CHFA honors Hudson's Bay as 2014 Retailer of the Year
November 5, 2013-- Furniture Today,
MISSISSAUGA, Ontario — Hudson's Bay, the Canadian department store arm of North America's longest continually operating company, has been named the 2014 Retailer of the Year by the Canadian Home Furnishings Alliance.
The company will receive the award at a gala dinner just before the opening of the 2014 edition of the Canadian Home Furnishings Market in January.
The Retailer of the Year award was established by the CHFA in 2001 to recognize exemplary models of excellence and community service by Canadian furniture retail businesses.
Hudson's Bay is the high-end department store banner of the publicly-held Hudson's Bay Company, which was founded in 1670 and is North America's longest continually operating company and one of the oldest firms in the world. The parent company also owns Home Outfitters in Canada and U.S. department store Lord & Taylor, and is in the process of acquiring another high-end retail icon, Saks Inc.
Hudson's Bay operates 90 stores in Canada, some 49 of which feature full furniture departments. In the fall of 2012, the company opened a new prototype store focusing on smaller scale and more contemporary product in downtown Vancouver. The concept's success led to national rollout that began earlier this year.
This year, Hudson's Bay - which until earlier this year and for the past two decades had been known simply as The Bay - revamped and refocused its furniture merchandising profile into three distinct decorating styles: classic, update and contemporary, with lifestyle rooms designed to demonstrate to the consumer how easy it is to pull a room together.
Also this year, the company published its first two Home Books, featuring the latest trends and colors, as part of a drive to be seen as fashionable destination for furniture.
Next year, Hudson's Bay will renovate its flagship store on Queen Street in downtown Toronto while upgrading its displays and merchandise flow in other locations. "Made in Canada and North America" will continue to be a key differentiator in its product assortment.
Mattresses are now sold in 79 locations across the country, with an assortment of top brands.
"With their growing brand status, new in-store transformation and their sustained commitment to the home furnishings industry, as well as being a great example of a business enterprise that generously gives back to the community, Hudson's Bay Company is a very worthy recipient of this coveted award," CHFA Chairman Laine Reynolds said in a statement.
Since 2005, the HBC Foundation has made significant donations to Canadian charities.
The gala dinner honoring Hudson's Bay will be held Jan. 10 in the Orion Ballroom of the International Centre.
For tickets or more information, contact CHFA President Murray Vaughan at (905) 677-6561 or by e-mail at firstname.lastname@example.org.
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