Hudson's Bay

from Wikipedia, the free encyclopedia
Hudson's Bay
legal form Division of the Hudson's Bay Company
founding 1670
Seat Simpson Tower , Toronto
Number of employees 31,700 (2014)
sales 5.6 billion euros (2014)
Branch retail trade
Website www.thebay.com

Hudson's Bay (French La Baie d'Hudson ) is a Canadian retail chain with 90 department stores in seven provinces of Canada and one of the main brands of the Hudson's Bay Company (HBC). From 1965 to 2013, the chain operated under the name The Bay (French La Baie ).

history

Flagship store in Downtown Toronto (2009)
Old logo from 1965 to 2013

HBC's first department store opened in Winnipeg in 1881 under the name of parent company Hudson's Bay Company . Gradually, more department stores were opened in western Canada , until department stores in Québec and Ontario were added in 1960 with the takeover of the Montreal -based trading company Morgan’s .

In 1965, the name The Bay , which had previously existed as a nickname, was adopted as the brand name for the department stores outside Québec and the marketing agency Lippincott was hired to create a suitable logo. In 1972 the branches in Québec followed.

The takeovers of Simpsons (1991) and Woodward's (1993) again increased the number of department stores.

In the 1990s and 2000s, The Bay, like many other department store chains, ran into increasingly financial difficulties. After the takeover of the parent company by the US investor NRDC Equity Partners , Bonnie Brooks was appointed CEO of the retail chain and an all-round renovation of the department stores was announced. In addition, some department stores were renamed Lord & Taylor , the new owner's brand in the high-price segment, which previously only appeared in the USA.

During the IPO in 2012, a rebranding of the retail chain was announced in order to highlight the company's historical roots. In March 2013 the new name Hudson's Bay / La Baie d'Hudson was officially introduced.

On June 15, 2015, Metro AG announced that it would sell the Galeria Kaufhof retail chain to Hudson's Bay Company for EUR 2.8 billion.

In September 2018 it was announced that the Hudson Bay Company wanted to bring the ailing department store chain Galeria Kaufhof into a joint venture with the Austrian Signa Holding , which had already successfully restructured the insolvent Karstadt department store chain in previous years. However, the merger had not yet been approved by the competition authorities at the time. The new joint venture between Signa and Hudson's Bay Company (HBC) would then be Galeria Kaufhof, Karstadt Warenhaus GmbH, the entire retail business of HBC Europe (Saks OFF 5TH, Galeria Inno in Belgium, Hudson's Bay in the Netherlands) and Karstadt Sports as well as the entire food and catering sector of both companies.

Web links

Commons : The Bay  - collection of images, videos and audio files

Individual evidence

  1. ^ Hollie Shaw: The Bay gets a new logo for first time in almost 50 years . In: National Post . March 13, 2013. Retrieved March 7, 2013.
  2. ↑ Our History . The Hudson's Bay Company. 2013. Retrieved March 7, 2013.
  3. ^ Hudson's Bay Company History . Government of Manitoba. Archived from the original on January 30, 2013. Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved March 7, 2013. @1@ 2Template: Webachiv / IABot / www.gov.mb.ca
  4. ↑ HBC Heritage - Canada's Merchants Since 1670 . The Hudson's Bay Company. 2013. Retrieved March 7, 2013.
  5. ↑ a b Handelsblatt . tape 104 , June 3, 2015, p. 22 .
  6. ↑ About Us. Hudson's Bay, accessed December 31, 2013 .
  7. ↑ HBC Heritage - Early Stores. (No longer available online.) Hudson's Bay, archived from the original on September 27, 2015 ; accessed on December 31, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.hbcheritage.ca
  8. ↑ HBC Heritage - Timeline. Hudson's Bay, accessed December 31, 2013 .
  9. ^ The Hudson's Bay Company unveils new logo for Canada's oldest department store. In: Toronto Star . March 6, 2013, accessed December 31, 2013 .
  10. ^ Bonnie Brooks taking over Bay chain. In: Toronto Star . August 5, 2008, accessed December 31, 2013 .
  11. ^ New logo, old name: The Bay returns to its roots. In: The Globe and Mail . March 6, 2013, accessed December 31, 2013 .
  12. ↑ Florian Kolf: Good Morning, Kaufhof! Handelsblatt, June 12, 2015, accessed on June 16, 2015 .
  13. ↑ Signa creates new department store giant Wiener Zeitung on September 11, 2018