Oh godSaw something saying that Hush bought them out.
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Oh godSaw something saying that Hush bought them out.
From my experience, the abrupt nature points to negative working capital/cash flow that they just realized they can't recover from, and or a last ditch loan/cash infusion not coming through.I can't help but find this curious. They had to move a ton of merchandise.
I'm inclined to believe that they got bought out but the abrupt nature is what I find odd.
Same here. Surprised they didn’t have a going out of business sale or anythingI can't help but find this curious. They had to move a ton of merchandise.
I'm inclined to believe that they got bought out but the abrupt nature is what I find odd.
Yup. Even if you're bringing in revenue every month, by the end of the 3rd quarter, if you're negative cash flow, it's gonna catch up to you eventually. If there's a decrease in revenue or an increase in input costs, that'll accelerate. One day, the magic spreadsheet has a cell that just goes deep red and it's game over.From a business perspective, I think it's a major challenge to offer large discounts on products you are probably getting 25-40% gross margins on when sold at full price.
Doesn't leave much room for growth or sustainability, especially with the presence of Midway, Scheel's, Bass Pro, etc.
That’s what’s odd to me, if it was chapter 11, there should have been a lead up to closing doors. This abruptness about it is odd. Maybe there will be a post close sale or something locally but it’s kind of oddSame here. Surprised they didn’t have a going out of business sale or anything
Yeah, I always used the CF app, pretty quick shipping.Damn, was wondering why camofire wasn't working...these guys had some great deals over the years and had some good products of their own. They were also active on rokslide and hooked members up often.
Time to call your credit card companyI just ordered some items on Monday and sent them a note about their shipping with USPS. My package usually takes two days from Utah to Wa. My package is sitting in Wisconsin right now. Anyhow about an hour later I received an email back from them.
Hi there,
Thank you for reaching out to BlackOvis. We wanted to let you know that we have officially closed our doors and are no longer in business.
We want to express our sincere gratitude for your support, loyalty, and the incredible community that has grown with us over the years. It’s been an honor to serve you and share in your outdoor adventures.
Wishing you the best on all your future hunts and pursuits in the field.