thinking they are taking over the lease. (based on Canada computers's website locations today..) based on our best guess...

[twitchyzero]

looks like ME is popping up kitty-corner to NCIX (if it's still there) on West Broadway
that burns

[Vansterdam]

looks like ME is popping up kitty-corner to NCIX (if it's still there) on West Broadway
that burns

thats awesome for me haha no need to go Richmond anymore :fullofwin:

[6793026]

looks like ME is popping up kitty-corner to NCIX (if it's still there) on West Broadway
that burns

ME is opening one more aside from Vancouver.

[Razor Ramon HG]

ME is opening one more aside from Vancouver.

Do you know if it will be in Burnaby?

Richmond, Langley, Vancouver as it stands.

[ae101]

Anyone remember then NCIX was selling knifes lol

[6793026]

Do you know if it will be in Burnaby?

Richmond, Langley, Vancouver as it stands.

Yup ME is in talks in opening in Burnaby next.

Anyone remember then NCIX was selling knifes lol


^ those were the best deal ever. Shun knives, full set for 200 bucks? epicccc

[twitchyzero]

sure hope they did their homework and don't make the same mistake as NCIX...3 openings in BC within 6 months?...expanding quite fast

[Razor Ramon HG]

Apparently Canada Computers is coming now too as per their location website.

Burnaby, Richmond, Vancouver, and Coquitlam.

[ime2006]

Holllly.....what just happened ?????
NCIX is going DOWN !?!?!?

man...i am way too slow on those news.

PC stuff ? no margins... they have to rely on quantities to survive.
How do you get quantities if there is just so few population in this country ?

Worked for Anitec, and Future Shop...

They are all gone and gone...
Retail store eventually will be all gone...

Amazon will be the real empire.

[Gh0stRider]

https://twitter.com/MemoryExpress/status/929116571833835520

[yray]

burrnnnnnnnnnnnnnnn

[AstulzerRZD]

Canada Computer has announced 4 locations in Vancouver area.

1st address has been announced.
Canada Computers Burnaby Address: 5068-B Kingsway, Burnaby, BC V5H 2E7
Soon to be ex-NCIX Burnaby Address: 5068-B Kingsway, Burnaby, BC V5H 2E7

edit: other locations include Coquitlam, Langley, and Vancouver.
reddit.com/u/exncix seems to think that cities for those stores are not just coincidentally the same as NCIX's other stores.

[TOS'd]

1900 West Broadway, kitty-corner to the existing NCIX, lol

[Presto]

Canada Computer has announced 4 locations in Vancouver area.

1st address has been announced.
Canada Computers Burnaby Address: 5068-B Kingsway, Burnaby, BC V5H 2E7
Soon to be ex-NCIX Burnaby Address: 5068-B Kingsway, Burnaby, BC V5H 2E7



Masterful trolling by CC, or are we waiting for the announcement that they took over NCIX?

[AstulzerRZD]

Masterful trolling by CC, or are we waiting for the announcement that they took over NCIX?

With NCIX's condition not seeming too great, I wouldn't be surprised if the landlords and NCIX both agreed to just offload the stores instead of paying the lease exit penalties.

Canada Computers' other announced locations include Coquitlam, Langley, and Vancouver.
Excluding Burnaby, NCIX has stores remaining in Coquitlam, Langley, Vancouver, Richmond and Surrey.

[Jmac]

The_AK posted this in chat

https://anonimage.net/image/1nUKKPaV6O

https://anonimage.net/db/full/1nUKKPaV6O.jpg

[EvoSpider]

A few years back, I did a web order on Ncix and the part had to be shipped from warehouse. Two weeks later, still not a single word on the item. Then I contacted them and they said they haven't processed by order because they weren't sure if I wanted it.

WTF? I got super pissed and told them to cancel the order. Then I bitched at the girl, her name is Julie Huang, not sure if she still works there lol.

https://ca.linkedin.com/in/julie-huang-bb5932a9

LOL

[PuYang]

Wow crazy, had no idea this was going on.

Less than 2 months ago, I went to the Kingsway location and bought myself a new, very expensive laptop. I was there on a weekday during work hours (I have Mondays off), and the store was empty, so service was decently fast.

My sister in law was working for NCIX graphic design department like, a year ago. She helped me get a very hefty discount on a 65" 4k TV when I first moved into my apartment :P

I'll miss NCIX... always liked most of their sales.

[lowside67]

https://ca.linkedin.com/in/julie-huang-bb5932a9

LOL
Sure looks like that Douglas College education is working out for her...

-Mark

[Razor Ramon HG]

I remember Julie used to work at Bubble World on Kingsway. Her high pitched voice was super recognizable anywhere.

