Bankrupt Canadian Retailer Hudson’s Bay to Shutter 7 Remaining Stores

Bankrupt Canadian Retailer Hudson’s Bay to Shutter 7 Remaining Stores

The retailer Hudson’s Bay, Canada’s oldest continuously operating company, is winding down its six remaining namesake stores plus a Saks Fifth Avenue that were not included in its liquidation plans. Retail Dive reports the company declared that “a viable bid for the...
Bankrupt Canadian Retailer Hudson’s Bay to Shutter 7 Remaining Stores

Hudson’s Bay, Canada’s Oldest Retailer, to Close Nearly All Stores

The retailer Hudson’s Bay, Canada’s oldest continuously operating company, has begun liquidating nearly all of its stores. According to combined media reports, the company – which dates to 1670 – filed for creditor protection earlier this month. It owes $950 million...