Home Outfitters Closing Sale YMMV RedFlagDeals com Forums

Table of Content

• Hudson's Bay Company Teardown Continues With Closing Of Home Outfitters, 20 Saks Off Fifth Stores
• [Sportchek] 30% off Everything - closing sale - Calgary Stephen Avenue Location only
• [townmoto] 25% off Remaining Stock - Closing Sale Motorcycle Gear and Apparel
• How a Small Retailer in the BC Interior Amassed Over a Million Social Media Followers in 4 Months
• [Hot Topic] Closing Sale at Fairview Mall Toronto

Your Saved Sales list is an easy way to return to sale listings which are of interest to you. All 37 remaining stores were phased out in July 2019. Home Outfitters (known as Déco Découverte in Quebec; originally called Bed, Bath & More) was a Canadian retail home decor chain, owned by Hudson's Bay Company, that sold bedding, towels, housewares, and other home accessories. The content on this website is protected by the copyrights of Retail Insider Media Ltd. or the copyrights of third parties and used by agreement. The luxury fragrance brand, known to have limited distribution, has opened its third Canadian storefront in a historic building.

As well, Nordstrom Rack entered Canada in the spring of 2017 when its first store opened at Vaughan Mills in Toronto’s suburbs. Nordstrom Rack now operates six stores in Canada with three in the GTA and individual units in Edmonton, Calgary and Ottawa. As many as 15 Nordstrom Rack locations are expected to be in operation in Canada by the end of its multi-year expansion. Most of Home Outfitters’ stores are in markets that are also served by Hudson’s Bay stores. Furniture offerings will continue to be in those Bay locations.

Hudson's Bay Company Teardown Continues With Closing Of Home Outfitters, 20 Saks Off Fifth Stores

According to Home Outfitters’ website, the chain stocks popular brands such as Le Creuset, RICARDO, Calvin Klein bedding, and mattress-in-a-box brand Casper. As a result of the closure, brands will lose a key distribution network, though there is also considerable crossover with offerings at Home Outfitters and at larger Hudson’s Bay stores that offer home furnishings. HBC came under scrutiny in November when activist investor Land and Buildings Investment Management LLC. Called out the board for failing to take decisive action to unlock value for shareholders. The Hudson’s Bay Company has announced that it will shutter its chain of Home Outfitters stores in Canada this year.

Saks OFF 5TH already has a considerable amount of competition in Canada. TJX banners Winners, Marshals and HomeSense have been expanding in Canada and as per its name, Winners has come out on top with an impressive 271 stores in Canada. US -based Marshalls, which entered the Canadian market in 2011, now has 88 stores in Canada. Off-price home furnishings retailer HomeSense has 125 stores in Canada.

[Sportchek] 30% off Everything - closing sale - Calgary Stephen Avenue Location only

The workers didn't seem to really know prices, as they said the liquidators have just been slashing like crazy since they're closing in July. HBC is spending some $250 million to renovate and remodel its Saks flagship on Fifth Avenue in New York City even while it closed down a smaller satellite location in lower Manhattan last year. HBC says not to worry, since home customers from most of the shuttered stores can still shop at a nearby Hudson’s Bay outlet. While this may be both geographically and theoretically accurate, there’s no question that HBC stores do not have the depth and breadth of a typical Home Outfitters stores and certainly much of that business will migrate elsewhere. Founded in 1999, Home Outfitters currently has three stores in Toronto. According to HBC, the closures will take place sometime this year, joining the ranks of Payless Shoes as another chain to fold in Canada.

Mortgage Rate Finder Find the best mortgage rates and see what’s available on the market now. Mortgage Calculator Figure out your potential monthly payments and more with our mortgage calculator. In a statement, HBC CEO Helena Foulkes said, "Further streamlining our retail portfolio enables even greater focus on our businesses with the strongest growth opportunities."

[townmoto] 25% off Remaining Stock - Closing Sale Motorcycle Gear and Apparel

The 20-year-old home decor store has seen increased financial losses, including a net loss of $164 million in the last quarter alone. Say goodbye to Home Outfitters locations—all 37 of them nationwide.

The Canadian brand selling appliances, patio furniture, and all sorts of home furnishings is no more, announced parent company Hudson's Bay Co. today. Sign up for the EstateSale.com email notifications and we will let you know about sales in your area! You may set up alerts by area , keywords, and by company. It is FREE and only takes a few seconds to sign up. The Bluenotes in Fairview Mall is closing down and putting everything on sale.

Forever21 store at Yonge & Dundas is closing, and it is now having a 75% off entire store sale. First time posting, I did a search and did not see anyone mention this. Winners anticipates opening eight more Winners stores this year, and Marshalls is aiming to open about 10 stores in Canada in 2019 as well. HomeSense plans to open 12 stores in Canada this year and all three banners could see as many as 30 new locations open nationwide in 2020.

Some landlords are repurposing some larger vacated retail spaces by adding new retailers, food halls and food markets, fitness centres, and even schools. Some larger boxes have been reconfigured for multiple tenants, while others have been demolished for redevelopment. Selling Saks Fifth Avenue and Lord & Taylor as well as HBC’s remaining stake in its European business, could result in a doubling or even tripling of the share price of the HBC, according to the activist investor. HBC is also reevaluating its chain of 133 Saks OFF 5TH stores, which are struggling financially. About 20 Saks OFF 5TH stores are expected to be closed in the US in an effort to increase profitability. Never quite understood the market for these mega stores.

Some landlords will struggle to fill vacated Home Outfitters locations, which span between 28,000 square feet and 81,000 square feet, averaging approximately 35,200 square feet each. This week, Payless ShoeSource announced that it was closing all 248 Canadian stores after the company’s bankruptcy, and Lowe’s is in the process of closing 27 stores under its Rona banner in Canada. Other smaller format chains such as Town Shoes have also recently closed stores. The large size of Home Outfitters locations is similar to Future Shop, which was shuttered by parent company Best Buy in March of 2015. That was around the time that Target began closing its 133 Canadian stores as part of a national pullout. About a year ago, as well, Sears Canada closed all of its Canadian stores.

After a late start entering the Canadian market, Bed, Bath & Beyond now operates 59 stores in the country and will likely be a beneficiary of Home Outfitters’ demise. Other retailers, from Walmart Canada to Canadian Tire, all service similar merchandising categories and stand to pick up some business as well. Online auction of store fixtures and remaining retail items to follow the in-store sale. If you would like to receive notifications about the upcoming sale, please click the button below.

In fact last year Nordstrom announced it was slowing down the expansion of its Off the Rack division as, for the first time, the company’s traditional department stores saw better growth than it had in off-price. All 37 Home Outfitters locations will close in Canada, representing more vacant retail space that landlords will have to deal with, at a challenging time when other chains have also announced store closures. Home Outfitters employs nearly 700, and it’s not yet known how many may be transferred to other HBC banners. Home Outfitters was founded in 1999 selling categories including housewares, small appliances, bath accessories, bedding, furniture and home decor. For HBC, the latest shutdowns are part of the ongoing process to scale back a company that expanded wildly, piling on debt, not to mention an inordinate amount of physical store locations.