[twitchyzero]

I don't know this sales rep but unless she personally ran off with your money and then ghosted you, could we not publicize full names in here with linkedin profiles?

[yray]

https://anonimage.net/db/full/xmRN7vZOyl.jpg

[twitchyzero]

20 freaking years of building your client base
and still no official statement from the owner...not even a simple thank you
instead they're gonna to let their competitor break the news...?

[6793026]

^What official statement do you expect? From what I recall, CEOs or owners (of BCBG Max Azria, RadioShack, Payless ShoeSource, Gymboree, True Religion Apparel, Toys R Us) didn't come out and apologize for going bankrupt or explain they suck and having a tough time staying afloat.

Competition is just riding the wave. Wouldn't you? I would.

[Tim Budong]

GG NCIX
Thats all I have to contribute

[AstulzerRZD]

Latest rumor is that the retail locations (Richmond, Vancouver, Burnaby, Coquitlam) got informed of the takeover

https://www.reddit.com/r/bapcsalescanada/comments/7c6odz/news_memory_express_is_opening_a_new_store_in/dpulawd/?context=3

[twitchyzero]

^What official statement do you expect? From what I recall, CEOs or owners (of BCBG Max Azria, RadioShack, Payless ShoeSource, Gymboree, True Religion Apparel, Toys R Us) didn't come out and apologize for going bankrupt or explain they suck and having a tough time staying afloat.

Competition is just riding the wave. Wouldn't you? I would.

none of those started as local mom & pop's...the closest example would be Futureshop which was already merged by an American corporation over a decade before killing the brand

I appreciate it when small businesses like cafes and bakeries closing their doors writes a thank you statement for patronage over the years

but instead of answering emails & calls, apparently they're still actively deleting posts on their forums

I guess I just want them to salvage even what little sentiment and empathy I have left for them

[AstulzerRZD]

NCIX Landsdowne is now closed to the public and will be permanently closed by this Friday:

https://forums.ncix.com/forums/?mode=showthread&forum=116&threadid=2763079&pagenumber=0&msgcount=0&subpage=1

[lowside67]

According to their forum, Vancouver is closed as well.

-Mark

[Traum]

Isn't Burnaby like their core / oldest store? Has that been closed too?

[jackmeister]

Isn't Burnaby like their core / oldest store? Has that been closed too?

Thats the first one to be declared officially taken over by Canada Computers (on their website)

[AstulzerRZD]

As per their forum: https://forums.ncix.com/forums/?mode=showthread&forum=116&threadid=2763086&pagenumber=1&msgcount=6&subpage=1

"Yes it is true, Lansdowne, Broadway, Burnaby & Coquitlam will be closed by end of this week. If you have any orders not being picked up we will call you and you can pick up from our office in Richmond. "

[!Aznboi128]

Damn, saw this coming but didn't think so soon. I wonder when Memory Express will get axed. They seem to have even fewer sales than NCIX... but they're expanding?

[RickyTan3]

Damn, saw this coming but didn't think so soon. I wonder when Memory Express will get axed. They seem to have even fewer sales than NCIX... but they're expanding?

ME actually has good customer service and willing to spend time with the customer to explain a few things.

Fuck NCIX

[AstulzerRZD]

Damn, saw this coming but didn't think so soon. I wonder when Memory Express will get axed. They seem to have even fewer sales than NCIX... but they're expanding?

Apparently MemEx is eating up some of the B2B sales to smaller computer shops that NCIX used to do.

As well, MemEx owners' primary business is real estate.. MemEx is more of a side project and they sometimes own the building that the store is in so profit expectations aren't quite as high.

[Mr.Money]

that up keep cost of employees and building leases has to be stupid for how many places they expanded.

the amount of angry people who had bad experiences from ncix they've must have hired fucking retards with no social skills or sale skills but just there for the money,all brand new to working for the lowest pay.

i think amazon.ca is taking over for computer parts too,they take about a day to match sales of competitors and the door delivery is real nice without walking anywhere....Cheaper prices too first for computer parts...i bought my GPU There real cheap and they shipped all the way from usa to Amazon canada just so i would get it delivered with no down time as a long time user.

[aalex]

fuck ncix, they treat their employee and customer like shit.

[Hondaracer]

i never really had bad experiances with NCIX, but yea, with amazon prime now it's usually quicker to order parts from them than wait for stock to ship from richmond to whichever location youre picking up from. Kinda sad cause i always liked NCIX.

