You've come a long way from beaver pelts, haven't you Hudson's Bay Company? Yes. Yes you have.
This is one of Canada's oldest retailers, one that built its status in the fur trade.
Today though, it's just a high end department store....which is sometimes all you're looking for. I tend to like The Bay better than Sears, because they have a bit better quality stuff.
Some notes: The Bay actually has a really great women's underwear section, for those interested in getting a cheap-ish good bra (male or female, I don't care). It also now does the Olympic clothing thing, which is the only real thing that's still remotely "Canadian" about it.