US EditionHudson’s Bay hopes to save six stores, begin liquidation process Monday
- Hudson's Bay received court approval to liquidate all but six of its stores in Canada due to financial difficulties stemming from reduced consumer spending and trade tensions between Canada and the U.S.
- The liquidation follows a creditor protection proceeding initiated by Hudson's Bay, which aimed to close all stores but allowed six locations to remain open after a surge in sales.
- The company aims to complete the liquidation by June 15, with over 9,000 jobs at risk, marking a significant change in the Canadian retail landscape.
- Shoppers are expressing sadness over the closure, viewing it as the end of a legacy intertwined with Canadian history, as the store first opened in 1670.
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Flin Flon Reminder+4 Reposted by 4 other sources
'Hoping for better': Hudson's Bay liquidation sales begin at all but six stores
TORONTO — Canadians headed to Hudson's Bay stores Monday in hopes of scooping up the first of the retailer's liquidation deals, but many left confused about whether the markdowns had even begun.
·Flin Flon, Canada
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Total News Sources109
Leaning Left41Leaning Right8Center7Last UpdatedBias Distribution73% Left
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73% Left
L 73%
13%
14%
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