As mentioned above NCIX probably had ridiculous leases and overhead, but they probably still did OK for a long time. When you see the little ma and pop computer shop on some corner in vancouver, those have to be a front or the owner owns the building because who the fuck is going to those places anymore lol

[StylinRed]

Had no idea this was going on, thought it was odd seeing the Coquitlam store closed up early a week or two ago

I've always had great service at netlink computers and ncix

I haven't needed computer parts for a couple years now tho

As for memory Express I've had both ooo and bad experiences



I Just remember I've got $150 in NCIX gift cards!

[Spoon]

As much I love my desktop PC, I thought it was pretty much a dying breed. Kinda surprised ME and CC are stepping in to replace NCIX in the B2C space. Or will they generally not get market share in the B2B space without a retail front?

[Traum]

My guess is -- B2B sales will almost always require at least some sort of support. If you don't have a physical store / physical staff locally, how are you going to provide that?

[BaoTurbo]

NCIX Landsdowne is now closed to the public and will be permanently closed by this Friday:

https://forums.ncix.com/forums/?mode=showthread&forum=116&threadid=2763079&pagenumber=0&msgcount=0&subpage=1

Whaaaaaaaaat?!

But Richmond store is not closing. Probably just moving?

yeah, all of NCIX is moving to the moon.

LULLULLUL

[twitchyzero]

recently came across my ATI 9600 Pro from like 15 years ago...the NCIX sticker on it is nice and yellow

cool starry bra

[6793026]

ME is really really strong in Alberta. Their key and main goal is to always own their buildings.

ME in Vancouver is still struggling. Even their Winnipeg / Saskatoon is making money way way way before Van.

What CC & ME gets on the back end is ridiculous. The population market and sales volume surpasses what you see at NCIX.

[mb_]

So sad seeing my childhood go down in flames. Spent a lot of my money in high school at NCIX before I started spending money on cars. Guess this is what happens when you don't evolve and adapt your business.

[extracrunchie]

I think like all of us used to be avid customers of NCIX and I remember the Linus Tech tip days on their youtube channel. But ever since Linus left, their channel kinda sucked.

Also I hate doing returns at NCIX which they charge a 15% restocking fee for your returns.......rather shop elsewhere and I have.

[twitchyzero]

Guess this is what happens when you don't evolve and adapt your business.

most of the ex-employees suggest it's far more multi-factorial than that

[Badhobz]

cool starry bra
http://i0.kym-cdn.com/photos/images/facebook/000/159/414/Cool-Starry-Bra.jpg

[FerrariEnzo]

I used to shop at NCIX.. but most of my purchases recently are either ME or on amazon...

the customer service skills at NCIX is crappy compared to ME...

[gilly]

I know many of you said the customer service was crap but for me, I never had a problem. Very helpful when I had questions and took their time to explain it to me. Took their time and checked my builds to make sure everything was compatible. Didn't have complaints with their customer service.

However, I never bought anything from ME before. Never experienced their customer service

Anyways, sad to see them go... NCIX was my go to place for building rigs since high school.

[Preemo]

I can attest that ME is very strong here in Edmonton. They recently opened up a new flagship store on the Westside. Anyways, solid guys to talk to if you want to nerd out or figure out solutions to whatever issues you may have.

[Dragon-88]

The company I work for does anywhere between $200-300 million is product sales yearly.. They're in the food industry and are located in most retail stores, and even Costco.. ~80% of their sales comes from Amazon.. The retail industry is hurting, and typically you dont need computer parts the same day, most people would be fine with a 1-2 day wait at a discount. Online shopping is the way of the future.

As for the sales staff, you really dont need 3-5 employees for walk-in sales. I mean probably more than half the people that enter the store already know what they're going to buy.

[The_AK]

someone posted this on their forum

http://images.ncix.com/forumimages/CC479393-EBC1-42A5-81A2A1A7BC8CEF2A.JPG

[Jmac]

https://justice.gov.bc.ca/cso/esearch/civil/searchPartyResult.do?serviceId=42598070

[Mr.Money]

wtf did the small claims from 2011 even get looked at yet?

[twitchyzero]

128 guests viewing this thread right now PJSalt

[Tim Budong]

https://www.youtube.com/watch?v=KMaWSinw4MI&t=2493s

linus spills some dirt

[smoothie.]

^ 1 hr? fuck, timestamp for ncix pls

edit: https://youtu.be/KMaWSinw4MI?t=41m37s

comments guy for the win.

[Traum]

NCIX stuff @ 41:33

https://www.youtube.com/watch?v=KMaWSinw4MI&t=2493s

[6793026]

^ thx for telling me it was a@ 41:33 cause mannnnn I would not have listened that long... I was still trying to wait for him to get to the point... 47:08 was the direction Linus was trying to get acquired.

