MEC, which used to be Canada's equivalent of REI, went bankrupt a couple of years ago (the C used to be co-op, currently stands for company after they got rescu

MEC, which used to be Canada's equivalent of REI, went bankrupt a couple of years ago (the C used to be co-op, currently stands for company after they got rescued by a fund). Talking with a long-time employee, a big reason was ~100M spent on big fancy headquarters (new owners promptly sold them to EA)