The Hudson Bay Company (HBC), Canada’s oldest corporation founded in 1670, will sell its brand to Canadian Tire for C$30 million ($21.5 million) as it seeks creditor protection after liquidating all its stores due to challenges in the retail landscape post-pandemic and US tariffs. HBC, known for its iconic striped blankets and a range of products, experienced a surge in demand before its closure, sparking hopes for a brand revival. The sale will preserve the brand’s legacy, including in-house labels like Gluckstein and Distinctly Home, despite the shutdown of physical locations.
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An innovative “ice battery” system is being used to cool buildings and lower energy costs
Innovative Cooling System in Manhattan In Manhattan, the Eleven Madison skyscraper utilizes an innovative ice battery system developed by Trane Technologies, producing 500,000 pounds of ice nightly to cool the building during peak electricity hours, potentially reducing cooling costs by up to 40%. This method alleviates stress on the power grid by using stored ice instead of drawing from expensive electricity during high demand. Researchers, like Dr. Patrick Shamberger, are exploring advanced materials for energy...
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