[twitchyzero]

indexing in the comments
2x speed

if it's close to the truth, Linus is brighter than I thought...too bad they shot down his pitch

[Acura604]

https://www.techspot.com/news/72137-ncix-files-bankruptcy-after-closing-all-retail-stores.html

Computer hardware sales are alive and well, but unfortunately Netlink Computer Inc. has reached an impasse. Commonly known as NCIX, the hardware and software retailer has officially filed for bankruptcy in Vancouver, Canada.
Founded in 1996, NCIX primarily served western Canadian residents. After building a sizable online presence and looking to expand, the company opened brick and mortar stores in the Vancouver area and later added additional locations in Ontario. Once the Canadian market was well covered, NCIX set up a distribution center in the United States in 2011.
Moving forward to July 2017, NCIX shut down several of its retail stores in eastern Canada and closed its office in Markham, Ontario. Then in November, five more stores were shut down. At this time, customers were told to file chargebacks with financial institutions for orders that were not fulfilled.

[Tim Budong]

NCIX left a bitter taste with their employees
can't wait to hear more stories
hahaha

[6793026]

to be honest, if you were still working till the very last day of the closure... then I got some serious questions for you.

1) Are you a relative? Then sure, I can understand
2) Were you just super loyal (of the core executives?) then sure as the accountant / senior VP of Ops then I can see where you're coming from.
b) if you just finally realize now; completely blind, and was just waiting for the next best opportunity then you're just dumb.

One should already clue in the massive lay offs and should have started looking elsewhere long long time ago.

[Tim Budong]

to be honest, if you were still working till the very last day of the closure... then I got some serious questions for you.

1) Are you a relative? Then sure, I can understand
2) Were you just super loyal (of the core executives?) then sure as the accountant / senior VP of Ops then I can see where you're coming from.
b) if you just finally realize now; completely blind, and was just waiting for the next best opportunity then you're just dumb.

One should already clue in the massive lay offs and should have started looking elsewhere long long time ago.

i didn't work there, but shits all over reddit. from a user by the name of exncix who seems to have a lot of answers to your questions

[The_AK]

I'm curious how severance is going to work if lifers will get ANYTHING since with bankruptcy they're going to sitting in the same position as all other creditors.

[lowside67]

They are not getting anything from NCIX in bankruptcy’s. However, there are some government programs that will pay them some of it.

-Mark

[Traum]

This has been circulating on my FB feed:

https://docs.wixstatic.com/ugd/2ff03f_c7fd76d183ba40668569eac31ff5f33d.pdf

American Express - $4,536,211.66
Bank of Nova Scotia - $3,746,750.00
Bank of Montreal - $18,340.31
CIBC - $354,057.83
RBC - $132,501.28

Distributors:
ASI - $2,790,992.61
D&H - $54,625.70 (Officially wins award as smartest of the Canadian distributors)
Ingram Micro - $3,699,861.76
Synnex - $7,524,536.40
Tech Data - $660,913.47
Tenva (Avnet) - $969,429.10

Vendors duped by consignment
Be Quiet - $57,414.95
EVGA - $369,332.35
Pulselabz - $5,724.80
Shimono - $11,224.50

Individual vendors - Many vendor names not here indicating how many had cut them off.
A-data - $290,763.13
Corsair - $1,101,671.48
Fractal Designs - $221,565.95
Gigabyte - $760,224.85
GSkill - $193,435.15

The boss man himself is reportedly also out $7M as shareholder loan. The grand total of this outstanding debt is ~$35M, including the $7M that the boss man coughed up himself.

The part that struck me as most ironic is the following line:

Our expectation is to emerge from this process as a strong, sustainable business

Does this mean NCIX is only looking to restructure their debt, and aims to relaunch their business again? With their physical storefronts all gone, that seems to be a rather difficult goal to shoot for.

[twitchyzero]

they fucked a single distributor to the tune of 7.5M?

are these numbers normal in this biz?? wouldn't any sane mgmt at the distributing centre cut them off after a few hundred thousands in the red?

[bobbinka]

Does this mean NCIX is only looking to restructure their debt, and aims to relaunch their business again? With their physical storefronts all gone, that seems to be a rather difficult goal to shoot for.

They're filing a proposal. If the proposal is accepted by the creditors, they'll continue to operate. It's not quite at the bankruptcy stage yet.

[Traum]

they fucked a single distributor to the tune of 7.5M?

are these numbers normal in this biz?? wouldn't any sane mgmt at the distributing centre cut them off after a few hundred thousands in the red?
Admittedly, I am not at all familiar with suppliers, their typical sales / finance practices, etc. But I would guess that esp for for a retailer the size of NCIX, it would not be surprising for them to have a credit term (or whatever its proper business name is called) of 90 days or more before having to pay off an invoice. In the mean time during those 90 days, the retailer would likely have racked up another 2 months' worth of purchases from the distributor. So depending on how much "stuff" NCIX orders from this particular supplier, that $7.5M could represent 3+ months' worth of unpaid invoices, and that would still be more or less a standard business practice.

