The Hudson's Bay Company's Evolution From Fur Trading to Retail

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The Hudson's Bay Company (HBC) is a Canadian retail business group. A fur trading business for much of its existence, HBC now owns and operates retail stores in Canada, the United States and parts of Europe, including Belgium and Germany. The company's namesake business division is Hudson's Bay, and other divisions include Galeria Kaufhof, Gilt, Home Outfitters, Lord & Taylor, and Saks Fifth Avenue.
The company was incorporated by English royal charter in 1670 as The Governor and Company of Adventurers of England trading into Hudson's Bay and functioned as the de facto government in parts of North America before European states and later the United States laid claim to some of those territories.
It was once the world's largest landowner, with the area of the Hudson Bay watershed, known as Rupert's Land, having 15% of North American acreage. From its long-time headquarters at York Factory on Hudson Bay, the company controlled the fur trade throughout much of the English and later British controlled North America for several centuries. Undertaking early exploration, its traders and trappers forged relationships with many groups of aboriginal peoples. Its network of trading posts formed the nucleus for later official authority in many areas of Western Canada and the United States. In the late 19th century, with its signing of the Deed of Surrender, its vast territory became the largest portion of the newly formed Dominion of Canada, in which the company was the largest private landowner.
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#HBC #Retail #History

[@BusinessCasual]

⚠ 📣 *MAJOR ANNOUNCEMENT:* Business Casual is suing KZbin. We have just published a feature-length documentary about our case. It is being censored. If you are a fellow creator, you need to watch this. ➡ kzbin.info/www/bejne/anrEgJiMnL9grcU

[@Nunavuter1]

Something that is utterly missing from this video is the 1869 purchase of the Hudson Bay Company lands by the Dominion of Canada. This is how Canada acquired western lands, and why HBC no longer controls a huge swath of North America. In the 1869 deal, HBC was paid 100,000 pounds sterling for the land, and kept ownership of one square mile around all of its trading posts plus a percentage of the fertile farmland. When the railways were built in later years, these lands became very valuable, and were sold by the HBC for a considerable profit.

[@vincentestone5764]

Awesome Bro. !!!!

[@jonray107]

The ending was rushed and fuzzy. Should have talked about how The Bay rebranded to look like its old classic self and went back to "Hudson's Bay". And how they bought Saks fifth Avenue because some people I talked to thought it was Saks that bought HBC not the other way around.

[@grrr1351]

Agreed. Very rushed, less in depth.

[@dead_silencev1]

CAN U SHUT UP

[@TheOnionMonkey]

In Canada every one learns all about the Hudson's Bay and the fur trade in history class. Especially in Winnipeg we learn even more

[@dennismilitere1127]

Jason With Teslas No in winnipeg we lean about old hbc not the new hbc

[@dn2ze]

Jason With Teslas that’s because this is what build North America especially America yet, people of colour of America act like their ancestors actually build North America...

[@calebr7199]

Do east india company next

[@tatiatus3382]

Orange Boy yes

[@unassumingaccount395]

It's dead lmao.

[@bottomup2504]

KillMeWithPotato so what if it's dead, Google will be dead one day but that doesn't mean they didn't help us humans take longer leaps. It's part of history.

[@deaththekid416]

That or the south sea trading company

[@afaxmachine5045]

deaththekid416 extra history did that

[@xtwentex]

I had never heard of HBC, until last year when they announced to come to the Netherlands. This happened shortly after the closing of a large warehouse named V&D in the Netherlands. They are now opening new stores in the old V&D buildings. But I have to see of the HBC is successful in the Netherlands. There are already rumours of investors that are not happy with the new stores in the Netherlands.

[@BloodRider1914]

Marijn Hannink I originally saw a map of Canada in the early 1800s and saw the HBC

[@Lawliet734]

+Marijn You have "they" and "there" mixed up. "...there [they] announced to come to the Netherlands." "There [They] are now opening new stores..." "They [There] are already rumours..."

[@PhilhellenicAgori]

stop saying Netherlands ffs

[@robertspadorcia8175]

I'm surprised you didn't mention the undervalued wealth the company has in all of its real-estate holdings.

[@YuiYounha]

I played victoria 3 game. I noticed companies hold some major lands in canada, australia and india. This is very learning experience in history.

[@Hammerhead547]

HBC completely rebranded themselves in 2010 getting away from trying to compete with lowrent brands like Walmart and went back to what they always did best: selling high quality goods for reasonable prices and they're thriving now.

