11 h. ago Hudson’s Bay having ‘good’ talks with partners, awaiting approval to liquidate

TORONTO — Hudson’s Bay is still waiting to see if it will be granted approval to liquidate stores as the retailer requests more time to work out some of its differences with its myriad of landlords, lenders and other partners. The department store giant was in court Wednesday, where its lawyers asked for up to […]

Culture

12 h. ago Cost of Hudson’s Bay redevelopment in Winnipeg to double, says First Nations group

The Southern Chiefs' Organization says the price tag is currently at $310 million, more than double the original estimate of $130 million.

Economics

14 h. 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

15 h. ago Hudson’s Bay due back in court today as it continues to seek permission to liquidate

TORONTO — Hudson’s Bay will return to court today, where it’s been seeking permission to liquidate all of its stores as it faces financial troubles. Ontario Superior Court judge Peter Osborne said in a filing made late Tuesday that he will continue to hear motions related to the beleaguered department store that filed for creditor […]

Society

16 h. ago Will Hudson’s Bay have liquidation sales? Your questions, answered

Canada’s oldest company, Hudson’s Bay, could soon close its doors to customers as it runs out of business more than 350 years after opening up shop.

Other

17 h. 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 […]

Other

18 h. ago Hudson's Bay stores in Canada could be transformed with huge redevelopments

A key hearing with the Ontario Superior Court of Justice was held on Monday, March 17 regarding the future of the Hudson's Bay Company.However, the judge presiding over the creditor protection and restructuring case did not make a decision over triggering the liquidation, instead opting for more time to process the information presented by the retailer, creditors, landlords and other stakeholders.At the time of writing, no decision by the court has been made, but it could come quickly at any time, perhaps later this week.Hudson's Bay has been unable to pay leases, vendors and loan obligations, and is just days away from missing payroll.Liquidation has been identified as the only major way for the company to secure the interim financing it needs, with the company potentially closing at least half of its 80 department stores. A full closure of all locations is also possible.Monday's meeting was the first since Hudson's Bay submitted its federal Companies' Creditors Arrangeme...

Sport

34 h. ago What the possible closure of Hudson’s Bay stores could mean for the N.S. retail landscape

Hudson's Bay may start to liquidate its stores this week. Nova Scotia shoppers, mall management and a business expert are weighing in on the possible impacts.

Other

35 h. ago Who owns Hudson’s Bay and why Canada’s oldest company is going out of business

It turns out Canada's oldest company hasn't been Canadian for quite some time

Economics

36 h. ago Hudson's Bay employees demand severance pay ahead of chain's liquidation

The union representing the Bay employees in Canada is calling on the company to prioritize workers as it continues its restructuring process.Canadian Labour Congress (CLC) says the Hudson's Bay Company (HBC)'s financial troubles shouldn't "come at the cost of workers' livelihoods."The Canadian retail institution employs around 9,400 people, including 647 who are unionized."We demand that HBC honour its commitments — wages, benefits and severance must be paid. No backroom deals, no vague promises — workers deserve full transparency," reads a statement from the CLC on Tuesday.North America's oldest company filed for creditor protection under the federal Companies' Creditors Arrangement Act (CCAA) on March 7 and received approval from the Ontario Superior Court of Justice on the same day.Last Friday, the Bay announced that full liquidation could begin this week. The latest court documents stated that the company intends to conclude it...

Other

37 h. 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

39 h. ago Hudson’s Bay still waiting for court order as it looks to start liquidating its stores

Like many brick-and-mortar stores, the retailer, with 80 full-line stores across Canada, struggled to compete with e-commerce

Culture

55 h. 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

55 h. ago Curious bargain hunters see empty display cases, low stock at Langley Hudson's Bay

Cases, once filled with watches, sit empty. Some fragrance and beauty counters stand darkened while others show rows of remaining product waiting to be sold. Read more.

Economics

55 h. ago Hudson's Bay store in Langley already showing signs a closure could be near

Curious bargain hunters find cases, once filled with watches, now sit empty. Some fragrance and beauty counters stand darkened while others show rows of remaining product waiting to be sold. 

Other

55 h. ago This B.C. Hudson's Bay store is showing signs a closure could be near

Curious bargain hunters at the Langley store find cases, once filled with watches, sitting empty. Some fragrance and beauty counters stand darkened while others show rows of remaining product waiting to be sold. 

Other

55 h. ago Empty shelves, idle escalators: Shoppers look for piece of history at Bay stores

Empty shelves and idle escalators greeted shoppers Monday as they poked through Hudson’s Bay stores looking for bargains and perhaps a piece of history. In Edmonton, some racks at two Bay locations were picked clean as a mere handful of older men and women took advantage of 40%, 50%, 60% and even 70% discounts. The […]

Other

55 h. ago Amid empty shelves and idle escalators, shoppers seek piece of history at Bay stores

In Edmonton, some racks at two Bay locations were picked clean as a mere handful of older men and women took advantage of 40, 50, 60 and even 70 per cent discounts.

Other

56 h. ago Empty shelves, idle escalators: Shoppers look for piece of history at the Bay stores

Empty shelves and idle escalators greeted shoppers Monday as they poked through Hudson’s Bay stores looking for bargains and perhaps a piece of history. In Edmonton, some racks at two Bay locations were picked clean as a mere handful of older men and women took advantage of 40, 50, 60 and even 70 per cent […]

Other

57 h. ago Hudson’s Bay plans to liquidate. Here are key takeaways from Monday’s court hearing

TORONTO — Hudson’s Bay was in court Monday, seeking approval to begin a full liquidation even as it fights to stay alive. After arguments went on hours longer than expected, judge Peter Osborne said he needed time to review the case and would rule later on the liquidation plan. Here are some key takeaways from […]

Other