17:03:57 EST Sun 08 Feb 2026
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Canadian Tire Corp Ltd
Symbol CTC
Shares Issued 3,423,366
Close 2025-05-26 C$ 240.00
Market Cap C$ 821,607,840
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Globe/CP say Canadian Tire, Loblaw eye HBC workers

2025-05-27 07:40 ET - In the News

Also In the News (C-L) Loblaw Companies Ltd

The Globe and Mail reports in its Tuesday, May 27, edition that big-name department and drug stores are circling the more than 9,300 Hudson's Bay Co. and Saks Fifth Avenue Canada workers who will soon be out of a job. A Canadian Press dispatch to The Globe reports that Holt Renfrew & Co. has added dozens of former Bay and Saks staff to its stores, "with more still to come." Holt spokesman Adam Grachnik said, "We've been committed to helping our HBC and Saks colleagues with any opportunities we can provide." Meanwhile, talent acquisition staff at Loblaw's Shoppers Drug Mart and Rexall appear to be working social-media channels, hoping to lure in Bay and Saks employees. HBC filed for creditor protection in March, and it has been winding down. After months of liquidation sales, all 96 of the Bay and its sister Saks stores will shutter at the end of May. Some HBC staff are already headed to Canadian Tire. The retailer is on track to purchase the Bay name, its stripes motif, its coat of arms and its brands for $30-million. Retail consultant Lanita Layton figures some Canadian Tire staff will be logical additions because they know the intricacies of the intellectual property Canadian Tire wants to acquire.

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