[@MatthewLekoutovich]

ending was completely rushed over. The Hudsons bay now is thriving, probably one of the most popular retail stores in Canada. They sell a lot of the best brands

[@lamondhaughton1598]

Matthew Lekoutovich Thriving ?no no HBC is in trouble like Sears is now. I live in Toronto it all over the news

[@MatthewLekoutovich]

LAMOND HAUGHTON yah I’m wrong my bad

[@firesidefighter3903]

sixtopia

[@alexcheetah79]

I live in the greater Toronto area, and I haven't shopped at the Bay in years.

[@Mr_Simmons]

This is by far your most polished, quality video yet. The picture effects are just amazing. keep on doing what ya doing! Your so close to 200K subs as well! congrats!

[@rowland5951]

Siemens please!!!!!

[@GetUnrealistic]

Do you mean the retailer Simons or the German Siemens? I am not familiar with the latter

[@pavelhoral]

Would love to hear its backstory.

[@rowland5951]

Pavel Horal I been asking for this for about 4months now.

[@jonasjezussek6882]

yeahhhh

[@yashgadhavi6385]

Jonas Jezussek yea

[@waynefernandes8371]

Canadian Busisnes being featured, I love it, black berry, hudsons bay, next you should do Tim Hortons

[@rightwingpop]

I like how he puts a picture of the battle of New Orleans and replaces the flag flying over the battle with a French instead of American.

[@Striveofficial]

Amazing video, as always! Maybe you could do a video on Uber or AirBnB next?

[@ericallen7605]

Knowledge Headquarters uber would be interesting

[@AhmedKachkach]

There's a nice book telling the story of both in a lot of details: The Upstarts.

[@ughcreature]

i don't know what hudson's bay is or why i need to know but this video makes me glad i know this information

[@jacquesfrancois4275]

-watches the video -still isn't sure what the video is about

[@Iluvbabaganush123]

There's a couple of mistakes with this. Radisson did not get his furs confiscated. There was a fine and then he had to pay taxes on it, which him and de grosseliers (his brother In law) did not want to do. So they escaped hidden in a band of first Nations and then escaped to Boston to sell the furs. You should read his journal. Which is his first hand account on what happened. Its quite cool. Btw I really like the fact you used some paintings from the people who actually lived through the fur trade. Really good video.

[@twokan01]

Hi Simar, great comment. You might enjoy a book called "Caesars of the wilderness" by Grace Lee Nute. Our Family sees Medard Chouart Sieur Des Groseilliers as the lead on this in history. Yes, Pierre Esprit Radisson was Medard's brother in-law. K. A. Gervais

[@chulebam]

You really make this guys look good, you forgot to mention the violence used in pretty much every phase of your story.

[@BloodRider1914]

I always thought the hbc was just a company that owned most of Canada for a while

[@chewits5843]

You should do General Motors

[@briefingspoon380]

IM SAYING

[@viniislaif1532]

Great editing, one can see that you put a lot of love and effort into your videos! Gute arbeit

[@Corard]

This is definitely your best video yet, the editing is sooooooooo smooth!! The parallax effects makes it a lot more interesting to watch, especially for a fellow video editor!!

[@malacki6554]

Do East India Company next

[@jonathanacuna]

Wow, each video it's awesome to see your editing skills get better. Always fascinating to learn about the start and rise of these large businesses. Keep em comming ha!

[@zane990]

Another great and informational video

[@ktefccre]

I haven't been to a HBC store in years... I have been wondering what's keeping the HBC afloat nowadays

[@exposingproxystalkingorgan4164]

This is an interesting video on one of the oldest corporations in the world.

[@exposingproxystalkingorgan4164]

@Charles Battiston do you mean the topic sucks or the video production quality sucks?

[@lj7387]

3:16 When you have a pic of the Battle of New Orleans with Andrew Jackson standing next to a French Flag, Smh.

[@pummisher1186]

It's hard to compress 400+ years into an 8 minute video. The HBC story could be a three hour video.

[@ImKibitz]

Wow the writing and animations of this episode are amazing! Great job!

[@rhysellec3531]

cool this will shurly help in my exam

[@pauldonofrio8946]

I really did like this channel! The past week I’ve been bingeing on videos of a new business I had never thought of having a great history. Knowing the history of HBC quite well has made me second guess if all the other videos are as lazy and rushed.

[@MrYoungzay]

They don’t have to cover the entire history just for it to be a good video

[@juancq7789]

I wanna travel one day on Hudson Bay

[@laurens7704]

the dutch voc might be an intresting video idea. adjusted for inflation it was the richest company ever!

[@Eremtek]

A Canadian company :) Your videos are informative and easy to digest! Do Deloitte next!

