Hi,
To me, its a toque (with turban elements). Millinery terms are loosely used and change from decade to decade, but this is more toque than turban or pillbox although it has elements of both. I think it is from the 1960's. The style is classic, but the label looks very 60s. Also, the material used for the interior looks like a faille of decent quality, and I would think an 80s hat would have used poly satin, etc. It is unstructured, and I suspect it may have been custom made to match a dress. Possibly for a wedding, but also could have been made to match a spring suit or special occasion ensemble that was purchased at the store. Eatons had a custom millinery department, but I don't know when they stopped making custom hats in house. Like many department stores, that likely stopped sometime in the 1950s or 1960s. The bow should stand up more, a bit more poufy and higher, so give it a VERY light steam and gently puff it out and stuff with tissue afterwards and let it sit for a bit.