The Globe and Mail reported yesterday that the Hudson’s Bay Company is currently in talks with Bloomingdale’s to open a “store within a store” at the Bay’s Bloor Street location. Sources are alluding that this is a specific strategy from HBC CEO Richard Baker, who is attempting to draw in a larger percentage of the high-end fashion retail market before foreign players like Nordstrom [Seattle] arrive (There have been rumours for a while suggesting that Nordstroms is looking at buying prime real estate in various Canadian markets, hinting that they will be opening multiple locations in the future). Sources suggest that HBC is thinking of making the move for more stores in Vancouver and Calgary as well, and this move could happen as early as the fall.

Read the full article [GlobeandMail].
Sources: Torontolife.com