Desperate for cash, HBC has been attempting Hail Mary passes with the sale of crown jewels among its real estate assets. So soon after the demise of Sears Canada and Target Canada, Hudson’s Bay Co., last of the traditional Canadian department store chains, appears to be in the kind of trouble from which most enterprises don’t recover. As any Hudson’s Bay shopper knows, the “retail experience” at what used to be called The Bay has not noticeably improved. Shedding the nine non-Hudson’s Bay chains would provide still more financing. And as the sole survivor among traditional Canadian department stores, Hudson’s Bay would capture at least some of the sales earlier directed to Sears Canada and Target Canada.

Source: thestar November 10, 2017 14:03 UTC