The company’s namesake department store, Hudson’s Bay, offers fashion, accessories, home furnishings, and toys to consumers. According to a survey, Hudson’s Bay was the sixth most visited department store in Canada by consumers, and in 2019 there were reported to be 89 Hudson’s Bay stores worldwide. Whilst some major retailers are scaling back their physical stores in line with the rise of e-commerce and digitalization, there were a further 10 Hudson’s Bay stores opened in Amsterdam in 2017.
Other well-known luxury department stores in North America and Europe, operating under the Hudson’s Bay Company name, include Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Galeria INNO and Galeria Kaufhof. Galeria Kaufhof was the most popular department store in Germany in 2018, followed closely by Karstadt.
The entire Hudson’s Bay Company generated 9.38 billion retail sales in the 2018 fiscal year in Canadian dollars. In the same year, the company had a gross leasable square footage of 62.25 million square feet. When looking at the firm’s operating performance, Hudson’s Bay Company earned 338 million Canadian dollars in 2018 before interest, tax, depreciation and amortization (EBITDA), a drop from 636 million in 2016.
