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Retail expert: HBC, Canadian Tire could be in trouble next during pandemic

from CTV News

Retail expert: HBC, Canadian Tire could be in trouble next during pandemic CTV News The Hudson’s Bay Company (HBC) and Canadian Tire could be the next retailers to run into trouble during the COVID-19 pandemic, according to one expert who says the companies have failed to adapt to consumers’ evolving shopping habits even before the crisis began. Retail expert and author Doug Stephens says department stores, in particular, have been under a lot of pressure since physical stores were forced to close during the lockdown period in the spring and consumer spending dramatically fell. READ MORE

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