In the North American fur trade, by 1700, wool blankets accounted for more than 60 per cent of traded goods. French fur-trader Germain Maugenest is thought to have advised the HBC to introduce point blankets. Originally point blankets had a single stripe across each end, usually in blue or red. In the mid-1800s blankets began to be produced with a green stripe, red stripe, yellow stripe and indigo stripe on a white background; the four stripe colours were popular and easily produced using good colourfast dyes at that time. In 1798 a mill owner received a purchase order for "30 pair of 3 points to be striped with four colors according to your judgement." to be manufactured in Witney, Oxfordshire, a town famous for its woollen blankets since the Middle Ages. From the early days of the fur trade, wool blankets were made into hooded coats called capotes by both natives and French Canadian voyageurs, which were well suited to Canada's cold winters.
Point system
Points are short black lines woven into the selvage of the blanket along the edge just above the bottom set of stripes. About four inches in length, they indicate the finished overall size of a blanket and allow a blanket's size to be easily determined even when folded. The point system was invented by French weavers in the mid-1700s since then, as now, blankets were shrunk as part of the manufacturing process. The word point derives from the French empointer, meaning "to make threaded stitches on cloth." Over the centuries the sizes of blankets have shifted, particularly during the 1900s as beds became larger. Blankets of 2.5, 3, 3.5 and 4 point were most common during the fur trade era. Today Hudson's Bay blankets are commonly found in point sizes of 3.5, 4, 6 and 8. The misconception persists that originally the points were an indication of the blanket price in beaver pelts or even its weight. Thickness and quality are the same blanket to blanket, and a larger blanket will naturally weigh more.
Current use
Made in England from 100 percent wool, versions of the blanket are available at Hudson's Bay stores throughout Canada. Solid colours are available, as is the classic pattern featuring the green, red, yellow, and indigo stripes. Today the blankets are made in England by John Atkinson, a sub brand of A.W. Hainsworth & Sons Ltd. Wools from Britain and New Zealand are used in the manufacture of blankets. The official licensee allowed to import Hudson's Bay Blankets into the United States for commercial sale is Woolrich Inc. of Pennsylvania. Five U.S. retailers currently sell the blankets to consumers: Woolrich, Lord & Taylor, L.L.Bean, Getz's Department Store in Marquette, Michigan and Johnson Woolen Mills.
Collectability
Genuine point blankets have become very collectible and could fetch prices up to thousands of dollars. The main determinants of value include age, size, colour, pattern rarity and condition. Particularly collectible point blankets are the Coronation blankets: the one produced for the 1953 coronation of Queen Elizabeth II brings approximately $600 if in mint condition while examples of the even rarer 1937 Coronation blanket have sold for as high as $1300. In 1890, HBC began adding labels to their blankets because point blankets of similar quality were being sold by HBC competitors from such manufacturers as Early's of Witney. Harold Lee Tichenor, point blanket collector and consultant to Hudson's Bay Company, has written two books on point blankets and their collectibility. In April 2017, HBC updated the label, rotating it from portrait to landscape, making it easy to display English and French on either side of the crest, which has been enhanced with red on the flag. To celebrate Canada's 150th Anniversary in 2017, HBC added an additional label to the blanket: a picture of voyageurs in a canoe, with CANADA printed at the top.
