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Hudson’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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Canadian clothiers sad to see Bay's decline but say they long ago adjusted to new era
TORONTO - Toronto womenswear designer Hilary MacMillan says it was a “huge moment” in her career to have her clothes featured at The Bay in high-profile collaborations several years ago.
Coverage Details
Total News Sources109
Leaning Left50Leaning Right8Center9Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
13%
12%
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