MISSISSAUGA, Ontario (01 November 2013) – Hudson’s Bay, the Canadian department store arm of North America’s longest continually operating company has been named the 2014 Retailer of the Year by the Canadian Home Furnishings Alliance (CHFA).
The company will receive the award at a gala dinner to be held immediately prior to the opening of the 2014 edition of the Canadian Home Furnishings Market.
The Retailer of the Year award was established by the CHFA in 2001 to recognize exemplary models of excellence and community service by Canadian furniture retail businesses.
Hudson’s Bay is the upper scale department store banner of the publicly-held Hudson’s Bay Company, which was founded in 1670 and is North America’s longest continually operating company and one of the oldest firms in the world. The parent company also owns Home Outfitters in Canada and Lord & Taylor, an upscale department store operating some 48 outlets across the north-eastern United States. The company is in the process of acquiring another high-end retail icon – Sak’s Inc.
Hudson’s Bay operates 90 stores across Canada, some 49 of which feature full furniture departments. In the fall of 2012, the company opened a new prototype store focusing on smaller scale and more contemporary product in downtown Vancouver.
The concept’s success led to national roll-out which began earlier this year.
This year, Hudson’s Bay – which until earlier this year and for the past two decades or so had been known simply as The Bay – revamped and refocused its furniture merchandising profile into three distinct decorating styles: classic, update and contemporary with life-styled rooms designed to demonstrate to the consumer how easy it is to pull a room together.
In early 2013, the company published its first-ever Home Book, featuring the latest trends and colours as part of a drive to be seen as fashionable destination for furniture. A second edition was published in September.
Next year, Hudson’s Bay will undertake major renovations to its flagship store on Queen Street in downtown Toronto while upgrading its displays and merchandise flow in other locations. ‘Made in Canada and North America’ will continue to be a key differentiator in its product assortment.
Mattresses are now sold in 79 locations across the country, with an assortment that covers the industry’s leading brands. The company has expanding its marketing efforts for mattresses, including the introductions of what the CHFA describes as “hugely success one day sales.”
“Over the years, Hudson’s Bay Company has helped move our industry to new levels of excellence. With their growing brand status, new in-store transformation and their sustained commitment to the home furnishings industry; as well as being a great example of a business enterprise that generously gives back to the community, Hudson's Bay Company is a very worthy recipient of this coveted award,” CHFA chairman Laine Reynolds said in a statement.
Since 2005, the HBC Foundation has made significant donations to Canadian charities across the country including Canadian Olympic Foundation and the Canadian Paralympic Committee; the Breast Cancer Research Foundation; Habitat for Humanity and the Canadian Red Cross.
Since 2006, foundation has been supporting Canadian athletes through various sport organizations and has donated over $35.5 million to help support athlete development, training and coaching.
The gala dinner honouring Hudson’s Bay will be held on the evening of January 10, 2014 in the Orion Ballroom of the International Centre.
Hudson’s Bay is the 13th recipient of the CHFA’s Retailer of the Year award. The 2013 honouree was Sears Canada and the first recipient was the late Tom Leon of Leon’s Furniture in 2002. Other prior recipients include Dennis Novosel of Stoney Creek Furniture and Bill Tepperman of Tepperman’s Furniture.
For tickets or more information, contact CHFA president Murray Vaughan at (905) 677-6561 or by e-mail at [email protected].