They're filing a proposal. If the proposal is accepted by the creditors, they'll continue to operate. It's not quite at the bankruptcy stage yet.
I suspect the creditors would have more information about NCIX than the general public does -- at least they'd be privy to more financial information than what is publicly available. And with all the info that has gone public, if I were a responsible creditor, I would certainly have looked into those info as well. For me, I would not have very much confidence in the way they were conducting business in the past.

[BaoTurbo]

D&H isn't the smartest, they're just the smallest to support NCIX.

Synnex and Ingram Micro are also small to medium size but NCIX was probably one of their biggest accounts.

Like Linex said, biggest costs are shipping in Canada and logistics. One 53 foot trailer fits roughly 4000 small boxes if full so you can definitely imagine how much the bill can rack up on a short amount of time if daily deliveries. Synnex having NCIX as one of their big accounts I'm sure they wouldn't want to cut them off immediately because they have contracts in place and relations to keep. Most likely Synnex was kept in the dark about all the internal difficulties NCIX was having. One more thing, there are also possibilities that NCIX was using distributors as storage facilities for skids of overflow inventory and be placed on invoiced orders, meaning NCIX just calls these distributors up and tell them to place sticker labels based on what is ordered, then ship them out; which is another large cost.

[yray]

https://www.ncix.com/search/?q=Shimono

11k in car vaccums

naice

[bobbinka]

I suspect the creditors would have more information about NCIX than the general public does -- at least they'd be privy to more financial information than what is publicly available. And with all the info that has gone public, if I were a responsible creditor, I would certainly have looked into those info as well. For me, I would not have very much confidence in the way they were conducting business in the past.

If a proposal is accepted by majority creditors, the agreement is binding. As the purpose of a proposal is to avoid bankruptcy, NCIX would have every incentive to abide by it. Creditors may also be inclined to accept a proposal, as they might not get anything at all if NCIX goes bankrupt. A proposal is decided upon by the majority creditors, so it'd only be rejected if the majority creditors think there's enough assets to recover in a bankruptcy (which i doubt).

If they live to die another day, you can rest assured NCIX will not be able to conduct business the same way going forward. Seeing as the creditors are also the vendors/distributors, i'm sure they will have some serious controls in place when dealing with NCIX.

[6793026]

Synnex and Ingram Micro are also small to medium size but NCIX was probably one of their biggest accounts.

Synnex having NCIX as one of their big accounts I'm sure they wouldn't want to cut them off immediately because they have contracts in place and relations to keep. Most likely Synnex was kept in the dark about all the internal difficulties NCIX was having. One more thing, there are also possibilities that NCIX was using distributors as storage facilities for skids of overflow inventory and be placed on invoiced orders, meaning NCIX just calls these distributors up and tell them to place sticker labels based on what is ordered, then ship them out; which is another large cost.

1) Ingram is the biggest disti of all (compared to Synnex / TD / Avnet etc TD just bought Avnet to stay competitive globally.)
2) Not one of the disti were kept in the dark, they are fully aware every day on the net 120+ days plus owing.
3) Yes, NCIX as well as Toys R' US, Staples, MS etc all uses distri (Ingram in particular to do all their storage).
4) NCIX is definitely not a big account for Ingram / TD / Synnex. What NCIX does in a year is what some of these account does in 3 months.

[tomatogunk]

Heard from a friend who used to work corporate that the owner of NCIX will be opening another company within the same industry, Azone distribution, thanks to an investment that he got from China

[bcrdukes]

I think it's safe to say that NCIX has been bankrolled for some time by inventors from China, and are looking to do the same.

[twitchyzero]

how exactly is a distributor kept in the dark?

even if they haven't been on reddit/rfd, like most industries I assume word spreads fast

guess it's not surprising they want to have another go even so deep in the red...I thought at least a different field but the owner's clearly delusional thinking he still has any trust left in the hardware business

[quasi]

If a proposal is accepted by majority creditors, the agreement is binding. As the purpose of a proposal is to avoid bankruptcy, NCIX would have every incentive to abide by it. Creditors may also be inclined to accept a proposal, as they might not get anything at all if NCIX goes bankrupt. A proposal is decided upon by the majority creditors, so it'd only be rejected if the majority creditors think there's enough assets to recover in a bankruptcy (which i doubt).

If they live to die another day, you can rest assured NCIX will not be able to conduct business the same way going forward. Seeing as the creditors are also the vendors/distributors, i'm sure they will have some serious controls in place when dealing with NCIX.

