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 […]
Experts speculate on what will fill the large retail spaces if London's Hudson's Bay stores at Masonville Place and White Oaks Mall close due to the company's bankruptcy filing. Mixed-use developments including office space, entertainment, culture, community centers, and smaller retail offerings are possibilities, along with residential towers. The decline of department stores is attributed to competition from big-box retailers, e-commerce, and changing consumer preferences.