How Hudson’s Bay — and Canada — Is Not Immune to the U.S. Late-Cycle Retail Market

As the secular market is turning, the U.S. is locked in a “retailapocalpyse”. However, the Great North isn’t immune to these same late-cycle dynamics, as the Hudson’s Bay Company signalled this year. (Source: Can Pac Swire)

The Hudson’s Bay Company (HBC) closures represent a contraction in its business plan after the company underwent an overly optimistic expansionary phase. Late-cycle market dynamics…

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