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Hudson’s Bay hopes to save six stores, begin liquidation process Monday
- Hudson’s Bay is working to keep six stores open after seeking court approval to liquidate the rest beginning Monday.
- The six stores include the flagship location on Yonge Street in Toronto and sites in Yorkdale, Hillcrest, Carrefour Laval, and Pointe-Claire malls.
- The company filed for creditor protection on March 7 due to significant financial challenges, including low sales and deferred payments to landlords.
- Hudson’s Bay will stop accepting outstanding gift cards after April 6 and has paused its loyalty program, affecting 8.2 million members.
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Hudson’s Bay likely to find lots of buyers for assets like leases, stripes: experts
TORONTO - As Hudson’s Bay continues to seek ways to stabilize and restructure what little will soon be left of its ailing business, it’s opening itself up to selling its assets.
Historic Hudson’s Bay liquidates stores across Canada, including Kamloops location
KAMLOOPS — The Hudson’s Bay Company has announced the liquidation of all but six of its famous department stores. The Kamloops location, a staple of the city for more than 200 years, is not included in the remaining six. “A majority of these people have put in their lives at Hudson Bay,” said Jordan Lawrence, Financial Secretary at USW Local 1-417. Aberdeen Mall employees have been kept in the dark about the closure and have yet to receive conf…
Coverage Details
Total News Sources109
Leaning Left58Leaning Right8Center18Last Updated69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
C 21%
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