Bay cities dropped promotions for lower sales

Article Abstract:

The Bay department store chain, based in Toronto in Ontario, Canada, attributed its lower sales result in fall-1998, to a decline in multiple discount promotions, which reduced up to 75% of purchase prices. Although the discontinuation of the promotions were implemented in August 1998, in order to boost the chain's earnings, many customers enjoyed the privelege of using the many-tiered discounts, which included scratch and save cards, No-GST specials, and regular markdowns, according to William Fields, president of Bay's parent firm, Hudson's Bay Co. The Bay department store chain also discontinued the distribution in 1998, of its Bay Card dollars, which offered $5 coupons off in-store purchases to store credit card holders.

Comment:

Attributed its lower sales result in fall-1998, to a decline in multiple discount promotions

Strategy & planning, Ontario, Department Store Chains, Article, Bay

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Eaton's wants seized goods back: sources

Article Abstract:

Insolvent department store chain T Eaton Co Ltd is seeking to force Tommy Hilfiger of Canada Inc to return C$400,000 worth of merchandise which the supplier took back from Quebec stores under seizure before judgment ruling a day before Eaton filed for bankruptcy protection. Eaton wants to get the goods back so that it could be sold during its liquidation sale. The court ruled that merchandise that had already been ordered before it got bankruptcy protection on Aug 23, 1999, could be sold as part the liqudation sale.

Canada, Government regulation (cont), Use of materials & supplies, Apparel & Related Products, Apparel Manufacturing, Department stores, T. Eaton Company Ltd.

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