69 h. ago Canadian brand Frank and Oak to close most stores, seek buyer

Canadian apparel retailer Frank and Oak plans to close the majority of its retail stores and liquidate stock while maintaining its online store as it seeks a buyer.

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3 d. ago Frank and Oak fermera neuf magasins d’ici début mai, notamment au Québec

L’entreprise montréalaise tente depuis décembre de se restructurer et d’éviter la faillite.

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3 d. ago Frank and Oak to close nine stores by May 7 as it seeks buyer or investor

Apparel retailer Frank and Oak says it is closing nine stores across Quebec, Ontario and British Columbia by May 7. Court documents show the Montreal-based company has 150 employees, but when asked about how many will lose their job as a result of the closures, spokesperson Elisabeth de Gramont said she did not have that […]

Other

5 d. ago Seven & i’s guidance miss adds to pressure amid takeover bid

Seven & i and Couche-Tard have agreed to seek a third-party buyer for overlapping retail outlets as a prerequisite for takeover talks

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2 w. ago Toronto grocery store permanently closing and you might be able to live there soon

A neighbourhood grocery store is officially preparing to close its doors for good next week, and you might soon be able to live in the space where it's thrived for several years.Silva Groceries Ltd., located at 1921 Davenport Rd., is known for its fresh produce, pantry staples, flowers, and seedlings. The store has been a go-to spot for locals for years, but as the neighbourhood evolves, change is on the horizon, and the building is proposed to be redeveloped into a five-storey mixed-use structure.An application for the development of the building has been submitted to the City and is currently under review. If approved, the 3,000-square-foot building will be transformed into a modern space with 19 residential units and commercial space on the ground floor.The building's design is proposed by Ambient Designs Ltd., the firm behind the stylish Ethica Coffee Roasters building on Sterling Road.The project proposes to include four parking spaces at the rear, which will be acces...

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3 w. ago Hudson's Bay is keeping 3 of its Ontario locations open amid liquidation

A small flame may still flicker for the future of the Hudson's Bay Company, but much of the country will remain in the dark without the physical presence of Canada's oldest retailer and company.As part of its restructuring under creditor protection from the federal Companies' Creditors Arrangement Act (CCAA), the retailer returns to the Ontario Superior Court of Justice today, seeking approval to keep just six stores open while beginning the liquidation of its remaining locations and e-commerce business on Monday, March 24, 2025, when fire sale prices of merchandise begin.This retains just 7.5 per cent of Hudson’s Bay's existing network of 80 stores across the country. Additionally, the three Saks Fifth Avenue and 13 Saks OFF 5th outlet stores will close.These select stores saved from the chopping block will be limited to Ontario and Quebec, where Hudson’s Bay has 32 and 13 stores, respectively. As well, three of the four distribution centres are currently located i...

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3 w. ago If London's landmark Hudson's Bay stores close, what will fill the space?

The loss of Hudson’s Bay stores at London’s two landmark shopping malls will leave massive holes in the city’s retail space that won’t be easy to fill, experts say. But look for a diverse mix from office to entertainment, culture and community, and even some smaller retail offerings to fill the void, they agree, as […]

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4 w. ago Hudson's Bay liquidation may begin soon as Canada's oldest company collapses

Hudson's Bay Company has signalled its readiness to take the next major step in its creditor protection and restructuring process, a move that will significantly reshape Canada's commercial retail real estate market and result in major job losses.In an announcement on Friday night, the Canadian department store retailer announced a "store-by-store liquidation process" will begin as soon as this week.On Friday, March 14, 2025, the company filed additional documents with the Ontario Superior Court of Justice indicating that it has only secured limited debtor-in-possession financing, which now necessitates the "full liquidation of the entire business.""Assuming receipt of a Court order on Monday at the 'comeback motion,' store liquidations will begin next week," reads the news release last Friday.According to the latest court documents, Hudson's Bay intends to conclude its liquidation process by no later than June 15, 2025, at which point its store locations would also close.During the...

Economics

4 w. ago 'Pretty emotional': Calgary Hudson's Bay staff, customers reflect on retail empire's demise

None of the employees knew when the store would close or when their last day on the job would be. They're among the 9,364 Bay employees that could well be out of a job soon. Signs of the chain's impending collapse have been apparent at the store for months, if not years.

Economics