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HBC to close two Home Outfitters locations, as it expands digital offering

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TORONTO - Hudson's Bay Co. (TSX:HBC) is shuttering two Home Outfitters locations as it focuses on making more of its products available online.

Tiffany Bourre, a spokeswoman for HBC, said Wednesday the retailer will close the Home Outfitters stores at Square One Shopping Centre in Mississauga, Ont., and in Abbotsford, B.C., in January 2015.

She said the company will offer transfer opportunities to staff at these stores when possible. It's unclear how many layoffs are expected.

The closures are part of HBC's plans to merge Home Outfitters with Hudson's Bay Home, which will both continue to operate under their separate banners.

The company is also working towards putting more Home Outfitters products on its main homepage, thebay.com.

"We have committed to rationalizing our real estate portfolio and creating a strong, streamlined store base, along with an expanded digital offering," said Bourre in an email.

HBC's Home Outfitters is Canada's largest kitchen, bed and bath specialty superstore with 69 locations.

Hudson's Bay has 90 full-line locations in Canada, one outlet store and thebay.com. Lord & Taylor operates 49 full-line locations primarily in the northeastern and mid-Atlantic U.S., four Lord & Taylor outlet locations and lordandtaylor.com.

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