The retail sales of Hudson’s Bay Company, the Canadian retail business group, reached approximately 5.47 billion Canadian dollars as of the third quarter 2019. This represents a slight decrease compared to the retail sales of the same period a year earlier, which totaled 5.51 billion Canadian dollars.
Hudson’s Bay Company origins
The Hudson’s Bay Company was founded in 1670, making it the oldest company in North America. The company originated as a fur trading business after a wealth of fur was discovered to be accessible through the inland sea of Hudson Bay. As the fur trade lost importance in the following centuries, the company moved into retail and began opening department stores across Canada. As of February 2019,HBC operated over 300 multiple retail stores across North America such as The Bay, Saks OFF FIFTH and Home Outfitters. In early 2020, the company decided to go private and proceed to exit the Toronto Stock Exchange in March of that year.
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Business Wire. (December 10, 2019). Retail sales of Hudson's Bay Company from 2012 to 3rd quarter 2019 (in billion Canadian dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www.statista.com/statistics/436750/retail-sales-of-hudsons-bay-company/
Business Wire. "Retail sales of Hudson's Bay Company from 2012 to 3rd quarter 2019 (in billion Canadian dollars)." Chart. December 10, 2019. Statista. Accessed November 10, 2024. https://www.statista.com/statistics/436750/retail-sales-of-hudsons-bay-company/
Business Wire. (2019). Retail sales of Hudson's Bay Company from 2012 to 3rd quarter 2019 (in billion Canadian dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www.statista.com/statistics/436750/retail-sales-of-hudsons-bay-company/
Business Wire. "Retail Sales of Hudson's Bay Company from 2012 to 3rd Quarter 2019 (in Billion Canadian Dollars)." Statista, Statista Inc., 10 Dec 2019, https://www.statista.com/statistics/436750/retail-sales-of-hudsons-bay-company/
Business Wire, Retail sales of Hudson's Bay Company from 2012 to 3rd quarter 2019 (in billion Canadian dollars) Statista, https://www.statista.com/statistics/436750/retail-sales-of-hudsons-bay-company/ (last visited November 10, 2024)
Retail sales of Hudson's Bay Company from 2012 to 3rd quarter 2019 (in billion Canadian dollars) [Graph], Business Wire, December 10, 2019. [Online]. Available: https://www.statista.com/statistics/436750/retail-sales-of-hudsons-bay-company/