Word: hudsons
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...author of Will China Fail?, is the foreign policy fellow at the Centre for Independent Studies in Sydney and a visiting fellow at the Hudson Institute in Washington...
...want to see polar bears up close, the place to go is Churchill, Man., on the western shore of Hudson Bay. When the ice breaks up in the summer, the bears come ashore by the hundreds to wait for the autumn refreeze. So it's where tourists and scientists go, to gawk at and study the huge white predators. Just south of Churchill, the Canadian government recently created Wapusk National Park (wapusk means "white bear" in the indigenous Cree language) to protect the area where pregnant females dig their dens. (See the top 10 invasive species...
...Hudson's Bay Co., a 339-year-old retailer that is the oldest in North America, signed a sponsorship deal with the Canadian Olympic Committee through the 2012 Olympics. Hudson's Bay owns 92 Bay department stores in Canada, the Canadian general-merchandise chain Zellers and the Lord & Taylor retail chain in the U.S. Jeffrey Sherman, who was installed as CEO in September 2008, after Hudson's Bay was bought by Connecticut-based private-equity firm NRDC Equity Partners, wanted to use the Vancouver Olympics as a platform to reconnect the company with its Canadian heritage. He gave his design...
Enter cozy mittens. Sherman says the company has sold about 3.5 million pairs since their October 2009 debut; thanks to the Olympics, 1.5 million have cleared the shelves since Feb. 1. But get this: Hudson's Bay does not make a dime off the phenomenon. Net proceeds from mitten sales go right to the Canadian Olympic Committee to fund athletes' programs. To date, Sherman says the mittens have generated $12 million in net proceeds. Does he regret not negotiating a cut? "Not at all," he says. "We entered into this to do the right thing." What's more, Sherman notes...
...count on snaring a pair; they're about to be retired for the season. "We're now moving into the end of winter, and the new season is about to begin," Sherman says. "The challenge will be trying to repeat this next winter." His message to folks who want Hudson's Bay to keep restocking the shelves for just a few more weeks: "I'm sorry...