4 h. ago Hudson's Bay liquidation sales end soon then stores in Canada close forever

After 355 years, beginning as a fur trading company incorporated by King Charles II, the end of Canada's oldest retailer is fast approaching.Hudson's Bay Company is expected to shutter all of its department store locations by June 2025, marking the final phase of a nationwide liquidation process that began in late March.In late April, the company confirmed it would close the last six stores that had initially been exempt from the first round of closures, including the heritage flagship stores in downtown Toronto and downtown Montreal, as well as Yorkdale Shopping Centre in Toronto, Hillcrest Mall in Richmond Hill, CF Carrefour Laval mall, and CF Fairview Pointe-Claire mall.According to a new court filing on Friday by the court-appointed monitor Alvarez & Marsal, liquidation sales at all 74 Hudson's Bay department stores and three Saks Fifth Avenue locations are currently expected to continue until no later than Sunday, June 1, 2025.As of last week, approximately 90 p...

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2 w. ago Hudson’s Bay liquidation begins at final stores with markdowns of up to 70%

TORONTO — When the flagship Hudson’s Bay store in Toronto opened Friday morning, customers burst through the doors on a mission to find one thing: deals. Some jogged through the 675,700-square-foot store on Yonge Street in hopes of getting first pick of the company’s famed stripes merchandise. Others made a beeline for the jewelry department, […]

Sport

2 w. ago Hudson’s Bay is liquidating all of its stores. Here’s what you need to know

Hudson’s Bay has begun liquidating all of its stores after the company filed for creditor protection in March. Here’s how the process is unfolding so far: Which stores are part of the liquidation? All of them. Initially, Hudson’s Bay was liquidating all but six of the 80 locations it has under its Hudson’s Bay banner, […]

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2 w. ago Hudson’s Bay liquidation begins at final stores with markdowns of up to 70 per cent

Liquidation sales at Hudson's Bay's remaining stores got underway this morning with a hearty showing from customers who revelled in discounts of up to 70 per cent.

Sport

2 w. ago Over a dozen interested parties eyeing leases of 65 Hudson's Bay store locations

As the Hudson's Bay Company era nears its end, many of its soon-to-be vacated spaces may find new life with different tenants, with decisions on many sites expected in the weeks ahead.By Summer 2025, all 96 of the company's brick-and-mortar stores will close following a liquidation process that first began last month — including six locations that had previously been spared, such as the downtown Toronto and downtown Montreal flagship stores, but are now slated for closure as of a new court filing this week.From the outset of the court-approved liquidation process last month, Hudson's Bay engaged commercial real estate firm Oberfield Snowcap to market and sell its leases and properties, as a measure to generate additional operating revenue. This has been aptly named as the "Lease Monetization Process."Final bids for leases due on May 1According to a court filing earlier this week, as a part of the ongoing federal Companies' Creditor...

Culture

2 w. ago Hudson’s Bay to liquidate remaining stores as hope of finding a buyer fades

TORONTO — Hudson’s Bay will start selling off all merchandise on Friday at the six stores previously spared from liquidation, effectively ending the retail empire’s reign and significantly dimming the possibility that the business dating back to 1670 will stay alive. Canada’s oldest company is making the move because “it is unlikely” that it will […]

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2 w. ago Hudson’s Bay will liquidate last 6 remaining stores, court filing says

If a bid for the remaining stores is received that keeps them alive, Hudson's Bay retains the right to remove them from the liquidation process.

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2 w. ago Hudson’s Bay to liquidate all remaining stores, court filing says

A new court filing says Hudson’s Bay will start selling off all merchandise on Friday at the six stores previously spared from liquidation.  Adam Zalev, managing director of Hudson’s Bay’s financial adviser Reflect Advisors, says in an affidavit that Canada’s oldest company is making the move because there is a “low probability” that it will […]

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2 w. ago Hudson’s Bay ends some workers’ commission pay amid liquidation: Unifor

The move comes as Hudson's Bay winds down all but six of the stores it and its sister Saks companies run as its restructuring under court protection from creditors continues.

Society