4 d. ago Nanaimo shopping centre for sale after billionaire owner announced intention to buy Hudson's Bay stores

The listing for Nanaimo’s Woodgrove Centre was posted by Colliers International on Tuesday, a little more than a week after the mall’s billionaire owner, Weihong Liu, announced on social media her intention to buy “dozens” of Hudson’s Bay stores.

Other

5 d. ago Why Simons and Holt Renfrew are unlikely to want all of Hudson’s Bay’s real estate

TORONTO — When Hudson’s Bay revealed it was liquidating almost the entirety of its empire, some thought the selloff would be an opportunity for two of Canada’s last standing department stores: La Maison Simons and Holt Renfrew. Because their size and product mix resemble the Bay’s at first glance, the rivals might have seemed like […]

Other

5 d. ago Owner of three shopping malls in B.C. says she wants to buy Hudson’s Bay

A Chinese billionaire in British Columbia has taken to social media to announce her plans to buy dozens of Hudson’s Bay locations after she saw “Canadians feeling sad” over the collapse of the retail giant. Entrepreneur Weihong Liu is the board chairwoman of Central Walk, a retail investment company that owns three shopping centres in […]

Other

6 d. ago Chinese billionaire in B.C. says she wants to buy Hudson’s Bay

A Chinese billionaire in B.C. has announced plans to buy dozens of Hudson's Bay locations after she saw "Canadians feeling sad" over the collapse of the retail giant. 

Other

6 d. ago Hudson's Bay announces huge warehouse sale in Toronto amid liquidation

Hudson's Bay has just announced a major warehouse sale, the likes of which we've rarely seen, while liquidation continues at the majority of its stores in Canada.It's been a tough go for Canada's oldest company, as Hudson's Bay filed for creditor protection last month, sending the majority of its locations across the country into liquidation, slated to close in the coming months.Fortunately for consumers, business struggles for them can also mean major savings for us, and, in their latest move, The Bay is announcing major price cutbacks at their warehouse.While regularly, shoppers can expect to find discounts of up to 30 per cent off Hudson's Bay products at their Etobicoke warehouse, this sale is ramping things way up, with discounts of up to 60 per cent off everything.When I say everything, I really do mean everything. You'll be able to score 60 per cent off furniture and 50 per cent off patio furniture, on top of discounts on kitchenware, apparel, decor, handbags and ev...

Other

3 w. ago Hudson’s Bay liquidation on hold as discussions continue to diffuse differences

TORONTO — Hudson’s Bay’s proposed liquidation is still on hold as the company works to address its differences with landlords and other stakeholders after filing for creditor protection earlier this month. The department store chain that holds the title of Canada’s oldest company asked an Ontario court Monday for permission to close all 80 of […]

Other

3 w. ago Hudson’s Bay shoppers scramble for striped products as company seeks liquidation

TORONTO — Hudson’s Bay’s signature blankets and other striped merchandise are flying off the shelves as Canadians scramble to pick up a piece of the storied retailer seeking permission to liquidate. Shoppers at the company’s Toronto flagship store Wednesday before the lunch rush, hunted for any product bearing the brand’s distinctive markings that were left […]

Economics

3 w. ago Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’

TORONTO — The possible liquidation of Hudson’s Bay is also bringing into question the future of its huge retail footprint, and highlighting the exposure other companies have to its potential downfall. RioCan Real Estate Investment Trust is especially exposed to Hudson’s Bay’s financial woes because the two companies co-own 12 store properties, including some of […]

Economics

4 w. ago Canada’s Oldest Company, Hudson’s Bay, Tries to Avoid Full Liquidation

Hudson’s Bay Co. fought to avoid a full shutdown in a Toronto courtroom on Monday, asking for permission to begin liquidating most of its stores this week.

Economics