Editing Hudson's Bay Company (section)

=== Zellers ===
[[File:Kmart Zellers Nepean, ON (38534115376).jpg|thumb|One of the only two [[Zellers]] stores in the country in 2017. This store was operating in [[Ottawa]]]]

In September 2011, the HBC announced that it would sell the majority of the Zellers leases for $1.825 billion to the US-based retailer [[Target Corporation|Target]] and shutter all of their remaining locations by early 2013.<ref>{{Cite news |last=Ho |first=Solarina |last2=Wohl |first2=Jessica |date=2011-01-13 |title=Target takes 1st step outside U.S. with Canada deal |url=https://www.reuters.com/article/idUSN1326316220110113/ |access-date=2025-03-28 |work=[[Reuters]]}}</ref> Target used the acquisition of this real estate as a means to enable its entry in the Canadian market. HBC used some of the proceeds to pay down debt and to invest in growing its Hudson's Bay and Lord & Taylor banners. In January 2013, it was confirmed that three Zellers locations, re-purposed as discount department stores for The Bay and Home Outfitters, would remain open.<ref name="three Zellers stores">{{Cite news |last=Weisblott |first=Marc |title=Zellers will stick around Canada's three biggest cities after Target arrives |work=O.Canada.com |publisher=Postmedia Network |url=http://o.canada.com/2013/01/08/zellers-will-stick-around-canadas-three-biggest-cities-after-target-arrives/ |access-date=14 January 2013 |archive-date=14 January 2013 |archive-url=https://web.archive.org/web/20130114212716/http://o.canada.com/2013/01/08/zellers-will-stick-around-canadas-three-biggest-cities-after-target-arrives/ |url-status=dead}}</ref><ref>{{Cite press release |title=Target Finalizes Real Estate Transaction with Selection of 84 Additional Zellers Leases |date=23 September 2011 |publisher=Target Corporation |location=Minneapolis, Minnesota |url=http://pressroom.target.com/pr/news/target-finalizes-real-estate-transaction-215949.aspx |access-date=26 September 2011 |archive-date=27 September 2011 |archive-url=https://web.archive.org/web/20110927021723/http://pressroom.target.com/pr/news/target-finalizes-real-estate-transaction-215949.aspx |url-status=dead }}</ref><ref>{{Cite news |last=Flavelle |first=Dana |date=26 July 2012 |title=Zellers to close last 64 stores as Target moves into Canada |url=https://www.thestar.com/business/zellers-to-close-last-64-stores-as-target-moves-into-canada/article_689f29fb-49fc-5bbf-9994-c8c1be1fdafc.html |url-access=subscription |access-date=2025-03-28 |work=[[Toronto Star]]}}</ref><ref name="gandm-ipo" /> The Target Canada chain folded in 2015; the leases were subsequently returned to landlords or re-sold to other retailers.<ref>{{Cite news |date=2015-05-01 |title=Target returns, auctions off leases on most Canadian properties |url=http://www.cbc.ca/news/business/target-returns-auctions-off-leases-on-most-canadian-properties-1.3057433 |access-date=8 May 2015 |work=[[CBC News]] |publisher=}}</ref> Zellers was still owned by HBC as two remaining stores following the sale of its lease portfolio to [[Target Canada]] in 2011.<ref name="three Zellers stores" /><ref>{{Cite web |title=HBC store locator |url=http://www.hbc.com/storelocator/?langid=en&src=hbc |url-status=dead |archive-url=https://web.archive.org/web/20140311201749/http://www.hbc.com/storelocator/?langid=en&src=hbc |archive-date=11 March 2014 |access-date=2 March 2014}}</ref><ref>{{Cite web |title=Zellers store to stay open at Semiahmoo Shopping Centre |url=http://www.thenownewspaper.com/business/Zellers+store+stay+open+Semiahmoo+Shopping+Centre/7800250/story.html |url-status=dead |archive-url=https://web.archive.org/web/20130130013814/http://www.thenownewspaper.com/business/Zellers+store+stay+open+Semiahmoo+Shopping+Centre/7800250/story.html#ixzz2Hz7zrhhS |archive-date=30 January 2013 |access-date=14 January 2013 |df=dmy-all}}</ref> Those stores closed in January 2020.

In August 2022, the Hudson's Bay Company announced it would be reviving the Zellers brand through online shopping and within Hudson's Bay physical locations in 2023.<ref>{{Cite news |last=Benechetrit |first=Jenna |date=August 17, 2022 |title=Hudson's Bay to resurrect discount retail chain Zellers |url=https://www.cbc.ca/news/business/hbc-resurrects-zellers-1.6553473 |access-date=August 17, 2022 |work=[[CBC News]] |pages=}}</ref><ref>{{cite web |url=https://globalnews.ca/news/5866980/hudsons-bay-to-shutter-last-2-zellers-stores-in-toronto-ottawa/ |title=Hudson's Bay to shutter last 2 Zellers stores in Toronto, Ottawa |work=Global News |last=Sagan |first=Aleksandra |date=6 September 2019 |access-date=22 March 2022}}</ref> It operates in a [[store-within-a-store]] format across Canada.