Hudson’s Bay struggles to find relevance amid falling department store sales
Bloomberg News
(Bloomberg)—When Sears Canada announced it was closing all of its stores in 2017, Hudson’s Bay Co. saw an opportunity: HBC’s Canadian department store chain would swoop in and snatch Sears’s customers. Managers gradually added mid-price apparel to stores from Nova Scotia to British Columbia and waited for sales to take off. The plan worked at first. […]