If the suppliers in this industry are anything like the suppliers in the construction industry they'll whore themselves out to the reincarnate without skipping a beat and it will be business as usual.

Stupid as it sounds I see it happen all the time in my industry, these dumb asses keep getting burned and they keep extending credit. ABC 2015 is going out of business, you owe us tons of money but you need credit for your new company ABC 2018? Not a problem how much do you need? We want to be your go to supplier.

[bobbinka]

If the suppliers in this industry are anything like the suppliers in the construction industry they'll whore themselves out to the reincarnate without skipping a beat and it will be business as usual.

Stupid as it sounds I see it happen all the time in my industry, these dumb asses keep getting burned and they keep extending credit. ABC 2015 is going out of business, you owe us tons of money but you need credit for your new company ABC 2018? Not a problem how much do you need? We want to be your go to supplier.

I wouldn't be the least bit surprised if that's what happens in the construction industry in this day and age. Real estate is huge, construction is necessary. I'm sure suppliers would not have any issues taking a gamble like that.

[Manic!]

https://www.youtube.com/watch?v=P1dIXJy8WK8

[The_AK]

www.ncix.com is down, that was anti-climatic, no apologies to customers, no nothing lol

[6793026]

^ dang, i didn't realize it wasn't up anymore.

side note, i don't understand why people expect someone to say "thanks for yrs of business" or "sorry we are filed for bankruptcy"

Company (eg// NCIX for sure went down to next to nothing, staff wise; accountant, and a few family members + some core staff. I doubt anyone even know how to access corp website anymore.

[The_AK]

They should have at least sold the domain name, could have at least made some money back on that given the number of traffic they were getting.

[lowside67]

www.ncix.com is down, that was anti-climatic, no apologies to customers, no nothing lol
Works just fine for me...

-Mark

[Great68]

It was definately down the other day, looks like they've brought it back up today.

[twitchyzero]

kinda scummy to leave the website available to order things for months and months when they know very well they can't fulfill jack


side note, i don't understand why people expect someone to say "thanks for yrs of business" or "sorry we are filed for bankruptcy"

Company (eg// NCIX for sure went down to next to nothing, staff wise; accountant, and a few family members + some core staff. I doubt anyone even know how to access corp website anymore.

already posted my reply to that 'why bother to say thanks' sentiment few pages back

https://www.revscene.net/forums/713688-ncix-going-bankrupt-3.html#post8872211

if they can't access the website, they can easily write a public post on Facebook

[BIC_BAWS]

https://facebook.com/story.php?story_fbid=1599917790064739&id=140685205988012

Ncix just got replaced with Canada's computers at Lansdowne

Sent from my Pixel XL using Tapatalk

[68style]

Lansdowne is getting entirely re-developed starting before 2020 anyway... probably got the lease for next to free.

[jackmeister]

Lansdowne is getting entirely re-developed starting before 2020 anyway... probably got the lease for next to free.

Pretty sure that's not the case. They'll be building in all the parking lots before the mall gets torn down.

As well, T&T is moving in next summer... not like they spend 1 year to renovate the zellers/target store for 2 years of business.

[Verdasco]

Lansdowne is getting entirely re-developed starting before 2020 anyway... probably got the lease for next to free.

proof?

TNT is coming in so I doubt this will happen.

[J.C]

I thought it was still in the proposal/application stage

[kross9]

proof?

TNT is coming in so I doubt this will happen.

Thats what i thought too when i saw this.

24 towers planned for Richmond's Lansdowne Centre redevelopment | Daily Hive Vancouver (http://dailyhive.com/vancouver/richmond-lansdowne-centre-shopping-mall-redevelopment-december-2017)

Not sure how good it is being vanshitty buzz,

They have to be approved still and with the new airport expansion who knows (Cause height restrictions)

I dont see this happening for at least 10 years imo

[FerrariEnzo]

Someones gona get rich

[Acura604]

Store Locator - Canada Computers & Electronics (http://www.canadacomputers.com/location.php?sid=pdbjtbmupdatjprt3et9od9372)

looks like 2 of the west stores are open for business!

[68style]

proof?

TNT is coming in so I doubt this will happen.

They don't need to close to construct a little city there. Did Brentwood mall close when they re-did that entire area? Nope...

Go by Lansdowne and read the billboards at the outer edges of the parking lot. Ask the retailers in the mall, all the small stores are getting the boot as their leases come up. I've lived in Richmond my whole life and next to Lansdowne for the better part of 14 years.

Same with Richmond Centre, the entire Sears parkade and Sears building is being torn off the mall and turned into towers.

