David A
Senior Member
I had heard that during the worst of COVID the Bay was not paying rent, not sure which locations. I assumed they would have resumed paying once things opened up more, but perhaps they are in more trouble than we realize.
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- Thread starter Daveography
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Clearshades
Senior Member
Why would it be shocking? If you have a business and it is not generating funds a predicted, what do you think is the next step? Some people can't make their rent, fall behind, then built up a huge owing before having to vacate...it is normal for this to happen for personal or business.
NateTheUrbanist
Active Member
It would be a shock if the Bay is not paying its rent. The company considers the South Gate location to be the flagship location of Edmonton.
cmd uw
Active Member
AFAIK Hudson's Bay is paying rent at Southgate, however, they were in some hot water with some other well known landlords at other locations back in the fall 2020.
www.westerninvestor.com
Hudson Bay faces eviction for not paying rent
Canada’s oldest retailer faces eviction from Coquitlam mall and is in conflict with eight other landlords across Canada and in the U.S.
www.westerninvestor.com
Gronk!
Senior Member
Sporting Life opened on Nov 19
retail-insider.com
Sporting Life Announces Stores in Alberta and Quebec as it Expands Operations Nationally [Interview]
The upscale sports-focused retailer says that it plans to open about two locations each year as it becomes a significant national player.
retail-insider.com
Avenuer
Senior Member
Now Edmonton just needs a Decathlon somewhere! The only location west of Ontario is in Calgary at Southcentre.Sporting Life opened on Nov 19
Sporting Life Announces Stores in Alberta and Quebec as it Expands Operations Nationally [Interview]
The upscale sports-focused retailer says that it plans to open about two locations each year as it becomes a significant national player.
IanO
Superstar
That store was to have taken the new CWB podium (pre-CWB)... alas.Sporting Life opened on Nov 19
Sporting Life Announces Stores in Alberta and Quebec as it Expands Operations Nationally [Interview]
The upscale sports-focused retailer says that it plans to open about two locations each year as it becomes a significant national player.
Avenuer
Senior Member
At what point did they decide to scrap that plan and move to Southgate instead? March 2020?
EdmTrekker
Senior Member
The article provide a quote from the company CEO "We had a successful expansion in Calgary with our two stores in (CF) Market Mall and Southcentre (Mall)."
Clearshades
Senior Member
They were in trouble going back 20 years ago... despite acquiring some giant retailers in the last decade, The Bay was/is not a stable company.
IanO
Superstar
Pre-COVID...
Avenuer
Senior Member
There are rumors they will be closing the Kingsway and Londonderry locations within the next couple of years and just focusing on WEM and Southgate.
David A
Senior Member
I think because the Bay is one of the few department stores left, they don't have much competition and they had an extensive real estate portfolio that has helped them out a lot to stay afloat.
So, it may be a more gradual decline that say Eatons, but I too wonder about the future. If they have to keep closing locations, they will eventually either shrink themselves out of existence or become largely irrelevant.
Gronk!
Senior Member
The St Albert location will likely close before the Londonderry location.
Gronk!
Senior Member
Took a peek inside the Sporting Life store
There is an empty CRU next to the Sporting Life
The Bay escalator is still under construction
There is an empty CRU next to the Sporting Life
The Bay escalator is still under construction
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