Hudson’s Bay plans ‘immediate’ liquidation of entire business
- Thread starter Vinson
- Start date
Now the Bay says they were able to realize so much cash this week that they may be able to put together a plan to keep six stores open; including 3 in the GTA.
The stores in the GTA that could remain open are Yonge/Queen, Yorkdale, and Richmond Hill.
Hudson's Bay hopes to save six stores, begin liquidation process Monday
The stores in the GTA that could remain open are Yonge/Queen, Yorkdale, and Richmond Hill.
Hudson's Bay hopes to save six stores, begin liquidation process Monday
Highly doubt CT will fold...they have good products and don't restrict themselves to clothing, shoes and appliances...in fact they Cater to 4 seasons, they match pricing...they have outdoors items, have you seen a lot of Princess Auto opening stores? if they are thriving, so will Canadian Tire...IMO Winners GAP Laura Guess Pier 1...will go first... Canadian Tire is affiliated with Sport Check, Staples Mark's work Wear etc.
Let's hope they do it right.
- Fix the escalators.
- Stock the shelves and racks
- Hire staff to assist the customers
- Level up the housekeeping
- Define their target market and merchandise the stores accordingly
In other words, look like they're in business...
As my late grandfather used to say "You can't sell from an empty wagon."
-IMO they need to downsize and get rid of items that doesn't sell...How many brands of jeans do they have to sell? Keep it few...Levis, Polo Ralph Lauren and Hugo Boss should do it.
-Hire great looking ladies regardless of age...I used to see a lot of hot sales staff circa early 2000s....
-I find The Bay always clean...heck if I was in the mall...I go to the Bay washrooms I i need to....
-Give up the Make up and cosmetic Isles...Sephora has that market.
Have a lounge area or starbucks or 2nd cup inside the store...follow the Nordstrom / Holt Renfrew format.
Was their today. I was hoping their F1 clothing would be on sale, nope.
Lots of things on sale but still pricey. Maybe try again next week.
Kind of scruffed up a $ 700.00 smoking jacket some years ago when they forgot to take off the white security device and noticed it when I got home.
Was in a hurry to go to the company party and tried to get it off myself. Eventually had to rush to the Bay to get it off.
Apparently , the U.S. chief was good at real estate and lowering rent for the Bay locations but could not run a profitable retail business.
Was in a hurry to go to the company party and tried to get it off myself. Eventually had to rush to the Bay to get it off.
Apparently , the U.S. chief was good at real estate and lowering rent for the Bay locations but could not run a profitable retail business.
You can't compare Bay to Cantire. People actually shop at Cantire. Cantire also has easy return policy of 90 days.
Last time I bought anything from Bay was over 10 years ago and only because I had a promotional credit.
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Winners is thriving. They're not just a clothing store like GAP and Laura. Gap is only selling Gap labels. Winners doesn't sell just one label.
I'm not familiar with the legal process of bankruptcy but is it the legal system, the judge, that makes Hudson Bay keep these specific stores open? Or for that matter any stores open? And with so few stores remaining what are the chances of success now with limited buying power.
It is the judge who has the power to approve the restructuring plan, and allows them to keep the six stores open. He does not force them to.
Canadian Tire to restructure company for growth, will close some Atmosphere stores
TORONTO — Canadian Tire Corp. Ltd. is rolling out a new strategy that will see it invest $2 billion over four years to restructure the company for growth but will also mean the closure of some stores. The True North plan meant to usher in a new era for the Toronto-based retailer launched...
toronto.citynews.ca
Probably explains why certain brands such as Hugo Boss chose to pull all their merchandise back.
This has been a long time coming. HBC spent most of 2020 threatening suppliers with this kind of filing when supplier Accounts receivable depts called HBC accounts payable about collecting their post 90/180 day accounts receivable. IYKYK.
HBC threw their status as major dept store in supplier faces and threatened suppliers with creditor protection filings.
Company deserves to eat it and go the way of Eatons….the poorly stocked shelves have been broadcasting this for quite sometime. Retail 101.
shame about the employees - no getting around that. Sad.
couldn’t care less about the brand.
HBC threw their status as major dept store in supplier faces and threatened suppliers with creditor protection filings.
Company deserves to eat it and go the way of Eatons….the poorly stocked shelves have been broadcasting this for quite sometime. Retail 101.
shame about the employees - no getting around that. Sad.
couldn’t care less about the brand.