[@MerganNaidoo]

Almost 400 years that's a good run

[@Adam-td7xy]

Looks like you improved your editing skills. Nice.

[@denepride2910]

What built North America...

[@sylvesterred3206]

It comes to my attention that every time you used map for your reference The Philippines is not included! God knows that we people here still included in the Map! Kaloka!

[@voytek5550]

"annual sales of 7 billion Canadian dollars" so like 15 USD.

[@HamzahHusain_the_sexy_beast]

Voytek OH SHIT

[@fridericusrex9812]

Voytek LMAO

[@mlgcactus1035]

Voytek OOOOO XD

[@Char12403]

Would have been 7 billion USD at that time.

[@Vinlyguyx420x]

What's that debt clock in New York say again?

[@marcbiele8020]

The Hudson Bay is the Gate to the North-West-Passage, sometimes blocked by ice on the Sea. But the ice could be under-rounded by trade submarines like for example the Typhoon Class (the Antonow of the submarines), much bigger than each airplane could be and dive under ice-layors of a few hundred metres making a dream of humanity real. Many truck loadings could be loaded there on, not as on a Triple-E, but many, as on river-transport boats (Danubia, Rhine etc.) The economy-geografics are to find the best and most efficiant route for that purpose.

[@elilastnamington9808]

Hmm KZbin weird how I was just watching a show on Netflix about hbc and didn’t google anything about it but had my phone near the speakers...

[@fwcube8294]

Yeah 🤔

[@PhilhellenicAgori]

got my watch fixed bought shoes and a new shirt yesterday from the bay at oakridge :D

[@ge8406]

Stunning visuals on this one!How did you achieve this "cinematic" effect on pictures?

[@Duivenzijnfascisten]

0:45, since a few months it's alsow available in the Netherlands whoops

[@StanislavG.]

The first image (the one of the shopping mall) is of Dizengoff Center in Tel Aviv. Feels kindda weird to see a place you know well in a video :)

[@frood801]

Is no one else gonna notice his picture for "skirmeshes with the french" is a painting of the battle of new orleans during the war of 1812?

[@biteme9486]

Their still around?! Damn

[@CoWinkKeyDinkInc]

They're **

[@biteme9486]

Language is fluid and changes over time

[@MrYoungzay]

@@biteme9486 communication is fluid but grammar and spelling are still important lol

[@biteme9486]

@@MrYoungzay Until they change

[@theodoros_1234]

I actually use tab for a cause

[@ItsZ3DD]

The entered the Netherlands very recently!

[@SECONDQUEST]

Great, informative video!

[@tuts351]

clicked as fast as I could 😂

[@victorviereck4117]

Don't call the manifest destiny murderers, heroes.

[@luckydhiman]

Awesome video as usual! Just one thing music is louder than normal. it's making difficult to focus on your voice.

[@Austrian_Butcher]

Who does also play TNF? just leave a like so ik

[@highhollow7189]

Me

[@stunttaco2672]

3:15 that's Andrew Jackson (an American not French). The painting is by Edward Percy Moran and it shows the battle of New Orleans (January 8, 1815). Also the French flag in this pic is just a Ameircan one in the original. Other than that, great vid

[@Randomdeath5]

do the story of american motors corporation - its quite tragic

[@heretic8864]

Buisness casual. Can you make a vid about the bike giant "giant"

[@zyphicx9868]

A video about Nokia would be interesting!

[@AV-fd5wn]

make a video on *Cirque du Soleil* please

[@TheTravelingBreeze]

Great video thanks

[@TheOnionMonkey]

Should have included more info

[@bepsi6204]

I love your videos

[@masonluke9378]

It would be great if you did one on Smith & Wesson!

[@sarah7755]

Arn't they expanding to the Netherlands? If HBC goes under, what happens to all the Olympic gear?!

[@eyreland]

HBC still sets the North American fur prices as a mercantile exchange, something that even the powerful Walmart cannot do ... but the Canada it helped to create (due to the global warming) is much less in need of furs of any kind.

[@Lawliet734]

Congratulations on narrating videos in English. Had I your accent, I would never have thought of doing that. 6:58 Amazon Canada has not planned to open retail stores.

[@NullPxl]

No sources in the description :(

[@Iamafafr]

**Sips tea**

[@polo-pr9ln]

Virginia company please? (Virginia slims) I recently learned about it and it is very interesting.

[@pointingoutpoints3661]

Any one here from TNF?

