this post was submitted on 15 May 2025
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Canadian Tire???????
huh I would've never imagined CT to buy Hudsons Bay
For non-Canadians, my shock comes from the fact that:
It's like an ice cream company buying a travel agency; it's not impossible, it's just quite shocking if it happens.
Edit:
Oh wow I didn't realize that CT already owned companies such as SportChek and Marks🤔 TIL.
Canadian Tire already owns SportChek and Mark's, they are already in the clothing space.
I also take issue with the description of Canadian Tire, they are a department store focusing on automotive, tools, home and garden, kitchen, and sporting goods.
Their businesses aren't that drastically different, and it sounds more like they want the brand for a smaller range of goods using HBC stripes.
I'm just glad it's staying in Canada