Canada’s venerable 350-year-old Hudson’s Bay Company (for non-Canadian readers it’s comparable to Macy’s in the U.S.) is getting a new C.E.O. Her name is Helena Foulkes and she comes from CVS, a health-care company with about 9,700 pharmacies in the United States. Since January 2014, Foulkes was the company’s executive vice-president and president of subsidiary CVS Pharmacy. As a shopper, loyal Canadian and feminist I’m…
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Top 10 suggestions for Hudson’s Bay to survive
My love/hate relationship with The Hudson’s Bay Company (comparable to Macy’s in the United States) just took a turn. I want to scream “I told you so”. When I heard the news they’re laying off thousands of people in response to declining sales I felt an immense sense of sadness for the sales associates who work there at low wages and will be losing their…
Hello Saks, Goodbye Bay
They did it again. Another national retailer has made a major decision without consulting me first. #Hudson’s Bay Company has decided to relinquish their flagship Queen Street store in Toronto to their newly-acquired Saks. I would have thought that after Cadillac Fairview’s weird decision to put a Florida-style drive-through retail “mall” at Don Mills Road and Lawrence Avenue they would have learned their lesson. When…
How To Improve Sales At Hudson’s Bay
Hardly a week goes by without our various newspapers analyzing the changing retail scene – the introduction of Target, Ann Taylor, Nordstrom and other American giants into the Canadian market – and how the home-grown Canadian retailers are handling it, particularly Holt Renfrew and Hudson’s Bay. Has anyone talked to us – the consumer? I have a couple of very simple suggestions for Hudson’s Bay…