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Hudson Bay Company
Transcript of Hudson Bay Company
& Tina Mac Company Information Brief History Size of the Company The Facts Recent Events The Scope Thank You for your time Mission Statement Altered Image (Tailored Clothing)
The Bay Optical (Eye wear Products)
Insurance Programs( life, health and dental, accident, pet travel)
HBC Rewards Program (Master card)
Shipping In the beginning, HBC mainly operated around the shores. Annually, the Natives would bring furs to trade for manufactured goods (knives, kettles, blankets). Around the late 18th century HBC has started expanding to the interior of the land due to competition.
By 1881 the first HBC department store was opened in Winnipeg.
In the end of the 19th century, customers no longer have interest in the buying of fur which caused HBC to change their focus by changing their trading posts into sale shops and transportation posts. Hudson Bay Company is Canada’s oldest retailer. Along with general retailers in Canada, HBC continues to lead its next-closest competitor, Sears, in terms of annual sales. In 2003, HBC posted revenues of $7.4 billion and reported close to 70 000 employees.
Consolidated Financial statements for the year 2006 states that through the other retailers that are under them which include : Zellers, Home Outfitters, The Bay and Field Hudsons Bay recorded a revenue of $6’946,150 . Which is a decrease from the previous year when the revenue made was $7’069,736.
The Hudson Bay Consolidated Financial statements for the year 2006 states that through the other retailers that are under them which include : Zellers, Home Outfitters, The Bay and Field Hudsons Bay recorded a revenue of $6’946,150 from the retailers listed above. Which is a decrease from the previous year when the revenue made was $7’069,736. The Hudson Bay Company started out as a fur trading business for much of its existence, However, today Hudson's Bay Company owns and operates retail stores throughout Canada and the United States including Hudson's Bay (formerly The Bay), Zellers, Home Outfitters and Lord & Taylor. The company head office is in the Simpson Tower in Toronto, Ontario.
The Hudsons Bay Company is known to be Canada oldest retailer primarily specialized in fur trade Hudson’s Bay Company files for IPO
A successful offering would put some control of North America’s oldest private enterprise back in Canadian hands, but softer market conditions from global economic uncertainty could still derail the deal.
The Toronto-based retailer would probably sell 20% of itself, one person said.
Retail competition is poised to increase in Canada as Minneapolis-based Target, the second-biggest U.S. retailer, opens 125 to 135 stores in the country in 2013 and Seattle-based Nordstrom opens the first of what may be nine locations in 2014.
Mr. Baker has sold off the bulk of Zellers’ leases to Target for a whopping $1.8-billion, cut jobs, and dramatically refurbished the Bay’s 91 retail locations across Canada.
The Hudson Bay Company has lost many assets and is losing shares of its smaller retailers to American investors
HBC's ownership deceives Canadians over Zellers deal with Target
Hudson’s Bay Company (HBC) has most recently announced its subsidiary Zellers Inc. is selling up to 220 leasehold interests to Target Corp. (TGT-N) for $1.825 billion.
Such U.S. take-overs bring with them the harsh American corporate culture into Canada. Such take-overs undermines Canadian cultural and economic sovereignty. Clothes (men, women and children clothing)
Beauty Supplies (makeup, fragrance, skincare
Home Products (Bed, Kitchen, Electronics, Bathroom) Products Services Corporate responsibility is woven throughout every area of our business. We are committed to promoting and enhancing sustainable
business practices that meet ethical and legal regulations, operating in an environmentally-conscious manner and sourcing merchandise in
adherence to strict professional standards.
our people drive our success ensuring our Associates are engaged, recognized and treated fairly is of utmost importance to us. The Frenchmen, Radisson and des Groseilliers, has first discovered the great amount of accessible fur at the Hudson’s Bay and decided to connect with Prince Rupert to establish the HBC.
In May 2, 1670, HBC got granted a charter to Prince Rupert to create the Hudson Bay Company. It's full name is "The Governor and Company of Adventurers of England trading into Hudson’s Bay."
HBC it is the only company at that time who does the trading of fur in Rupert’s Island.
The charter have also made HBC the owner of Rupert’s Land and it wasn’t until 1869 that HBC gave the land back to the crown.