officedweller
Senior Member
Thanks.
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androiduk
Senior Member
Application: Sign Permit Status: Not Started
Location: 176 YONGE ST
TORONTO ON M5C 2L7
Ward 28: Toronto Centre-Rosedale
Application#: 13 159200 SGN 00 SP Accepted Date: Apr 30, 2013
Project: First Party New
Description: To erect and display six illuminated wall signs, two on the northerly elevation, two on the easterly elevation and two on the southerly elevation of second storey of building, in conjunction with a commercial company. **Hudsons Bay**
Location: 176 YONGE ST
TORONTO ON M5C 2L7
Ward 28: Toronto Centre-Rosedale
Application#: 13 159200 SGN 00 SP Accepted Date: Apr 30, 2013
Project: First Party New
Description: To erect and display six illuminated wall signs, two on the northerly elevation, two on the easterly elevation and two on the southerly elevation of second storey of building, in conjunction with a commercial company. **Hudsons Bay**
devjohnson
Active Member
Skeezix
Senior Member
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AndreaPalladio
Senior Member
They have started merchandising the new women's shoe department.
Retail-Insider
Active Member
Today the Queen Street Hudson's Bay store opened one of the world's largest shoe floors. It's 50,000 square feet and includes a luxury section called 'The Room Shoes'. It could also, possibly, open Jimmy Choo and other concessions:
http://www.retail-insider.com/2013/06/hudsons-bay-opens-one-of-worlds-largest.html
http://www.retail-insider.com/2013/06/hudsons-bay-opens-one-of-worlds-largest.html
Skeezix
Senior Member
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It remains to be seen how well Hudson's Bay will do once Nordstrom arrives, although this is the right attitude. And it makes sense that a Hudson's Bay store has the potential to do better in a mall with Nordstrom or Simons, than it does in a mall with Sears.
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U.S. competition from Nordstrom good for Hudson’s Bay, CEO says
Hollie Shaw | 13/06/19 | Last Updated: 13/06/20 8:42 AM ET
Financial Post
TORONTO – Hudson’s Bay Co. is looking forward to the arrival of rival Nordstrom to Canada, its chief executive says — if only to showcase the veteran Canadian retailer’s superior deals to consumers.
Richard Baker said Wednesday Nordstrom’s first store in Calgary in 2014 will likely strike consumers as beautiful and staffed with many helpful salespeople, but nevertheless as being “really expensive,” given his perspective from operating the rival Lord & Taylor chain in the U.S.
“Hudson’s Bay is a promotional retailer and every day there is a different kind of exciting promotion going on, and that is what drives our business,” Mr. Baker said after the retailer’s first annual general meeting of shareholders since it raised $365-million an initial public offering last fall.
“Nordstrom is a full-price retailer with a sale twice a year.”
Adding he expected no change to sales or even an increase in Hudson’s Bay locations with Nordstrom in the same mall, Mr. Baker predicts after perusing the new chain, customers will go directly to the Hudson’s Bay store to “make sure [they] can’t go buy the same thing on sale or get points or get a deal or a discount.”
The executive added he would rather have Nordstrom or Quebec-based retailer Simons, an expanding department store chain with high sales-per square foot, as a mall competitor than struggling Sears Canada. Nordstrom and Simons attract “our kind of customer — we want to be in great malls where the customer wants to be.”
The shareholders meeting came a day after HBC announced the promotion of president Bonnie Brooks to vice-chairman, which will lessen her day-to-day store operation role and place her focus on higher-level strategy. Liz Rodbell, HBC’s chief merchant and a long-time Lord & Taylor executive, was named president and sees few hurdles in the business she is taking over.
“As we roll out that omni-channel initiative, I think that is our biggest opportunity” for growth, Ms. Rodbell said after the meeting.
Mr. Baker, who wore HBC’s signature striped tie and matching socks to the meeting, believes there is a large void in online retail in Canada for mid-price to better brands, a gap he wants to fill as he strives to increase business productivity.
He predicts online sales, which grew 33% to $31-million in the last quarter, could hit $500-million in annual sales over the next four to five years. At Hudson’s Bay stores, online sales currently account for 2% of overall revenue and about 7% at Lord & Taylor. Combined e-commerce accounted for 3.5% of overall sales in 2012.
Other major strategies to raise in-store sales per square foot to the peer group benchmark average of $240 (in 2012 they were $140 at Hudson’s Bay and $228 at Lord & Taylor) include expanding the presence of other retailers such as Topshop and Kleinfeld Bridal within Hudson’s Bay stores and focusing on high-growth categories such as shoes, women’s and men’s apparel and accessories.
