Editing Hudson's Bay Company (section)

=== Latter 20th century ===
[[File:Edificio Henry Morgan, Montreal, Canadá, 2017-08-11, DD 43.jpg|thumb|[[Hudson's Bay Montreal Downtown]]. Originally the flagship store for [[Morgan's]], the department store chain was acquired by HBC in 1960.]]

In 1960, the company acquired [[Morgan's]] allowing it to expand into Montreal, Toronto, Hamilton, and Ottawa. In 1965, HBC rebranded its department stores as The Bay.<ref>{{Cite news |last=Infantry |first=Ashante |date=2013-03-06 |title=The Hudson's Bay Company unveils new logo for Canada's oldest department store |url=https://www.thestar.com/business/2013/03/06/the_hudsons_bay_company_unveils_new_logo_for_canadas_oldest_department_store.html |url-access=subscription |access-date=2022-03-14 |work=[[The Toronto Star]] |language=en-CA |issn=0319-0781}}</ref> The Morgan's logo was changed to match the new visual identity. By 1972, the Morgan's stores in Montreal had been rebranded to The Bay.<ref>{{Cite web |title=Our History: Acquisitions: Retail: Morgan's |url=http://www.hbcheritage.ca/hbcheritage/history/acquisitions/retail/morgans |url-status=dead |archive-url=https://web.archive.org/web/20151006202035/http://hbcheritage.ca/hbcheritage/history/acquisitions/retail/morgans |archive-date=6 October 2015 |access-date=6 October 2015 |website=HBC Heritage}}</ref> HBOG also expanded during the 1960s, as it began shipping Canadian crude through a new link to the Glacier pipeline and on to the refinery in [[Billings, Montana]]. The company became the sixth-largest Canadian oil producer in 1967.<ref>{{Cite web |title=Our History |url=http://www.conocophillips.ca/who-we-are/our-history/Pages/1900s.aspx |access-date=6 October 2015 |website=ConocoPhilips Canada}}</ref>

In 1970, on the company's 300th anniversary, as a result of punishing new British tax laws, the company relocated to Canada, and was rechartered as a Canadian business corporation under Canadian law,<ref>{{Cite web |title=Our History: Timelines: HBC: 1970 |url=http://www.hbcheritage.ca/hbcheritage/history/timeline/hbc/ |website=HBC Heritage |access-date=19 April 2013 |archive-date=23 November 2012 |archive-url=https://web.archive.org/web/20121123055342/http://www.hbcheritage.ca/hbcheritage/history/timeline/hbc/ |url-status=dead }}</ref> Head Office functions were transferred from London to Winnipeg. By 1974, as the company expanded into eastern Canada, head office functions were moved to Toronto.

In 1972, the company acquired the four-store [[Shop-Rite (Canada)|Shop-Rite]] chain of [[catalog merchant|catalogue stores]]. The chain was quickly expanded to 65 stores in Ontario, but closed in 1982 due to declining sales.<ref>{{Cite news |last1=Sweetman |first1=Keri |last2=Harrington |first2=Denise |date=18 November 1981 |title=600 to lose jobs as Bay closes Shop-Rite stores |work=Ottawa Citizen |url=https://news.google.com/newspapers?nid=2194&dat=19811118&id=2a4yAAAAIBAJ&pg=1164,5107737 |access-date=6 October 2015}}</ref> In these stores, little merchandise was displayed; customers made their selections from catalogues, and staff would retrieve the merchandise from storerooms. The HBC also acquired [[Freimans]] department stores in Ottawa and converted them to The Bay.<ref>{{Cite web |title=Our History: Timelines: Acquisitions |url=http://www.hbcheritage.ca/hbcheritage/history/timeline/acquisitions/ |url-status=dead |archive-url=https://web.archive.org/web/20150927122300/http://www.hbcheritage.ca/hbcheritage/history/timeline/acquisitions/ |archive-date=27 September 2015 |access-date=6 October 2015 |website=HBC Heritage}}</ref>

In 1973, HBOG acquired a 35 per cent stake in Siebens Oil and Gas, and, in 1979, it divested that interest. In 1980, it bought a controlling interest in Roxy Petroleum.