Richmond has always had a restriction on all towers, not necessarily even because of the airport (though that is a factor) but also the ground doesn't support anything more than ~15 floors (will appear as a 17 floor building due to China not liking 4th or 14th floors). Not sure why someone even brought that up as a potential factor against this happening.

[Jmac]

They don't need to close to construct a little city there. Did Brentwood mall close when they re-did that entire area? Nope...

Go by Lansdowne and read the billboards at the outer edges of the parking lot. Ask the retailers in the mall, all the small stores are getting the boot as their leases come up. I've lived in Richmond my whole life and next to Lansdowne for the better part of 14 years.

Same with Richmond Centre, the entire Sears parkade and Sears building is being torn off the mall and turned into towers.

Richmond has always had a restriction on all towers, not necessarily even because of the airport (though that is a factor) but also the ground doesn't support anything more than ~15 floors (will appear as a 17 floor building due to China not liking 4th or 14th floors). Not sure why someone even brought that up as a potential factor against this happening.
I thought they banned bypassing floor numbers because of issues w/ the fire department? Or was that only City of Vancouver?

[snowball]

^
If only they did that for Richmond, some cheap real estate to be had on those floors :awwyeah:

[PeP]

Which other stores do you guys use for purchasing computer related parts? NCIX was my go to because it was everywhere.

Memory Express?
Best buy? (...riiiiight)

[mb_]

Amazon

[Traum]

Newegg
Amazon

and let's see how Canada Computers will turn out too...

[twitchyzero]

memory express
amazon only if ME doesn't have it..not a prime member and some times they can take forever to restock
i try not to buy from the egg anymore, service is crap and not much better than ncix

[GS8]

Go by Lansdowne and read the billboards at the outer edges of the parking lot. Ask the retailers in the mall, all the small stores are getting the boot as their leases come up. I've lived in Richmond my whole life and next to Lansdowne for the better part of 14 years.

I lived at Versante (Tower 2) for 1 year. It was 1 year too many. Funny thing is I lived on the 4th floor. Yes it was labelled the 5th floor but if you were to count the actual number of publicly accessible floors, it was the 4th. One year later and no one died on my floor.

My dog these people are stupid.

On topic, bought lots of things from NCIX Lansdowne in the time I was there including a $1400 laptop for half price last boxing day. The service was non-existent but the transaction was straightforward. Built my first and only gaming rig through NCIX back in 2008. It's still running! Just need to replace the dead HD with an SSD and it'll be perfect for what I use it for.

[vinzcastmich]

They just also closed down the one in coquitlam :okay:

[FerrariEnzo]

ME is expanding again.. 2 more locations.. Vancouver and Burnaby.. are these the old NCIX spots? lol

[Hondaracer]

I thought they banned bypassing floor numbers because of issues w/ the fire department? Or was that only City of Vancouver?

Trump tower has no 13 and no 4’s all the way up to 70..

[Traum]

It's probably going to be a shxt show (in terms of bidding), but man... should I?

Daily Hive -- NCIX Bankruptcy Auction -- Thurs, Feb 22 (http://dailyhive.com/vancouver/ncix-bankruptcy-auction-vancouver-february-2018)

[Razor Ramon HG]

Went to Canada Computers in Burnaby, looks like they absorbed most of their front staff.

[Acura604]

anyone on the auction???? looks like a bit of a shit show so far.

[jackmeister]

I've had the privilege of looking at the stuff left behind in the warehouse before auction. Pretty sure all the good stuff isn't there.

If you look at the bid prices, they're already higher than what you can see on Amazon and or Newegg, and that's before 17% buyers premium.

auction
http://bid.ableauctions.ca/1-TB-SAMSUNG-V-NAND-850-EVO-SSD_i29363504 400 + 17% + 12% = approx 520

buy it now
https://www.newegg.ca/Product/Product.aspx?item=N82E16820147374 380 +12% = 425.60

[SkinnyPupp]

So many coolers and shit. Shows you where all the money is in PC hardware sales

[Ride]

I'm watching this auction online and stuff is going at stupid prices
Here's a couple examples which aren't computer related, a s7 edge which is not sealed and not brand new http://imgur.com/6YJNfXV and on Craig's is goin for around $500
A used pallet jack http://imgur.com/2rn88xs and on Craig's is not the same brand but does the same thing goin for around 150 bucks and those bid prices don't even have the fee and taxes added to em

[winson604]

Lol auction mentality, too many noobs not doing enough research and with the I gotta out bid mentality over paying.

[lilaznviper]

lots of people bidding online. some people scored some good stuff

ssds 256 went for 300$ can get a 500gb at memory express at 180ish

[Manic!]

