Sold : Hudson's Bay Co.

Yesterday I visited the Bay on my lunch break to discover that almost everything is on sale! There are sales on jewelry, clothing, shoes etc. I only had about 45 minutes so I didn't get a chance to look at everything, but if you have an hour or two, it might be with the trip. Everything is kind of thrown all over the place. There are racks and racks of clothes scattered throughout the store. Kind of reminds me of Value Village hunting!

Just recently, the Bay was bought out by Lord and Taylor. They plan to open 10-15 stores across Canada. According to the National Post, none of the current stores (Bay, Zellers, Home Outfitters, or Fields) will be closed. Richard Baker will be taking over as chief executive of the HBC, Lord and Taylor, the jewelry chain Fortunoff and Creative Design Studios.

Baker plans to put 500 million dollars into the Hudson's Bay Trading Company. It will soon be more similar to Holt Renfrew. It is not certain yet whether Baker will keep the 338 year old Bay or convert it into a Lord and Taylor. I think that people would be sad to see such an old name disappear. On the other hand, maybe this is the only way it will survive. Department stores have definitely been at risk for some time. All we can do is wait and see what happens.

Until then, there are huge sales on everything. Many items are marked down 50% or more! If you get a chance this week it is definitely worth stopping by.


Check out the original National Post articl : Lord & Taylor owner buys Hudson's Bay Co.