‘It was always a question of when, not if,’ David Ian Gray says of Hudson’s Bay Co.’s misfortunes
As the fate of Hudson’s Bay Co. is decided in a liquidation process overseen by the courts, one retail expert says this moment was a long time coming.
HBC’s misfortunes are tied to the company’s failure to be “entrepreneurial” after suburban growth stalled, specialized competitors appeared, the store lost exclusive brands and online shopping emerged, says David Ian Gray.
The principal of Port Moody-based retail consultancy DIG360 Consulting Ltd. said that with the company’s real estate and other assets currently being auctioned, this moment could mark the end of The Bay as we know it.
Even if a bidder acquires…
