Hudson’s Bay Company (or: Qichenbi Company, Qishenbi Company, Gulf Department Store) Hudson’s Bay Company (OTCMKTS: HBAYF, TSX: HBC) was founded in 1670 and is headquartered in Brampton, Canada, with 65,000 full-time employees. A department store operator engaged in department store operations in Canada, the United States and Europe. It is the earliest commercial stock company established in North America and one of the earliest established companies in the world. Its subsidiaries include Hudson Bay, Galeria Kaufhof, Gilt , Home Outfitters, Lord & Taylor (Lord & Taylor), Saks Fifth Avenue (Saks Fifth Avenue).
Hudson’s Bay Company (HBAYF) :
The Hudson’s Bay Company was once the world’s largest landowner, and its Rupert land occupies a large area of North America. The former site of the company’s headquarters was located in the York factory on the Hudson Bay, and the company has controlled most of the fur trade in British North America for many years.
The Hudson’s Bay Company also undertook the early development and exploration of the North American continent, which used to be the actual government structure in parts of North America before the establishment of the European colonies. Its merchants and trappers have established cooperative relationships with many local aboriginal tribes, and its post network has gradually evolved into the official structure of Canada and parts of the western United States.
Hudson’s Bay Company is in Europe and the United States under Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Saks Fifth Avenue OFF 5TH, Find @ Lord & Taylor, Gilt, Home Outfitters, Galeria Kaufhof, Galeria INNO and Sportarena (store name) Engaged in the operation and management of department stores with Canada.
As of February 3, 2018 , Hudson’s Bay Company operated approximately 480 department stores. At the same time, the company also operated an e-commerce website.
Hudson’s Bay Company (HBAYF) history:
- The Hudson’s Bay Company sold Rupert Territory to the then newly formed Canadian Dominion on November 19, 1869, and the Canadian government officially took over the land on July 15, 1870. With the removal of its fur trade monopoly, the company entered the commodity market and sold daily necessities to new immigrants in Western Canada. Today, the company has become the most famous department store in Canada. The Hudson’s Bay Company Archives is located in Winnipeg, Manitoba, Canada.
- On January 26, 2006, the Hudson’s Bay Board of Directors unanimously agreed to Jerry Zucker’s bid for $15.25 per share (the original price was $14.24 per share), ending the long-standing dispute between the company and the Southern California billionaire shareholder. In a press conference on March 9, 2006, HBC announced that Jerry Zucker would replace George Heller as the new chairman and CEO. He became the company’s first American executive.
- In 2007, the Hudson’s Bay Company record became part of the “Memory of the World Project” under UNESCO. This record contains the history of the company since its establishment in 1670. It also contains transaction records, medical records, employee personal diaries, inventory records, company reports, etc. The HBC company record is considered to be one of the earliest records in modern history.
- On June 16, 2015, Hudson’s Bay Company acquired 103 Galeria Kaufhof chain stores in Germany and its headquarters in Cologne from Metro Germany for 3.36 billion Canadian dollars (2.8 billion euros) , as well as 16 Sportarena chain stores and 16 Galeria under its umbrella. Inno Belgium chain stores, logistics centers, warehouses and other properties.