[@Giaayokaats]

I have mixed feelings about this video. On one hand, I'm glad to see a channel I enjoy tackle a subject that I care a lot about. On the other, while the broad strokes are largely correct, a lot of the details are not. Also, please don't call us halfbreeds. While historically correct, that term has long-since fallen into disuse since a) few "halfbreeds" are 50/50; b) breed has an animalistic connotation; and c) it implies that we are somehow incomplete as a people.

[@Giaayokaats]

Also, you missed the​ entirety of Metis history.

[@CoWinkKeyDinkInc]

I agree too, like how does someone fuck up so badly on a video involving the First Nations they didn't even use the word Métis to describe a "half breed"?? This dumbass clearly did no research.

[@Atentoamusicamedianews1]

beside a youtube channel should also have a blog so we can read before the youtube video less work also

[@Antoine.Gagnon]

The ending was steep but great video none the less

[@khansakib9167]

Hey , Please make a video on De Beers Company

[@peterii3512]

Holy shit The Hudson’s bay company still exists?

[@tacowilco7515]

My wife worked in HBC sales. She told me HBC also get very cheap junk from China. When employees unload trucks - they have skin rush because all of the goods are very dirty and covered with factory dust.

[@eyreland]

As usual, you forgot to mention the separation of HBC from its 'Northern Stores' into a full fledged different corporate entity circa 1989ish. The fur action houses were sold off in the 5 years+ previous to this event, however in Montreal via "How Its Made" the HBC still has an equivalent of the Chicago Mercantile Exchange BUT FOR FURS ONLY! Ommited or Notable : en.wikipedia.org/wiki/The_North_West_Company www.northwest.ca/operations/canada.php www.northmart.ca/ I don't quite see Walmart killing off HBC, but the upcoming poleshift might ...

[@ateram]

3:16 that’s Andrew Jackson and battle of New Orleans

[@acau93]

I vote for the Dutch VOC!

[@farismuslimazmi]

Cisco please !!!

[@bb3003]

Calgary’s wasn’t built around a Hudson’s bay trading post it was built around a RCMP fort and it was Edmonton who was built around a Hudson’s bay post

[@drnycmedia]

*That's really sad. An almost 400 year old company may be gone! I do hope the Canadian government steps in to save it as it's a piece of vital Canadian history it seems (and I'm American btw).* 👍😎🍺🍻🍺💙

[@MuyenKamran1nehal]

drnycmedia Why should the government save a private company. It's called the free market and of they can't compete they should go out of business.

[@Lawliet734]

+drnycmedia In a free market/capitalist system, the government is forbidden from helping individual companies as that would give them unfair advantage over competitors. Even China would not save failing companies. Do you think Canadian taxpayers want Canada to be more socialist than China? HBC is a part of Canadian history, and it will be no less a part if the company were to close.

[@BlinkinMad]

L Lawliet not true, auto sector and banks were bailed out by taxpayers during the 2008 recession. However my example was to avoid an economic depression but it stands that the government can help companies. Yet, picking and choosing would create unfair competition in more normal circumstances. But you’re right, Canada wouldn’t bail a company like HBC, unless it had a stake or some sort of geopolitical worth.

[@thomasemond2173]

No, the government will make things a whole lot worse.

[@JayCortese1990]

The government has no right to step in with private enterprise

[@frogfrager]

General motors please

[@Faction]

if you are a roblox the northern frontier player: you'll be thinking it is a military group

[@edr.2642]

sadly HBC might be the next to bunkruptcy, people just dont go to their stores anymore like sears now closing

[@hoangtrunganh]

kodak and fujifilm please

[@morthim]

i'm seeing a trend of businesses i've never heard of, struggling.

[@adamt4051]

Zellers was alot better than target

[@fridericusrex9812]

Galeria Kaufhof?

[@mouniraboud9010]

Frontier anyone!!!!!!

[@NoNo-qj3ef]

I heard this from roblox’s the northern frontier and north wind

[@deannastarr2507]

This is clearly an American view at the end. The great recession of 2008 wasn't a thing in Canada. Hudson's Bay is the oldest company in Canada and it won't be shut down.

[@tomwesterwoudt2057]

Make a vid about Heineken

[@Apevia21]

I miss Zellers

[@evanwheeler634]

3:16 Isn’t that a painting depicting Andrew Jackson fighting the British in New Orleans in the war of 1812? The American flag was made a French flag, and the painting has nothing to do with the French 😂

[@Jor12345AKAJordan]

didnt hbc try to buy macys not sell them selves to them

[@early7strikeland996]

So many ads on one video

[@risannd]

Do Indofood, its instant noodle is sold around the world.

[@anissyahromi5671]

Please do faber castell