Hudson\u2019s Bay Case Study Notes.docx - Hudson\u2019s Bay Case Study Notes Beloved in the Canadian retail landscape because of its rich Canadian heritage o

Hudsonu2019s Bay Case Study Notes.docx - Hudsonu2019s Bay...

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Hudson’s Bay Case Study Notes Beloved in the Canadian retail landscape because of its rich Canadian heritage o Faced significant pressure from investor land &buildings investment management (LBIM) after recording a 201 million dollar loss in the second quarter of 2017. o Failure to monetize its real estate assets LBIM alleged that HBC was withholding information about a potential offer from management to take the company private o HBC responded by focusing on cost cutting measures, including 2000 jobs in June 2017, and the renewal of its interest in e-commerce portfolio. o HBC’s efforts were not doing enough which saw CEO Gerald Storch to step down Canadian retail market -> increasingly pessimistic for a brick-and-mortar department store. Humble Beginnings: Oldest retailer in the Canadian market. Started as a fur trading company in 1670. Began its transformation into a department store retailer in the early 20 th century, with a modernization program in 1912 which put stores in Calgary, Edmonton, Vancouver,
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