Build Condos Above Stores, Shareholder Tells Hudson's Bay
- ‘Are you waiting for us to go into a recession,’ investor asks
- Struggling retailer was pressured on real estate plans before
A Hudson's Bay Co. store stands in downtown Vancouver, British Columbia.
Photographer: Ben Nelms/BloombergThis article is for subscribers only.
Hudson’s Bay Co.’s real estate strategy is leaving some investors frustrated.
At its annual meeting in Toronto Tuesday, the owner of Saks Fifth Avenue heard from an exasperated shareholder wondering why the retailer’s not doing more to cash in on hot property markets such as Toronto while it can.