|Hudson's Bay store, Winnipeg. Image: jefpit, Flickr|
In its prospectus, HBC's stated per square foot 'goal' for the next 3-5 years is $170-180 per square foot. That's not much more than the 2005 average. It's food for thought... we see amazing progress in Hudson's Bay's store renovations, yet we now question if the chain's performance is investment worthy or just a result of a better economy. We'll defer that answer to financial experts, and keep watching changes in store.
Hudson's Bay (Company) website: www.thebay.com