Quote:
Originally Posted by Wigs
I heard on CBC radio that even the downtown Toronto flagship has a broken escalator.
A supplier of paper rolls for debit machines from Thunder Bay is owed $80,000 as just one example of the chain not paying its bills.
What a disgrace. Decades of lack of maintenance, failure of reinvestment, poor management and then stripped and sold for parts by an American equity firm.
Good grief
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But hey, the share holders had a great month that time HBC sold most of its real estate! That makes it all worth it!
Quote:
Originally Posted by TorontoDrew
I could see them saving the Montreal location as well. It's the oldest location ( I think). I wonder if these large department stores could be repurposed into buildings that can house several different local retailers. My obvious fear for the Toronto location would be a 75 storey condo tower using the original building as it's podium.
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The Montreal location was a Morgan's before. HBC opened in the building in 1972. Similarly, the Ottawa location was local Freiman's until 1972, and rebranded HBC in 1973.
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