syn
Senior Member
Bad signs, but I certainly hope that isn't the case.
Most non-essential retailers have been struggling with COVID. Hopefully Hudson's Bay can come out of this in a somewhat decent position.
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Bad signs, but I certainly hope that isn't the case.
Most non-essential retailers have been struggling with COVID. Hopefully Hudson's Bay can come out of this in a somewhat decent position.
officedweller
Senior Member
From Business in Vancouver - "Who's getting Sued" - February 1, 2021:
Defendants
Hudson’s Bay Company ULC and HBC Canada Parent Holdings Inc. and HBC LP and HBSFA Holdings Ltd.
Plaintiffs
CBRE DHC Den Haag (Grote Marktstraat V) B.V. and CBRE DHC Maastricht (Grote Staat V) B.V. and CBRE DRET Custodian I B.V.
Claim
Damages for conspiracy and fraudulent conveyance arising from defendants’ improper transfer of assets to an entity incorporated in Bermuda to avoid more than €69 million in corporate guarantees owed to plaintiffs for department store leases in Netherlands.
biv.com
Defendants
Hudson’s Bay Company ULC and HBC Canada Parent Holdings Inc. and HBC LP and HBSFA Holdings Ltd.
Plaintiffs
CBRE DHC Den Haag (Grote Marktstraat V) B.V. and CBRE DHC Maastricht (Grote Staat V) B.V. and CBRE DRET Custodian I B.V.
Claim
Damages for conspiracy and fraudulent conveyance arising from defendants’ improper transfer of assets to an entity incorporated in Bermuda to avoid more than €69 million in corporate guarantees owed to plaintiffs for department store leases in Netherlands.
Who's getting sued: February 1, 2021
These corporate claims were filed with the BC Supreme Court registry in Vancouver. Information is derived from notices of civil claim.
biv.com
AlbertC
Superstar
HBC partners with Neo Financial to launch new Hudson’s Bay MasterCard
FEBRUARY 9, 2021
Canada’s oldest retailer is teaming up with one of the country’s newest financial technology companies to offer a new credit card.
The partnership between Hudson’s Bay Co. and Neo Financial announced Tuesday comes three months after U.S.-based Capital One said it was ending its relationship with HBC and Costco Canada in 2021.
Iain Nairn, president and CEO of Hudson’s Bay, says the new Hudson’s Bay MasterCard is part of the retailer’s “digital-first strategy” to improve the company’s digital offerings and customer experience.
He says the company has increasingly “digitally savvy” shoppers that will appreciate the new card’s digital applications, though customers will also receive a conventional plastic card.
Andrew Chau, co-founder and CEO of Neo Financial, calls the partnership the “next generation of credit card and retail innovation.”
He says it’s “symbolic” for the new financial company to partner with a retailer as iconic as HBC.
“It’s melding together this technology and the retail front of Hudson’s Bay to create one of the most advanced and rewarding credit cards and financial products in Canada,” says Chau, also a co-founder of food delivery service SkipTheDishes.
HBC partners with Neo Financial to launch new Hudson’s Bay MasterCard
The partnership between Hudson’s Bay Co. and Neo Financial announced Tuesdcomes three months after U.S.-based Capital One said it was ending its relationship with HBC and Costco Canada in 2021
www.theglobeandmail.com
Northern Light
Superstar
The Sak's idea is toast in favour of a new redevelopment proposal for the Montreal store.
While the heritage facades stay, much of the building would meet the wrecker's ball in favour of a 25-storey office tower.
The store would be radically downsized to 295,000ft2.
I think that's a sad idea for HBC
Not an appropriate size for a flagship store at all.
As to the development...........some positives on the restoration side; but to me, out weighed by tearing down so much.
www.retail-insider.com
The full planning application is here, via Retail Insider:
From said application: (again via R-I)
While the heritage facades stay, much of the building would meet the wrecker's ball in favour of a 25-storey office tower.
The store would be radically downsized to 295,000ft2.
