Do You Want to See Macy’s Products in Mississauga?
Published February 6, 2017 at 4:46 am
In the past couple of years, we’ve heard our fair share of bad news about Canadian retailers closing their doors for good.
But while a few well-known national chains have folded–Danier, Smart Set, Jacob, etc.–a few others have grown and it looks like a Canadian retail staple is enjoying growth and eyeing a very big American department chain.
According to a recent Canadian Press article, Hudson’s Bay Company is reportedly moving in on Macy’s, a popular American retailer that Canadians can only enjoy when shopping south of the border.
According to the CP, HBC declined to comment on the matter after a Wall Street Journal report. The WSJ chatted with two anonymous sources who said the two companies were in preliminary talks for a takeover.
While both HBC and Macy’s opted not to comment on the rumour, a retail analyst told The CP that “where there’s smoke, there’s a fire” and that it’s “likely that HBC is after Macy’s extensive real estate.”
While it’s much too early to speculate on what a potential takeover would mean for the retail landscape in Canada, it’s fun to imagine a world where Macy products and lines are available closer to home.
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What do you think, Mississauga? Does this news sound exciting to you?
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