6 h. 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

20 h. 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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21 h. 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.

Other

21 h. 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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51 h. 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

2 w. 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 […]

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2 w. 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...

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3 w. ago Here are the discounts Canadians can get at Hudson's Bay liquidation sale

The Hudson's Bay Company (HBC) liquidation sale is now underway.North America's oldest retailer officially announced that it would shutter all but six Canadian locations last week.It received approval from the Ontario Superior Court of Justice to run liquidation sales from March 24 to June 15."The sales offer customers a chance to find great deals from this historic retailer that has endured for generations," reads a statement from HBC.If you haven't had a chance to check out the Hudson's Bay liquidation sale, here's a look at just how much you can save.There are 73 Hudson's Bay stores participating in the sale, in addition to two Saks Fifth Avenues and 13 Saks Off 5th stores in Canada.HBC discounts range from 15 per cent to 40 per cent off the lowest ticketed prices across the store.Canadians looking for deals at Saks Fifth Avenue and Saks Off 5th will get 15 per cent discounts off the lowest ticketed price across the store.Megan Devlin/Daily Hive"While all merchandise is being sol...

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3 w. ago Hudson’s Bay liquidation sales don’t apply to all products. Which ones?

Hudson's Bay, Canada’s oldest company, is liquidating all but six of its stores after it filed for creditor protection earlier this month.

Other

4 w. ago Hudson’s Bay awaits timeline for saving remaining six stores rescued from liquidation

TORONTO — Canada’s oldest company, Hudson’s Bay, may be on the verge of landing more time to save the six stores it has temporarily been able to rescue from liquidation. An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring that could help the beleaguered department store find a […]

Events

4 w. ago Letters to The Sun: HBC building is ideal new home for Vancouver Art Gallery

Re: Vancouver Art Gallery aiming for small, simple, cost-conscious new building With the abandonment of the Herzog & de Meuron plan for a future Vancouver Art Gallery on the old bus depot site, a less-costly alternative needs to be explored. With the current liquidation of Hudson’s Bay, retention of its downtown heritage building would present […]

Culture

4 w. ago Shoppers bid farewell to Dartmouth Hudson’s Bay store as liquidation sale begins

Shoppers arrived early for the official start of liquidation at the Hudson's Bay in Dartmouth, N.S. on Tuesday. 

Culture

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

Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Here’s how the process is unfolding so far: Which stores are part of the liquidation? Hudson’s Bay wants to liquidate all but six of its stores. It has 80 stores under the Hudson’s Bay […]

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