Dark Mode
Blogs
Canadian Tire says Canadians won’t have to wait too long to see the first changes to the Hudson’s Bay brand after its recent $30 million acquisition of the retailer’s intellectual property — including the iconic HBC stripes.
CEO Greg Hicks told investors that the public’s reaction has been “overwhelmingly positive” and that the company’s focus is on “being right rather than fast” when it comes to reimagining the heritage brand. The first “fun initiatives” are set to roll out in the fourth quarter of 2025, with a full product presence launching in the second half of 2026.
Canadian Tire bought the brand rights in June as part of Hudson’s Bay Company’s efforts to pay down about $1 billion in debt. While Hicks wouldn’t spill details on exactly what’s coming, he says the team is “excited to continue the HBC story.”
Financially, Canadian Tire saw revenue rise 5.2% year-over-year to $4.2 billion in Q2, though net income slipped to $188.3 million from $232 million.
Did you like this article?
Did you like this article?
Danny Ramirez, known for standout roles in Top Gun: Maverick and Marvel’s The Falcon and the Winter Soldier, is stepping into one of cinema’s most infamous roles: Scarface. But this won’t be a retelling of Brian De Palma’s 1983 classic — instead, Ramirez is going back...
What began as a heated political debate in Mexico’s Senate ended in chaos this week, as lawmakers clashed physically in front of cameras and stunned citizens. On Wednesday, Alejandro “Alito” Moreno, leader of the opposition Institutional Revolutionary Party (PRI), and...
Canada is experiencing a migration shift not seen in more than half a century. According to Statistics Canada, over 106,000 Canadians left the country permanently in 2024 — the highest number since 1967. And 2025 is already shaping up to be another record year, with...
Canada is experiencing a migration shift not seen in more than half a century. According to Statistics Canada, over 106,000 Canadians left the country permanently in 2024 — the highest number since...
Toronto residents can expect a winter that feels every bit as cold as usual — but with less snow than in past years, according to the Farmer’s Almanac 2025–2026 forecast. The long-range outlook...
New home sales in the Greater Toronto Area (GTA) have plunged to levels not seen in decades, sparking renewed concerns about the region’s housing market. According to a report from the Altus Group,...
0 Comments