TORONTO, July 27 (Reuters) - Hudson’s Bay Co is planning to open a new namesake department store in Montreal, Canada, two sources familiar with the matter told Reuters on Thursday.
The new Hudson’s Bay store will fill a space formerly occupied by Target Corp in Carrefour Angrignon, an 850,000 square feet shopping center located in southwest Montreal, the sources said.
A Hudson’s Bay spokesman confirmed it is opening a store at the location. The sources declined to be identified as the information is not public.
The new store comes at a time when the company is under pressure from activist investor Jonathan Litt, who has asked it to consider options, including store closures. (Reporting by Allison Lampert Solarina Ho; Editing by Denny Thomas and Dan Grebler)