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here for you Hudson’s Bay Company 2003 Annual Report Hbc is a shopping solution that offers Canadians superior products, assortments, service and ease of shopping. Supported by 70,000 associates and a retail network that is unparalleled, Hbc’s management team is guided by a single aligned vision. We are “one Hbc”. The Bay is the department store Zellers is the mass merchandise divi- Home Outfitters is Hbc’s specialty division of Hbc, with locations from sion of Hbc, with Zellers and Zellers kitchen, bed and bath decor super- coast to coast and a dominant Select locations in communities store chain with unbeatable selection position in the downtown cores of nationwide. Offering customers value, and service. With locations across Canada’s major cities. The Bay service and price competitiveness on Canada, Home Outfitters offers cus- offers a full line of quality fashion national and private-brand merchandise tomers more choices, more brands merchandise in apparel, appliances, is Zellers’ top priority. There are more and great ideas. Home Outfitters is accessories and home categories at than 300 Zellers stores. Canada’s fastest-growing specialty mid-to-upper price points, accompa- store chain. There are 45 Home nied by traditional department store Outfitters stores. services. There are 99 Bay stores. In 2003, after a thorough analysis of the Canadian retail market and Hbc’s opportunities to achieve growth, the Company outlined a plan for $1.5 billion in incremental sales growth from existing oper- ations by 2008. Six growth objectives, which are managed within our organization, were identified. These initiatives are targeted to deliver comparable store sales increases throughout Hbc’s family of stores: the Bay, Zellers and Home Outfitters.
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