[nightstreak]

This is darn sad.

Hard to believe that there is no Canadian billionaires interested in saving The Bay. This store would do well as a Roots size business. Smaller stores selling Canadian clothing and housewares in major cities and malls. Terrible timing and a hit to Canadian culture to lose The Bay at this very specific moment. Ugh.

 

[Richard White]

Hard to believe that there is no Canadian billionaires interested in saving The Bay

What about that woman from BC?

 

[nightstreak]

What about that woman from BC?

She put Woodgrove Centre, her most successful mall in Nanaimo, on the market apparently to free up capital for the acquisition. My hunch is that any proposal she made was insufficient to be taken seriously by Hudson's Bay. There are 4 bidders for the company and 18 for the leases. I'm guessing Richard Baker is happy with selling the leases, buying back the IP (there was at least one inside bidder) and then reforming the company when the market rebounds, free of $1.1B in liabilities weighing him down now.

 

[ShonTron]

I wandered through the Queen Street store today. It was the busiest I’ve seen it in a long time. The store was picked clean of most of the staples like jeans (the only Levi’s left were “big and tall” like 48” waists, which I didn’t even know it carried), and mostly empty of socks, belts, underwear, and the like.

Liquidation there only started yesterday. But I wonder what was already cleared out and not restocked, or just completely raided. I haven’t been in the last few months.

 

[Richard White]

The store was picked clean of most of the staples like jeans (the only Levi’s left were “big and tall” like 48” waists, which I didn’t even know it carried), and mostly empty of socks, belts, underwear, and the like.

I ordered the last 3 pairs of Levi 512s in my size on their website today

 

[ShonTron]

Wandering through the HBC store today, I realized that there will be a long-term blockage of the PATH between Eaton Centre, Bay-Adelaide, and the Thomson Building/Sheraton Centre unless Cadillac Fairview decides to maintain the basement level for through passage, perhaps with temporary walls.

I remember going through the PATH before opening hours; the store was simply roped off on the basement level.

I don’t know how that gigantic space can be easily converted to other uses; I’d imagine there’s also money to be made maintaining the Arcadian Court event space as well.

 

[lenaitch]

This is darn sad.
View attachment 646774

Hard to believe that there is no Canadian billionaires interested in saving The Bay. This store would do well as a Roots size business. Smaller stores selling Canadian clothing and housewares in major cities and malls. Terrible timing and a hit to Canadian culture to lose The Bay at this very specific moment. Ugh.

Because they don't want to become millionaires?

Outside of the catchment area for the remaining store, The Bay lost its relevance to Canadians years ago. Even when we lived within reasonable distance to the Barrie store, most of the time when we were in the Georgian Mall we often didn't go into The Bay and often when we did we left empty-handed.

 

[Richard White]

Outside of the catchment area for the remaining store, The Bay lost its relevance to Canadians years ago. Even when we lived within reasonable distance to the Barrie store, most of the time when we were in the Georgian Mall we often didn't go into The Bay and often when we did we left empty-handed.

I concur.

The Bay hasn't had much worth buying in years. Not since the early 2000s have I considered The Bay somewhere worth shopping at for more than the odd specific item.

Other than things like Levis and Dockers there wasn't really much that I couldn't find cheaper elsewhere.

Why spend 300 on a kettle or coffee maker when I can buy it cheaper elsewhere?

 

[Bayer]

Why spend 300 on a kettle or coffee maker when I can buy it cheaper elsewhere?

Can you really buy this delightful toaster cheaper elsewhere?

 

[Richard White]

Can you really buy this delightful toaster cheaper elsewhere?
View attachment 646838

LOL

 

[Towered]

Can you really buy this delightful toaster cheaper elsewhere?
View attachment 646838

FIRST WORLD PROBLEMS.

 

[Towered]

This is darn sad.
View attachment 646774

Hard to believe that there is no Canadian billionaires interested in saving The Bay. This store would do well as a Roots size business. Smaller stores selling Canadian clothing and housewares in major cities and malls. Terrible timing and a hit to Canadian culture to lose The Bay at this very specific moment. Ugh.

The Bay is an institution of "Canadian culture"? I beg to differ.

 

[Richard White]

The Bay is an institution of "Canadian culture"? I beg to differ.

It was at one point but it became heavily americanized in recent years.

 

[just east of the creek]

The Bay is an institution of "Canadian culture"? I beg to differ.

Very mixed opinions on this one, probably mirrored by the Bays very complicated history over 355 years, and how we view that history in today's norms. Outside of our larger urban areas and our anglo saxon heritage (Broadly Speaking) the loss of the Bay is not upsetting. The Bay retreated from its roots in most of Canada by the 1980"s and its history is not really viewed in a favourable light by those resident in the 99% of Canada that is not urbanized.

 

[TossYourJacket]

She put Woodgrove Centre, her most successful mall in Nanaimo, on the market apparently to free up capital for the acquisition. My hunch is that any proposal she made was insufficient to be taken seriously by Hudson's Bay. There are 4 bidders for the company and 18 for the leases. I'm guessing Richard Baker is happy with selling the leases, buying back the IP (there was at least one inside bidder) and then reforming the company when the market rebounds, free of $1.1B in liabilities weighing him down now.

Richard Baker retaining any kind of ownership would be the only way this could possibly somehow get worse for the corpse of HBC.