Quote:
Originally Posted by Wormius
I think what the Bay is doing well is that it knew that it was unique and created a usable online shopping experience. They can cater to a market that nobody quite fills yet with mid to high end goods. There are likely other reasons relating to their real-estate profile; I was shocked to see them in Amsterdam sitting on a very nice piece of property.
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HBC is a different beast as they own Saks Fifth Avenue, Lord & Taylor, Home Outfitters, and bought a bunch German, Belgian, and Dutch department stores recently which were all dying (their version of Sears?). They are slowly transitioning upmarket like Nordstrom. I wonder if shedding Zellers was good for them as they have mall anchors in places where luxury doesn't work.
I guess in Canada there is also Simons. What is that? A French Canadian Bay that is a little more up-market and more fashion focused?