this post was submitted on 15 May 2025
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Canada

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[–] recursive_recursion@lemmy.ca 36 points 2 weeks ago* (last edited 2 weeks ago) (7 children)

Canadian Tire???????

huh I would've never imagined CT to buy Hudsons Bay


For non-Canadians, my shock comes from the fact that:

  • Canadian Tire (which is primarily known as the place where you get your tires changed and maybe buy home appliances) bought
    • Hudsons Bay (which is primarily a retail clothing and beauty company).

It's like an ice cream company buying a travel agency; it's not impossible, it's just quite shocking if it happens.


Edit:
Oh wow I didn't realize that CT already owned companies such as SportChek and Marks🤔 TIL.

[–] stealth_cookies@lemmy.ca 38 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

Canadian Tire already owns SportChek and Mark's, they are already in the clothing space.

I also take issue with the description of Canadian Tire, they are a department store focusing on automotive, tools, home and garden, kitchen, and sporting goods.

Their businesses aren't that drastically different, and it sounds more like they want the brand for a smaller range of goods using HBC stripes.

[–] 200ok@lemmy.world 8 points 2 weeks ago

I'm just glad it's staying in Canada

[–] OminousOrange@lemmy.ca 4 points 2 weeks ago

And Atmosphere.

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