Retail & Manufacturing

TORONTO — Hudson's Bay plans to sell up to 28 of its store leases to a B.C. mall owner who wants to launch "a new modern department store.

OTTAWA — Retail sales rose 0.8 per cent to $69.8 billion in March, helped by an increase in new car sales as Canadians looked to get behind a new set of wheels before tariffs started to raise prices.

Investors include textile executive Tim Gu and MEC's own executives Peter Hlynsky and Chris Speyer

TORONTO — With Canadian Tire poised to become the new home for Hudson's Bay and its brands, retail experts say the company will have to balance the integrity and heritage of the 355-year-old department store with the wealth of possibilities its forth

TORONTO — Hudson's Bay is getting a second life with a new owner — Canadian Tire Corp. Ltd. Canadian Tire said Thursday that it will pay $30 million for intellectual property belonging to the retailer, which is Canada's oldest company.

TORONTO — An Ontario court has extended Hudson’s Bay’s reprieve from the hundreds of businesses it owes money until the end of July.

TORONTO — A new court filing shows a process meant to find a new owner for Hudson's Bay and its assets has yielded 17 bids.

‘It was always a question of when, not if,’ David Ian Gray says of Hudson's Bay Co.'s misfortunes

Sales set to reach up to $7.4 billion this year after steady growth through the decades

Growth drivers were sales for glasses with progressive lenses, and contact lenses, which both have hefty profit margins