If you want to see how bad a takeout could be, look no further than any Sears. How pathetic are their stores right now? Ancient fixtures, bad merchandise. How do these guys even make rent?
HBC is quite good for certain things IMHO. They still carry a lot of brand name clothes and have great sales so that I still do shop frequently there.
So fine, from a actually shopping point of view it may not make that much of a difference but the impact I think is more symbolic. An institution of Canada has been sold to foreign investors. Imagine if the RCMP outsourced it's Musical Ride to the Conklin Midway? Or if CN & CP Rail were sold to Union Pacific and renamed that.
Just another hit against the Canadian identity.
Zellers was always crap and I would expect that to be sold by Zucker - competition by Walmart is killing that division. I've never understood the hype around Target - they seem to look just like Zellers! Do they sell better brands or something?
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