Founded in 1670, HBC is North America's longest continually operating company and is headquartered in New York and Toronto. HBC is a holding company of investments and businesses that operates at the intersection of technology, retail operations and real estate. It wholly owns Saks Fifth Avenue, the entity that operates Saks Fifth Avenue's physical locations, O5, the operating company for Saks OFF 5TH stores, and Hudson's Bay, Canada's preeminent multi-category retailer. In addition to owning world-renowned brick and mortar operators that carry high-end brands and styles, HBC is the majority owner of iconic ecommerce companies: Saks, a leading online destination for luxury fashion, and Saks OFF 5TH, a premier luxury off-price ecommerce company offering top brands at the best prices. Both businesses were established as separate operating companies in 2021. The company has also expanded its holdings to include a majority stake in Convene, a hospitality company that designs and manages premium meeting, event, and flexible office spaces. With assets spanning top markets and prime locations across North America, HBC owns or controls—either entirely or with joint venture partners—approximately 42 million square feet of gross leasable area. HBC Properties and Investments, the company's dedicated real estate and investment portfolio business, manages these assets. Streetworks Development, its property development division, leads the planning and execution of projects that modernize HBC-owned properties to unlock value-enhancing opportunities across the portfolio.
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Columns5| Company | Markets | New markets | Momentum | Activity | Expansion score |
|---|---|---|---|---|---|
 Hudson's Bay CompanyYou | 1 | 0 | -100% | 2 | 32 |
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Ulta Beauty leases last storefront at 620 Sixth Ave, filling iconic Ladies' Mile address. Recent leases revitalize area, contradicting doom predictions.
Hudson's Bay will lay off over 8,300 employees by June 1, closing all stores and ending liquidation sale. Some staff retained for furniture sales and location closures.
Hudson's Bay, Canada's oldest retailer, files for creditor protection to restructure amid economic pressures and declining store traffic.
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