- Apr 23, 2007
- Reaction score
Rebrand The Bay at Centrepoint (Steeles and Yonge) as a Zellers, keep the same merchandise, and call it a day. No one will notice. Or care.HBC has now confirmed the closing of at least two stores in Alberta.
One at Londonderry Mall in Edmonton.......which, in fairness, might the best served HBC market in the country on a stores per capita basis...........
Though, that store was under-invested in, as so many are, for at least a generation...............
But now, they've also confirmed exiting Banff with had a mini-store (20,000ft2) which it has had for generations.
I feel like this merits close watching, as I've been hearing rumours of large-scale closures for more than a year, and all the signs have been there, but it just hasn't come to pass, but now we have 2 announcements in as many weeks.
Hudson’s Bay to Shut Londonderry Mall Store in EdmontonThe retailer will close one of its oldest locations in Alberta this summer as the retailer strategizes the future of its physical stores.retail-insider.com
Hudson’s Bay to Shut Historic Standalone Store in Banff AlbertaThe smallest department store in the chain caters to tourists and locals in the town and has been an important retailer in Banff for over 80 years.retail-insider.com
HBC stores across the country, including in flagship malls are running contracted hours that make no sense whatsoever.
You can't generate sale per ft2 with a closed store.
I am hearing that at least 2 stores in the GTA ( I suspect more) are up for closure in the near-term, but HBC does a pretty good job of keeping the actual dates quiet.