I think that's a sad idea for HBC
Not an appropriate size for a flagship store at all.
As to the development...........some positives on the restoration side; but to me, out weighed by tearing down so much.
Downtown Montreal Hudson’s Bay Store Redevelopment Renderings and Plans Revealed
The store’s retail space will be downsized and renovated while a new office tower is added at the back end of the store.
www.retail-insider.com
The full planning application is here, via Retail Insider:
From said application: (again via R-I)
AlbertC
Superstar
Hudson's Bay launching online marketplace, adding third-party sellers to its website
March 4, 2021
Hudson's Bay Co. hopes to transform its website into Canada’s next online shopping marketplace in a bid to position itself as a premium, home-grown alternative to e-commerce heavy hitters like Amazon.
The company will open its website to third-party sellers starting later this month, adding hundreds of new brands and thousands of items to its online assortment of products at a time when pandemic restrictions have curtailed in-person shopping.
The new site will include electronics and sporting goods, pushing the retailer beyond tried-and-true categories like clothing and home decor as it seeks to attract and retain customers who increasingly demand a strong online presence.
Hudson's Bay launching online marketplace, adding third-party sellers to its website
Hudson's Bay Co. hopes to transform its website into Canada’s next online shopping marketplace in a bid to position itself as a premium, home-grown alternative to e-commerce heavy hitters like Amazon. The company will open its website to third-party sellers starting later this month, adding...
syn
Senior Member
^Great idea, as long as they maintain quality control.
Richard White
Senior Member
Hudson's Bay launching online marketplace, adding third-party sellers to its website
March 4, 2021
Hudson's Bay Co. hopes to transform its website into Canada’s next online shopping marketplace in a bid to position itself as a premium, home-grown alternative to e-commerce heavy hitters like Amazon.
The company will open its website to third-party sellers starting later this month, adding hundreds of new brands and thousands of items to its online assortment of products at a time when pandemic restrictions have curtailed in-person shopping.
The new site will include electronics and sporting goods, pushing the retailer beyond tried-and-true categories like clothing and home decor as it seeks to attract and retain customers who increasingly demand a strong online presence.
Hudson's Bay launching online marketplace, adding third-party sellers to its website
Hudson's Bay Co. hopes to transform its website into Canada’s next online shopping marketplace in a bid to position itself as a premium, home-grown alternative to e-commerce heavy hitters like Amazon. The company will open its website to third-party sellers starting later this month, adding...ca.finance.yahoo.com
This is the one thing that turns me away from Walmart and Best Buys websites. I can never find anything I need on them in and among all the third party sellers.
I can see this turning into an unmitigated disaster for HBC because quite honestly this so far beyond what they are known for that it won't work. This is not Eatons or Sears, the late 1800s to mid 1900s or a mail order catalog. Stick to what you know, not make yourself a one stop shop.
When I think of The Bay I think of Houseware, kitchenware, clothes and other related items. I do not think of sporting goods.
syn
Senior Member
On Bestbuy.ca there's a switch at the top of every search that allows you to show only Best Buy results.
I've never found it difficult to use.
I agree that adding product categories could be a problem for them.
Johnny Au
Senior Member
Hudson's Bay also sells toys in their dedicated sections.
syn
Senior Member
"Although it will very much be a vast assortment, it will feel curated," said Adam Powell, senior vice-president of omni customer experience.
"We're not going to approach it in the same way that Amazon or Walmart would, which is 'absolutely everything goes' with little consideration other than having as many products as possible."
"It'll be a real natural extension from our existing business, and it'll still be very much in keeping with the types of areas and quality that we want to portray with our customers."
"We're not going to approach it in the same way that Amazon or Walmart would, which is 'absolutely everything goes' with little consideration other than having as many products as possible."
"It'll be a real natural extension from our existing business, and it'll still be very much in keeping with the types of areas and quality that we want to portray with our customers."