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U.S. competition from Nordstrom good for Hudson’s Bay, CEO says
Hollie Shaw | 13/06/19 | Last Updated: 13/06/20 8:42 AM ET
Financial Post
TORONTO – Hudson’s Bay Co. is looking forward to the arrival of rival Nordstrom to Canada, its chief executive says — if only to showcase the veteran Canadian retailer’s superior deals to consumers.
Richard Baker said Wednesday Nordstrom’s first store in Calgary in 2014 will likely strike consumers as beautiful and staffed with many helpful salespeople, but nevertheless as being “really expensive,” given his perspective from operating the rival Lord & Taylor chain in the U.S.
“Hudson’s Bay is a promotional retailer and every day there is a different kind of exciting promotion going on, and that is what drives our business,” Mr. Baker said after the retailer’s first annual general meeting of shareholders since it raised $365-million an initial public offering last fall.
“Nordstrom is a full-price retailer with a sale twice a year.”
Adding he expected no change to sales or even an increase in Hudson’s Bay locations with Nordstrom in the same mall, Mr. Baker predicts after perusing the new chain, customers will go directly to the Hudson’s Bay store to “make sure [they] can’t go buy the same thing on sale or get points or get a deal or a discount.”
The executive added he would rather have Nordstrom or Quebec-based retailer Simons, an expanding department store chain with high sales-per square foot, as a mall competitor than struggling Sears Canada. Nordstrom and Simons attract “our kind of customer — we want to be in great malls where the customer wants to be.”
The shareholders meeting came a day after HBC announced the promotion of president Bonnie Brooks to vice-chairman, which will lessen her day-to-day store operation role and place her focus on higher-level strategy. Liz Rodbell, HBC’s chief merchant and a long-time Lord & Taylor executive, was named president and sees few hurdles in the business she is taking over.
“As we roll out that omni-channel initiative, I think that is our biggest opportunity” for growth, Ms. Rodbell said after the meeting.
Mr. Baker, who wore HBC’s signature striped tie and matching socks to the meeting, believes there is a large void in online retail in Canada for mid-price to better brands, a gap he wants to fill as he strives to increase business productivity.
He predicts online sales, which grew 33% to $31-million in the last quarter, could hit $500-million in annual sales over the next four to five years. At Hudson’s Bay stores, online sales currently account for 2% of overall revenue and about 7% at Lord & Taylor. Combined e-commerce accounted for 3.5% of overall sales in 2012.
Other major strategies to raise in-store sales per square foot to the peer group benchmark average of $240 (in 2012 they were $140 at Hudson’s Bay and $228 at Lord & Taylor) include expanding the presence of other retailers such as Topshop and Kleinfeld Bridal within Hudson’s Bay stores and focusing on high-growth categories such as shoes, women’s and men’s apparel and accessories.
Skeezix
Senior Member
Member Bio
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- Apr 25, 2007
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- 4,343
- Reaction score
- 2,688
- Location
- East of this, west of that
Hudson's Bay eyes buying Saks (link to June 24, 2013 article in the Globe and Mail)
If it happens, it would likely benefit HBC, although I wonder if it would take focus and money away from the revitalization of Hudson's Bay. Interesting times.
If it happens, it would likely benefit HBC, although I wonder if it would take focus and money away from the revitalization of Hudson's Bay. Interesting times.
Peepers
Banned
If this goes through I could see Hudson Bay converting their Bloor St store to a SAKS. It would make perfect sense to do so.
junctionist
Senior Member
Nordstrom is ridiculously expensive and will likely be irrelevant to most Canadian consumers, like Holt Renfrew.
prosperegal
Senior Member
Nordstrom (at least in the US) is GREAT for small sized shoes! They have the most selection, unlike Bloomingdale's, Saks and others. Seriously, it's next to impossible to find size 4 1/2 or 5.
Hamiltonian
Active Member
When are they going to switch to the new logo exterior signs at their locations?
Retail-Insider
Active Member
The Hudson's Bay Co. has purchased Saks Fifth Avenue. We did a lengthy analysis of potential Saks locations in Canada: http://www.retail-insider.com/2013/07/saks-fifth-avenue-likely-to-open-in.html
Hamiltonian
Active Member
Yay! Yay! Yay! Tears of joy! I L<3VE SAKS!!!
Peepers
Banned
This is exciting news! Almost certainly this means that the Bay on Bloor will become a Saks. The official announcement is expected later today although it is already being reported as a done deal.
http://www.nypost.com/p/news/business/saks_fifth_avenue_close_owner_being_id2DeDGoejJph0Qc6dE1DK
http://www.nypost.com/p/news/business/saks_fifth_avenue_close_owner_being_id2DeDGoejJph0Qc6dE1DK