HBC’s deliberations behind the scenes come as executive chairman Richard Baker leads a $1.74-billion bid to take the company private amid mounting pressure from shareholders to improve performance.
Hudson’s Bay, the oldest company in North America, continuously reviews its portfolio of stores and is said to have begun mulling its options before the privatization proposal.
“I wouldn’t be surprised if HBC has been having these conversations for a long time,” Craig Patterson, director of applied research at the University of Alberta School of Retailing, told BNN Bloomberg in a phone interview.
Hudson's Bay is reimagining its digital experience with the launch of a new bilingual iOS app that features functionality for customers shopping online or in store.
"At Hudson's Bay, the customer is at the heart of everything we do and their input drove many of the developments of our new app," said Adam Powell, VP eCommerce, Hudson's Bay. "With mobile now exceeding desktop shoppers on thebay.com, the new app is fast, effective, and adds value, ultimately evolving our digital experience. In developing, we honed in on what would help make the Hudson's Bay shopping experience easier and more engaging, from start to finish, both online and in stores."
-Curated homepage featuring latest brands and new arrivals
-Scan product barcodes to search for additional styles and sizes and detailed product descriptions
-Purchase while in store and get fast, free delivery to home
-Track order shipments
Canopy Growth Corp.'s co-chief executive Bruce Linton, who grew the Canadian cannabis company into the largest in the world, is out, the firm said in an abrupt announcement Wednesday.
Since entering into an interim agreement earlier this year, the owner of the international Miniso brand in China (Miniso Group) has been working closely with the licensed operator of Miniso stores in Canada, Migu Investments Inc. and its related entities (Migu), to normalize and revitalize the Canadian operations.
Over the past three months, Miniso Group has supported the retail operations in Canada by supplying 100 containers of new stock with a value of $8.5 million. An additional 40 container loads of stock destined for retail stores is on route to Canada to ensure retail outlets have full inventory.
Miniso Group has also supplied $1.5 million in working capital in support of Migu’s Canadian operations. Miniso Group continues to work with Migu to develop a strategy to revitalize and grow the business in Canada.
In addition to increased online shopping, a study also suggests parents are making multiple in-person trips to find the best deals.
On the heels of a brand repositioning undertaken late last year, Sport Chek has unveiled a new ambassador-led program as part of its efforts to take a more inclusive approach to sport.
Kraft Heinz Co. has announced the closing of the previously announced sale of its Canadian natural cheese business to Parmalat. The purchase price is $1.62 billion CAD.
The agreement includes the Cracker Barrel, P'tit Québec and aMOOza! brands in the Canadian market. Under the terms of the transaction, Parmalat acquires Kraft Heinz's production facility in Ingleside, Ontario, relevant volumes of milk quotas and approximately 400 employees from the Ingleside facility. (Grocery Business Magazine)
Fast Retailing, the parent company of the fashion brands Uniqlo, Theory and Comptoir des Cotonniers, has become the latest industry player to tackle its plastic consumption.