TORONTO — Analysts say the planned liquidation of Hudson’s Bay will leave a hole in the country’s retail landscape, as Canada’s oldest company prepares to wind down in the coming months unless it can find a last-minute solution. Retail experts attribute a combination of missteps that led to Friday night’s announcement from Hudson’s Bay, which […]
Experts attribute Hudson's Bay's planned liquidation, pending court approval, to a lack of store investment and underlying business issues. This would result in approximately 9,364 job losses across its Canadian locations. Analysts cite misaligned store hours, unrepaired infrastructure, and American ownership focused on short-term financial gains as contributing factors to the company's decline.