The Bay at Coquitlam Centre is closed for failing to pay rent:
https://www.vancouverisawesome.com/vanc ... nt-2900141
https://www.vancouverisawesome.com/vanc ... nt-2900141
Nov 22nd, 2020 11:41 pm
Nov 23rd, 2020 12:15 pm
Nov 23rd, 2020 3:48 pm
Nov 23rd, 2020 5:14 pm
They want to break all their leases, through eviction, as a way of closing down their stores.zoro69 wrote: ↑HBC also gone in North york
"Hudson’s Bay store in North York closes after issues paying rent"
https://toronto.ctvnews.ca/hudson-s-bay ... -1.5200865
Nov 23rd, 2020 5:47 pm
You gotta love the mindset of the new owners ( Investment firm) of HBC. $ talks. More working Canadians out on the street.
Nov 23rd, 2020 7:02 pm
Nov 23rd, 2020 7:18 pm
"In a statement to CP24, a spokesperson for Health Minister Christine Elliott offered further clarification late Monday, noting that The Bay should not be allowing customers inside."SenatorsFan wrote: ↑ The Bay says they can remain open as they sell food in certain parts of their store and have a small grocery store in their basement. The provincial government says no they can't and say only department stores with a full grocery component like Walmart and Costco can remain open. Not to get too technical, but some Walmarts don't have a full-grocery component and only sell non-perishable food. Then again those same stores also have a pharmacy. l wonder if HBC will try and fight this in court too if the government tries to shut them down.
Nov 23rd, 2020 7:39 pm
The reason why I posted the link to that article is that it shows that HBC is clearly trying to mitigate their damages by attempting to stay open. I don't know offhand how much the fines are remaining open against public health advice but I wonder if HBC will see if staying open while being fined is cheaper than being closed altogether. If HBC wins this argument, things could messy really fast. Like you just said all sorts of stores the a couple food products could argue that they too can remain open and stores that don't sell food will start selling chocolate bars so they can also stay open. Then the lockdown orders become redundant.
Nov 23rd, 2020 7:49 pm
Even if they open, will they have customers?SenatorsFan wrote: ↑ The reason why I posted the link to that article is that it shows that HBC is clearly trying to mitigate their damages by attempting to stay home. I don't know offhand how much the fines are remaining open against public health advice but I wonder if HBC will see if staying open while being fined is cheaper than being closed altogether. If HBC wins this argument, things could messy really fast. Like you just said all sorts of stores the a couple food products could argue that they too can remain open and stores that don't sell food will start selling chocolate bars so they can also stay open. Then the lockdown orders become redundant.
I'm all for people trying to survive (especially small businesses) but HBC playing stupid doesn't make me want to shop there. How bad does one need to go out to HBC today to buy a $250 sweater? Surely you can order it online!
Nov 23rd, 2020 7:57 pm
That's the million dollar question: if they stay open will customers actually go against public health advice and visit? I'm sure some of them will side with HBC and say "If it's safe for me to shop at Costco then it's safe for me to shop at Hudson's Bay."
Nov 23rd, 2020 8:16 pm
Agreed.SenatorsFan wrote: ↑
I'm all for people trying to survive (especially small businesses) but HBC playing stupid doesn't make me want to shop there. How bad does one need to go out to HBC today to buy a $250 sweater? Surely you can order it online!
Nov 23rd, 2020 8:32 pm
But the government has to play fair or at least should play fair. Then again what constitutes 'fair' is subjective. This is hypothetical but how would the government be able to say with a straight face that HBC should stay open against lockdown orders but a small business in which the owners work 14 hours a day, 6 days a week can't? You could argue that HBC falling would have detrimental effect due to their size but I would counter that with saying that small businesses as a whole are Canada's largest employer. The government may allow HBC to have their ear but whether anything comes out of that remains to be seen. If the government would somehow allow HBC to remain open then there goes the lockdown!
Nov 23rd, 2020 9:04 pm
Nov 23rd, 2020 9:09 pm
Nov 23rd, 2020 9:24 pm
Nov 23rd, 2020 9:31 pm
Nov 23rd, 2020 9:37 pm
It's my understanding that the grocery store in the basement is renting space from them. While HBC hasn't come out and said it, I think their position would be "We're not going to unlock our doors so our tenant can do business and not us." Plus I'm sure the logistics of it wouldn't be easy either.
Nov 23rd, 2020 10:00 pm
I think Nintendo Switch is essential in this environmentSenatorsFan wrote: ↑ It's my understanding that the grocery store in the basement is renting space from them. While HBC hasn't come out and said it, I think their position would be "We're not going to unlock our doors so our tenant can do business and not us." Plus I'm sure the logistics of it wouldn't be easy either.
Walmart and Costco are at an advantage because you can buy products from them in store (like furniture, toys and clothing) because they have a full-grocery complement. I know in Manitoba, they've ordered stores like Walmart to not sell non-essential items. I can't imagine the arguments customers are having with cashiers as to what constitutes essential and non-essential.
Nov 23rd, 2020 10:04 pm
Nov 23rd, 2020 10:12 pm
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