US EditionRedesigning the Bay’s Old Stores Come with Challenges and Opportunities
- Hudson's Bay Company, Canada's oldest retailer founded in 1670, is closing all 74 of its stores nationwide by June 2025, including its historic downtown Vancouver flagship store.
- The closures follow years of financial difficulties marked by delayed payments to suppliers, staff reductions, and a court-supervised restructuring that began after a 2024 creditor protection filing.
- Ruby Liu, a B.C. Billionaire and mall owner, acquired 28 Hudson's Bay store leases in B.C., Alberta, and Ontario and plans to launch a new modern department store branded as 'New Bay'.
- Liu aims to prioritize former suppliers and staff while transforming the stores, but faces challenges including landlord approval, costly building repairs, and competition from established retailers and online options.
- The company's shutdown ends a 355-year history linked to Canada, results in more than 8,000 job losses, and leaves an uncertain future for flagship properties amid deferred maintenance and redevelopment plans.
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Redesigning the Bay's old retail spaces will come with challenges and opportunities
Ruby Liu brokered a deal to take over up to 28 of the leases held by Hudson's Bay and its sister Saks businesses in Alberta, B.C. and Ontario and transform them into "a new modern department store." But making the jump from vision to reality won't be easy, experts warn.
·Canada
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Winnipeg Free Press+19 Reposted by 19 other sources
Redesigning the Bay's old stores come with challenges and opportunities
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Hudson’s Bay stores set to close nationwide, stirring nostalgia and questions about the future Hudson's Bay stores closing, stirring nostalgia
All Hudson's Bay stores -- including its Granville location in Vancouver -- are set to close this Sunday, and shoppers are mourning the cherished landmark.
·Toronto, Canada
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