[[File:Hudson's Bay Queen Street 2021.jpg|thumb|[[The Bay Queen Street]] in Toronto. It was formerly the flagship store for [[Simpsons (department store)|Simpson's]] before HBC converted it to Hudson's Bay in 1991.]]
In 1978, the [[Zellers]] discount store chain made a bid to acquire the HBC, but the HBC turned the tables and acquired Zellers.<ref>{{Cite web |title=HBC Heritage – Zellers |url=https://www.hbcheritage.ca/history/acquisitions/zellers |access-date=27 July 2020 |archive-date=27 July 2020 |archive-url=https://web.archive.org/web/20200727155532/https://www.hbcheritage.ca/history/acquisitions/zellers |url-status=dead }}</ref> That same year, the HBC also acquired [[Simpsons (department store)|Simpson's department stores]], and were converted to Bay stores in 1991.<ref>{{Cite web |title=HBC Heritage – The Robert Simpson Company |url=http://www.hbcheritage.ca/history/acquisitions/robert-simpson-company |access-date=11 December 2018 |website=hbcheritage.ca |archive-date=17 October 2018 |archive-url=https://web.archive.org/web/20181017225005/http://www.hbcheritage.ca/history/acquisitions/robert-simpson-company |url-status=dead }}</ref><ref>The related chain Simpsons-Sears was not acquired by the Bay, but became [[Sears Canada]] in 1978.</ref>

In 1979, Canadian billionaire [[Kenneth Thomson, 2nd Baron Thomson of Fleet|Kenneth Thomson]] won control of the company in a battle with [[George Weston Limited]], and acquired a 75 per cent stake for $400&nbsp;million.<ref name="CanEncycl_HBC">{{Cite encyclopedia |title=Hudson's Bay Company |encyclopedia=The Canadian Encyclopedia |publisher=Historica Canada |url=https://thecanadianencyclopedia.ca/en/article/hudsons-bay-company |access-date=6 October 2015 |last=Ray |first=Arthur J. |date=2 April 2009}}</ref> Thomson sold the company's oil and gas business, financial services, distillery, and other interests for approximately $550&nbsp;million, transforming the company into a leaner, more focused operation.  In the 1980s, sales and oil prices slipped, while debt from acquisitions piled up which led to Hudson's Bay Company selling its 10.1 per cent stake in HBOG to [[Dome Petroleum]] in 1981.<ref>{{Cite encyclopedia |title=Dome Petroleum Limited |encyclopedia=The Canadian Encyclopedia |publisher=Historica Canada |url=https://www.thecanadianencyclopedia.ca/en/article/dome-petroleum-limited |access-date=17 June 2010 |last=Sawyer |first=Deborah C. |date=2 February 2006 |edition=online |archive-date=7 October 2015 |archive-url=https://web.archive.org/web/20151007004645/http://www.thecanadianencyclopedia.com/en/article/dome-petroleum-limited/ |url-status=live }}</ref> In 1997, the Thomson family sold the last of its remaining shares.<ref name="CanEncycl_HBC" />

Hudson's Bay Company reversed a formidable debt problem in 1987, by shedding non-strategic assets such as its wholesale division and getting completely out of the oil and gas business. HBC also sold its Canadian fur-auction business to Hudson's Bay Fur Sales Canada (now [[North American Fur Auctions]]). The Northern Stores Division was sold that same year to a group of investors and employees, which adopted [[The North West Company]] name three years later.<ref name="HBC.com HBC Heritage">{{Cite web |title=Hbc Heritage – Timeline |url=http://www.hbcheritage.ca/hbcheritage/history/timeline/hbc/home |website=hbcheritage.ca |access-date=19 April 2013 |archive-date=2 January 2013 |archive-url=https://web.archive.org/web/20130102011936/http://www.hbcheritage.ca/hbcheritage/history/timeline/hbc/home |url-status=dead}}</ref>

The HBC acquired [[Towers Department Stores]] in 1990, combining them with the Zellers chain, and [[Woodward's]] stores in 1993, converting them into Bay or Zellers stores. [[Kmart (United States)|Kmart Canada]] was acquired in 1998 and merged with Zellers.<ref name="HBC.com HBC Heritage" />

In 1991, the Bay agreed to stop retailing [[fur]] in response to complaints from people opposed to killing animals for this purpose.<ref name="cbc.ca">{{Cite web |title=1991: Hudson's Bay Company ends its fur trade – CBC Archives |url=http://www.cbc.ca/archives/entry/1991-hudsons-bay-company-ends-its-fur-trade |access-date=10 January 2018 |publisher=Canadian Broadcasting Corporation}}</ref> In 1997, the Bay reopened its fur salons to meet the demand of consumers.<ref name="cbc.ca" />