There was a time when Eaton’s was the largest department store in Canada, but its market share had dwindled in modern times – all the way down to just 10.6 per cent of Canadian department store sales by 1997. The iconic company, founded in 1869 by Timothy Eaton, filed for bankruptcy and eventually folded in 1999. After 130 years in business, Eaton’s and its assets were acquired by Chicago-based retailer Sears, which took over many remaining Eaton’s locations with the intent to renovate and rebrand them. The effort failed, and Eaton’s was eventually shuttered for good, with many of its Canadian locations turned into Sears. Today, Eaton's lives on in name only; major shopping malls in Canada, most notably in Toronto and Montreal, operate under the famous Eaton name
Have your say
Is it important to own a house?
Thanks for being one of the first people to vote. Results will be available soon. Check for results
- 77 %1. Yes, owning a home is an investment that will pay off.
- 2. No, I'd rather save my money and rent.
- 3. No, I can't afford to buy a home.
- 4. I don't know.
China's economic reform agenda could slow growth on the mainland, first quarter economic figures will be closely watched.
Date 10 hrs ago, Duration 2:07, Views 109
Date 11 hrs ago 5:43
Tooltip Information:The Message of the Markets: Don't Be Agressive [04-15-14 4:45 PM]Video by:Description: How should investors be positioning their portfolios for increased volatility and a possible sell-off in the markets? BNN takes a look with Jeffrey Saut, Chief Strategist, Raymond James.Rating: 4Views: 121
Date 11 hrs ago 4:45
Tooltip Information:TSX Top Picks [04-15-14 3:15 PM]Video by:Description: Canadian stocks are outperforming U.S. counterparts so far in 2014, with the TSX up more than 5% versus a nearly 1% decline on the S&P 500. Laura Wallace, Vice-President & Portfolio Manager at Scotia Private Client Group joins Business Day to discuss her outlook for Canadian stocks and share her top picks. Laura highlights Alimentation Couche-Tard, Brookfield Asset Management and Crescent Point Energy.Rating: 4Views: 49
Date 11 hrs ago 3:59
Tooltip Information:Security in a post-Boston bombing world [04-15-14 3:50 PM]Video by:Description: Today marks the one year anniversary of the Boston Marathon Bombing. Dr. Satyamoorthy Kabilan, Director of National Security and Strategic Foresight at The Conference Board of Canada looks at safety and security in a post-Boston bombing world. Dr. Kabilan says two major lessons were learned from the attack: increased trust in public-private partnerships and effective social media usage.Rating: 5Views: 17
Date 17 hrs ago 5:45
Tooltip Information:Nickel Squeeze Boosts Royal - Part Two [04-15-14 11:50 AM]Video by:Description: Higher expected nickel prices and a new deal for a Canadian mine have pushed shares of Royal Nickel to a 52-week high. A look at the company's progress at its main Dumont project, as well as what it is getting by purchasing a share in Sudbury Platinum Corp., with Mark Selby, Interim CEO, Royal Nickel.Rating: 4Views: 336