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submitted 4 days ago* (last edited 4 days ago) by morbidcactus@lemmy.ca to c/canada@lemmy.ca

Experts say that Hudson's Bay had been in decline long before then, some tracing its issues back to its 2008 acquisition by the American investment firm NRDC Equity Partners, and saying that the company's new ownership prioritized its real estate over a cohesive retail strategy.

Emphasis mine.

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[-] wampus@lemmy.ca 2 points 2 days ago

Should pivot into being Amazon like, with the current dept stores shrunk in number and converted into primarily distribution / fulfillment centres. Block/tax Amazon to allow local options to compete/enter the market.

Ride the pro Canada / anti American wave.

[-] HellsBelle@sh.itjust.works 22 points 4 days ago

Anyone with any knowledge of private equity knew this would happen. PE buys a business, sells off all the profitable bits, then leaves the rotting corpse for governments to clean up.

HBC engineered its own demise.

[-] Yoga@lemmy.ca 11 points 4 days ago

I should probably use the gift card I've been sitting on for a long time.

Problem is, everything there is overpriced crap.

[-] OminousOrange@lemmy.ca 2 points 4 days ago

I've got a Home Outfitters one still...

[-] AfricanExpansionist@lemmy.ml 7 points 4 days ago

Wait until you see what's going on with their Bed Bath and Beyond court case

[-] Atelopus-zeteki@fedia.io 6 points 4 days ago

I saw NRDC, and read Natural Resources Defense Counsel, but it's National Realty & Development Corp.

[-] adespoton@lemmy.ca 8 points 4 days ago

Yup. They’re in it because they now own all the real estate. The business wasn’t important.

this post was submitted on 14 Mar 2025
23 points (100.0% liked)

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