Chinese billionaire living in B.C. has announced on social media her plans to buy the chain. She says she wants to restore it to its former glory.
Chinese billionaire living in B.C. has announced on social media her plans to buy the chain. She says she wants to restore it to its former glory.
That’s actually a good idea. If the “Buy Canadian” thing hangs on, it would have a decent chance of succeeding.
Even if the absence of a strong “buy Canadian” mindset I think people would reward an alternative to the retail landscape of today.
People over-focus on Costco’s pricing and under-focus on how they provide a good customer experience. They don’t play the retail games of boosting prices and then cutting them for a “sale”. They promote generic otc medication instead of only pushing expensive brands. They have good quality products, not cheap crap that looks good but doesn’t or doesn’t last.
So yeah it could be a great outlet for quality Canadian products but I also still want quality imports from our allies in Europe and Mexico and Asia and beyond. HBC could be that, if I had a billion dollars that’s what I would do.