Hudson's Bay

Primaris to Sell $41.8 Million Stake in Kingston’s Cataraqui Centre Amid Portfolio Reshaping

Craig Patterson -
Primaris REIT has agreed to sell its 50% managing interest in Kingston's Cataraqui Centre for $41.8 million. The transaction follows its acquisition of Upper Canada Mall in Newmarket, signalling change.

Who Shopped HBC’s Women’s Floor, and Where They’ve Gone

Retail Insider -
New Environics Analytics research examines Hudson’s Bay’s affluent women’s clothing shoppers, their spending habits and the retailers attracting them.

Levi’s Canadian Retail Strategy Takes Shape After Hudson’s Bay Closure

Lee Rivett -
Levi's adapts its Canadian retail strategy after Hudson's Bay, balancing stores, Walmart, Mark's and Holt Renfrew as global wholesale sales grow.

Scarce Retail Space Gives Canadian Landlords New Leverage

Craig Patterson -
Canada’s tight retail real estate market is shifting negotiating power toward landlords as limited construction and high occupancy constrain available space. JLL, Primaris, RioCan, McDonald’s and Empire executives discuss the implications, including the temporary opportunity created by former Hudson’s Bay locations.

Q3 2026 Real Estate & Leasing: Strong Leasing Faces the Test of Delivery

Craig Patterson -
Canadian retail property conditions remained selective during Q3 2026, with near-full necessity-oriented portfolios contrasting with major former department-store vacancies. The report examines leasing spreads, committed occupancy and redevelopment requirements, focusing on the capital and execution needed to produce open, rent-paying space.

Square One Reshapes Retail Mix with New Tenants

Craig Patterson -
Square One in Mississauga is seeing a major tenant refresh as Tiffany prepares a standalone boutique, Rolex expands, and SUPER MINISO, POP MART, LEGO, Flying Tiger Copenhagen and other retailers move in.

Canada’s Retail Market Is Polarizing. Where Does That Leave the Middle?

Retail Insider -
Canada’s retail market is increasingly polarized between value and premium. Linda Farha examines why differentiation, positioning and a clear customer proposition are becoming critical for retailers caught in the middle.

Central Walk Details Redevelopment of Former Bay Spaces at Woodgrove and Mayfair

Craig Patterson -
Central Walk owner Ruby Liu details plans for 310,000 square feet of former Hudson’s Bay space at Woodgrove  Centre in Namaimo and Mayfair Centre in Victoria, including H Mart, Haidilao and TM Wander.

Primaris Raises $200M With More Than $1B in Canadian Mall Acquisitions Under Negotiation

Craig Patterson -
Primaris is raising $200 million in new equity while negotiating more than $1 billion in potential mall acquisitions. The financing adds capacity as the REIT continues buying major Canadian shopping centres from institutional owners and expanding its national portfolio.

Canada’s retail vacancy rate expected to remain elevated as market absorbs Hudson’s Bay closures

Mario Toneguzzi -
The Hudson's Bay closures had a significant impact on Canada's retail market in 2025, with vacancy at shopping malls rising from three per cent to eight per cent in the second quarter of that year.

35 Years Since Simpsons Disappeared: The Story of a Canadian Department Store Icon

Craig Patterson -
Thirty-five years after Simpsons disappeared, a look back at the department store’s rise, HBC takeover, St. Regis Room, Queen Street flagship and 1991 end.

Cargojet Sees E-Commerce Growth as Retail Shifts in Smaller Canadian Markets

Lee Rivett -
Cargojet says e-commerce is driving growth in secondary Canadian markets as store closures and changing inventory strategies reshape retail distribution.

Primaris Invests $19M to Transform Former Hudson’s Bay at Galeries de la Capitale

Craig Patterson -
Primaris REIT is investing $19 million to redevelop the former Hudson’s Bay at Galeries de la Capitale, with Imaginaire and ZIBO! among new tenants.

Morguard Advances Mall Redevelopments as Retail Leasing Strength Continues Across Canada

Craig Patterson -
Morguard REIT is redeveloping former Sears and Hudson's Bay spaces with retailers including Uniqlo, Sport Chek, No Frills and Splitsville as retail occupancy and leasing momentum improve across its Canadian shopping centre portfolio.

Centre Rockland Sold as Future Plans Unfold for Montreal Mall

Craig Patterson -
Centre Rockland in Montreal has been sold to Jadco in a reported $1 share deal as questions emerge over the shopping centre’s long-term future.

Who Shopped HBC’s Men’s Floor, and Where They’ve Gone

Retail Insider -
Environics Analytics examines who shopped Hudson's Bay's men's clothing department and where those customers may have shifted following the retailer's closure.

Retail Insider “Real Estate & Leasing Report”: Scarcity and Curation Reshape Canadian Retail

Lee Rivett -
Retail Insider's latest Real Estate & Leasing Report examines how limited retail space, selective investment, and redevelopment strategies are reshaping Canada's commercial property market, with growing performance gaps between prime retail assets and secondary centres.

Q2 2026 Canadian Retail Real Estate: Scarcity, Curation and Selective Growth Reshape the Market

Craig Patterson -
Canadian retail real estate entered a scarcity-driven phase in Q2 2026 as prime assets gained pricing power, international retailers targeted top nodes, Hudson's Bay space created repositioning opportunities, and well-capitalized landlords pulled further ahead.

Demolition of Former Hudson’s Bay Store Marks End of a Retail Landmark in Windsor

Craig Patterson -
The former Hudson's Bay store at Windsor's Devonshire Mall, which opened as a standalone Simpsons department store in 1974 and featured The Room fashion concept, will be demolished following its acquisition by Primaris REIT.

Primaris Looks to Unlock Up to $375 Million from Excess Mall Lands

Craig Patterson -
Primaris REIT says its excess mall lands could be worth up to $375 million as the company evaluates more than 100 acres for potential residential, hotel and seniors housing development.

Ruby Liu Unveils TM Wander at Tsawwassen Mills and Outlines Vision for Canadian Retail

Craig Patterson -
Ruby Liu discusses the launch of TM Wander at Tsawwassen Mills, future expansion plans, shopping centre acquisitions, support for entrepreneurs, and her vision for the future of Canadian retail.

One Year After Hudson’s Bay Closed Its Stores

Craig Patterson -
One year after Hudson's Bay closed its stores, redevelopment, new retail concepts, and a changing marketplace continue to reshape Canadian retail.

RioCan Sees Retail Leasing Surge as HBC Spaces Refilled

Lee Rivett -
RioCan reports strong leasing spreads and occupancy, with former Hudson’s Bay spaces re-leased as demand for retail space remains high.

Primaris REIT Repurposing Malls After Hudson’s Bay Closures

Craig Patterson -
Primaris REIT is repurposing former Hudson’s Bay stores, turning anchor closures into a strategy to reshape Canadian shopping centres.

Fashion Art Toronto Activates Former Hudson’s Bay Saks at Eaton Centre

Craig Patterson -
Fashion Art Toronto activates the former Hudson’s Bay Saks designer floor at CF Toronto Eaton Centre with a one-day retail and cultural marketplace.
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