As The Bay struggled in post-Covid times, Zellers was brought in to help the store sales with a wave of nostalgia and product lines. However, the American owner of HBC had pretty much sold most things of value and so the oldest company in Canada was liquidated including the Zellers popups in Bay stores across Canada.
In receivership, leases and namesakes and anything of value are being sold off with oversight by the court. Canadian Tire bought The Bay name and key intellectual property for around $30 million. It is believed that they open parts of the business under The Bay name and sell things like Hudson Bay blankets.
But no one knew what was to come of Zellers. No mention was made whether it's name or intellectual property was sold. Now we know the answer. It was. A group associated with retailer Fairweather. The details on the new Zellers are few. It is in Edmonton's Londonderry Mall and around 60,000 square feet. But whether it has a grill, carries certain products and the like is a mystery.
No comments:
Post a Comment