US EditionLucrative retail spaces up for grabs as future unclear for Hudson’s Bay
- Hudson's Bay could soon close permanently due to financial struggles after 350 years in business, awaiting court approval for liquidation.
- The Ontario Superior Court is considering the liquidation process, which could start this week and last up to 12 weeks, according to Hudson's Bay Company.
- If all 80 stores close, over 9,000 workers will lose their jobs, and Hudson's Bay owes nearly $1 billion to creditors.
- Experts say Hudson's Bay's potential liquidation would significantly impact Canadian retail, leaving many stores vacant.
33 Articles
33 Articles
What went wrong? Analysts say Hudson's Bay couldn't compete among nimble competitors with pretty stores
HALIFAX — Retail experts say the looming demise of Hudson’s Bay Co. as a national presence would be a “historic loss” but not surprising, given the retailer’s inability to draw customers into stores.
What went wrong? Analysts say Hudson’s Bay couldn’t compete among nimble competitors with pretty stores
HALIFAX - Retail experts say the looming demise of Hudson’s Bay Co. as a national presence would be a “historic loss” but not surprising, given the retailer’s inability to draw customers into stores.
Hudson’s Bay potential closure could open prime real estate, uncertainty for landmark buildings
Financially-troubled Hudson’s Bay’s flagship stores are located in the centre of many of Canada’s major cities or else serve as anchor tenants in many of the country’s biggest shopping malls, which means a lot of prime real estate may soon be on the market.
'Iconic': Downtown Calgary Hudson's Bay building served as a template for retail empire
When the Hudson's Bay Co. commenced building its flagship western Canadian store in downtown Calgary just before the First World War, its executives were aghast at the $1.5 million price tag and had second thoughts.
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