Hudson's Bay launching online marketplace, adding third-party sellers to its website
Hudson's Bay Co. hopes to transform its website into Canada's next online shopping marketplace in a bid to position itself as a premium, home-grown alternative to e-commerce heavy hitters like Amazon.
www.ctvnews.ca
AlbertC
Superstar
Hudson's Bay online marketplace will feature more than 500 third-party sellers
UPDATE: March 22, 2021: Noting that "online shopping has more than doubled in Canada over the past year," Hudson's Bay on Monday said that its new marketplace on thebay.com will feature more than 500 sellers by the end of the year. Categories will include sports and recreation, tech, pets, health and wellness, and vintage designer handbags and watches, according to a company press release.
Dive Brief:
- As retailers find ways to adapt to a more digital-focused world, Hudson's Bay on Tuesday announced that the retailer is launching an online marketplace, according to a company press release.
- The department store put a call out for Canadian vendors to become part of its seller community in apparel, home, beauty or accessories. The retailer is also considering new lines of product offerings.
- The marketplace will launch on thebay.com later in 2021, per the release. Potential sellers can fill out a marketplace application form.
Hudson's Bay online marketplace will feature more than 500 third-party sellers
The retailer initially put a call out for Canadian vendors to become part of the digital initiative as it prepped to enter the space in February.
AlbertC
Superstar
HBC, RioCan to build 25-storey tower at downtown Montreal store
Apr. 12, 2021
HBC and RioCan (REI-UN-T) are about to expand their six-year-old partnership on several Canadian properties, announcing they will move ahead with the redevelopment of HBC’s downtown Montreal property into a 25-storey office tower.
The mixed-use redevelopment will include construction of an office tower of approximately one million square feet and the transformation of Hudson’s Bay’s existing retail space. HBC is finalizing details of the project with the City of Montreal and other stakeholders.
HBC, RioCan to build 25-storey tower at downtown Montreal store
HBC and RioCan (REI-UN-T) are about to expand their six-year-old partnership on several Canadian properties, announcing they will move ahead with the redevelopment of HBC’s downtown Montreal property into a 25-storey office tower. The mixed-use redevelopment will include construction of
renx.ca
Northern Light
Superstar
HBC, RioCan to build 25-storey tower at downtown Montreal store
Apr. 12, 2021
HBC and RioCan (REI-UN-T) are about to expand their six-year-old partnership on several Canadian properties, announcing they will move ahead with the redevelopment of HBC’s downtown Montreal property into a 25-storey office tower.
The mixed-use redevelopment will include construction of an office tower of approximately one million square feet and the transformation of Hudson’s Bay’s existing retail space. HBC is finalizing details of the project with the City of Montreal and other stakeholders.
HBC, RioCan to build 25-storey tower at downtown Montreal store
HBC and RioCan (REI-UN-T) are about to expand their six-year-old partnership on several Canadian properties, announcing they will move ahead with the redevelopment of HBC’s downtown Montreal property into a 25-storey office tower. The mixed-use redevelopment will include construction of
I first noted this (courtesy Retail-Insider) back in February..........unfortunately, it would mean a radical downsizing of the Montreal store.
AlbertC
Superstar
Looks like we'll have to start removing the Topshop connection from this thread title:
retail-insider.com
TopShop to Exit Hudson’s Bay and Shut All Stores After 10 Year Run in Canada
TopShop to Exit Hudson’s Bay and Shut All Stores After 10 Year Run in Canada
The closure of Topshop and Topman shop-in-stores will require HBC to strategize a substantial amount of space in many of its stores.
retail-insider.com
TopShop to Exit Hudson’s Bay and Shut All Stores After 10 Year Run in Canada
AlbertC
Superstar
Hudson’s Bay Downsizing Iconic Downtown Calgary Flagship Store to 3 Retail Floors
June 2, 2021
retail-insider.com
June 2, 2021
Hudson's Bay Downsizing Iconic Downtown Calgary Flagship Store to 3 Retail Floors
The 7 level building will will only be partially occupied by retail as HBC converts its downtown real estate to mixed-use.
retail-insider.com