Here is your sucker about have way down[Newegg] GIGABYTE GTX 1070 Ti $689.99 ~OOS - Page 2 - RedFlagDeals.com Forums https://forums.redflagdeals.com/newegg-gigabyte-gtx-1070-ti-689-99-oos-2173284/2/

I was surprised some people where buying huge amounts. One guy bought most of the cryorig Coolers. The pallets went for 6250 around 20 bux cooler plus fees and taxes. Someone did get a good deal on the nzxt, led 140mm fans. Paid about 7 bux EACH. Bought about 140.

[twitchyzero]

do they own a lan cafe? seems like the auction was a giant waste of time, but not too surprised

[Tim Budong]

https://www.youtube.com/watch?v=cDZfh5IjGv8

interesting

[mikemhg]

https://www.youtube.com/watch?v=cDZfh5IjGv8

interesting

Comments were mentioning money laundering on these bids? How so?

[Traum]

Well... isn't NCIX the gift that just keeps on giving! FailFish

https://www.privacyfly.com/articles/ncix_breach/

TL;DL
- ex-NCIX servers available for sale
- comes complete with tons of accessable data, including personal and private information
- ex-employees are totally GG-ed, as ALL their personal info is there
- credit card payment details also available in plain text for two hundred and fifty-eight thousand users between various tables

[6793026]

this is what got me.

I found data going back 13 years, financial documents, employment letters containing SIN numbers, and data from Mr. Wu’s home computer which featured personal documents and images of his family mixed in with numerous private photos of high end escorts from mainland china.

[Traum]

^^ LOL~ that exact same line was the thing I found most interesting from the article too :lawl:

[Reeyal]

Dang...
Good thing I only used PayPal to pay for my NCIX purchases.

[bcrdukes]

Wow, this is terrible.

Mr. Wu certainly did more harm than the public would have ever imagined. As for the escorts, well, I would be surprised if he DIDN'T persue the services of them. Now, why he put them the company's servers is beyond me. I suppose he wanted to ensure his "entertainment expenses," were accounted for. :pokerface:

[OriginalJC]

Posted this in the other thread

https://twitter.com/RichmondRCMP/status/1043234549558329344

[DragonChi]

Just saw on CBC that there's a class action lawsuit for the breach now.

[Traum]

Just saw on CBC that there's a class action lawsuit for the breach now.

https://www.cbc.ca/news/canada/british-columbia/ncix-breach-private-computer-lawsuit-1.4838149

[Mr.Money]

so is mr wu tang gonna lose a whole shit of cash for the lawsuit now?

[twitchyzero]

i believe he already fled the country long ago
so zero ducks given

[DragonChi]

Wasn't he going to start up another computer company? Maybe it was another NCIX employee.

There is still Able Auctions and the Trustees on the lawsuit.

[6793026]

so if the lawsuit happens, and assuming somehow it wins, does the other debtors gets the right to be head of the line or because this is another type of lawsuit, they get first dips?

[Traum]

If the classaction lawsuit wins, I don't think the debtors would get anything anymore. It is NCIX, Able Auctions, and the Trustees getting sued for negligence. If anything, NCIX is going to be put into further debt since it has to pay for the damages from the lawsuit.

IMO, Able Auctions and the Trustees totally screwed up. They should have gone through the hard drives and just wiped them en masse. But I guess they didn't have the technical expertise to realize this.

[Mikoyan]

I used to go to Able Auctions when they were in Vancouver off Clark. They don't go through anything. Stuff is put out and sold as is when the businesses liquidate their hard goods.

A few years ago they were selling off some office cabinets/desks/cubicles that came from Shaw it turns out. Desks were full of engineering paperwork for properties that needed cable drops put in. Files had full names, addresses and SIN numbers attached to the files.

Shaw should have cleaned out the files before shipping them off to be liquidated. Able isn't going to spend the time to do that... Well, depending how it turns out now, maybe they will.

[lowside67]

IMO, Able Auctions and the Trustees totally screwed up. They should have gone through the hard drives and just wiped them en masse. But I guess they didn't have the technical expertise to realize this.
There is no way that Able Auctions is going to be found negligent for not wiping hard drives on stuff they are hired to sell. They are not computer technicians, they are auctioneers selling whole computers - whether they start or not, and what if anything is on them, is outside scope. Not to mention, I guarantee their agreements to list equipment will disclaimer them out of anything close to this.

-Mark

[6793026]

IMO, Able Auctions and the Trustees totally screwed up. They should have gone through the hard drives and just wiped them en masse. But I guess they didn't have the technical expertise to realize this.

it's probably in their T&C when you sign up as a bidder they are not responsible for anything. Releasing them of all risk etc.