Throwback Thursday is a weekly feature in which we dip into the archives of the Hardlines Weekly Report.
The Hudson’s Bay Co. has gone into receivership. The iconic Canadian retail brand is holding closing sales, trying to raise enough cash to save just six Bay stores. But 25 years ago, the chain was optimistic about its future, rolling out “a new look,” we reported in our April 10, 2000 edition of the Hardlines Weekly Report.
We quoted then-president and COO Marc Chouinard. He said that The Bay had a “clearer focus” on its target customer: the 35 to 55-year-old baby boomer. “And that means leaving the lower end to Wal-Mart,” Chouinard told a group of vendors at an annual meeting of the Canadian Hardware and Housewares Manufacturers Association (now the Canadian Home Products Trade Association) in Toronto.
