Resurrecting Hudson’s Bay, in a Limited Way [Video]

Hudson’s Bay is liquidating all of its stores but won’t completely disappear from the Canadian retail landscape.

The Canadian Tire Corp. has entered into a definitive agreement to buy the intellectual properties of Hudson’s Bay, including the time-honored HBC stripes and various company names, logos, designs, coat of arms and brand trademarks, for 30 million Canadian dollars.

Hudson’s Bay this year started liquidating all 80 of its stores, which are situated throughout Canada, but the deal with Canadian Tire means the signature Hudson’s Bay merchandise, most notably the blankets and accessories bearing the familiar Hudson’s Bay stripes, will survive.

Canadian Tire is also bidding for a handful of Hudson’s Bay leases, most likely to be converted into Canadian Tire retail formats, and less likely for reviving any Hudson’s Bay stores. The locations being pursued were not disclosed, nor did Canadian Tire indicate what any Hudson’s Bay leases would …