Can you still shop at MEC?

We do not currently have any MEC locations outside of Canada, but members are welcome to use mec.ca from virtually anywhere in the world.

Are MEC members shareholders?

Kingswood’s commitment to honouring the MEC ethos and the solid financial footing that this transaction will provide gives us tremendous confidence in the future.” MEC members pay a one-time $5 lifetime membership fee. This gives them one share in MEC. So, in essence, they are shareholders.

Who bought out MEC?

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. 1077 Holdings Co-operative remains active to deal with the remaining claims by creditors and will be wound up at some point in the future.

Are MEC and REI the same company?

MEC was originally the brainchild of six Vancouver mountaineers who started in the 1970s making small, cross-border runs to outdoor equipment retailer REI, whose co-operative structure MEC shares. Over the years, MEC has donated $44-million to community and conservation groups.

Is MEC going out of business?

Mountain Equipment Co-op 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.

What is the benefit of MEC?

Benefits of MEC Real-time: Lowest robust application latency end-to-end. Video caching and Analytics: Real-time insights from data at the point of capture, minimum cloud ingress bandwidth. Private: Local communications to private networks for performance, privacy, and security.

Did MEC go out of business?

Mountain Equipment Co-op 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.

Who is the CEO of MEC?

Eric Claus
“The brand has always meant so much to Canadians,” says Eric Claus, CEO and Chairman of MEC.

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 does MEC stand for store?

Mountain Equipment Co.
About MEC – Mountain Equipment Co. Free Shipping and a Rocksolid Guarantee. Search. My store: Set my store.

Is MEC made in Canada?

We believe in “Made in Canada.” It’s written in our Board Policy.

Has MEC sold?

Iconic Canadian outdoor retailer Mountain Equipment Co-op has been sold. The business said Monday that its board of directors unanimously approved a deal in which a Los Angeles-based private investment firm called Kingswood Capital Management will acquire its assets, including the majority of its retail stores.

How big is the MEC store in West Calgary?

MEC’s west Calgary location, spanning 27,000-square-feet, will provide members with a similar product and service offering, as well as a community room and extensive event programming. The store will be adjacent to Canada Olympic Park within the Trinity Hills development.

Who is the manager of MEC South Calgary?

Jerry McGillivray, MEC’s regional operations manager based in Calgary, said, “Besides being accessible to more members, Calgary South and Calgary West will serve as hubs for outdoor activity, just as the Beltline store does. We see great synergy between the stores and the outdoor activities that will take place near them.”

Are there restrictions on what you can wear at MEC Calgary?

Restrictions on the type of clothing and gear members are permitted to try on. Plexiglass shields are installed at cashier stations. Climbing walls and play areas are closed. Clinics, events and community room bookings are paused.

How does MEC help the community in Canada?

Year-round, MEC offers low cost (or even free) clinics and workshops from friendly staff instructors, plus events happening in the larger community – everything from backcountry navigation classes to film screenings. Our community program has given tens of millions of dollars to help people in Canada get active outdoors.