this post was submitted on 22 Mar 2025
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Canada's oldest company to liquidate all but 6 stores starting Monday (apnews.com)
submitted 1 week ago by [email protected] to c/[email protected]
13 comments fedilink hide all child comments
 

The approval from Ontario Superior Court Judge Peter Osborne allows the retailer, which dates back to 1670, to begin selling off inventory at most of its 80 Hudson’s Bay stores, three Saks Fifth Avenue locations and 13 Saks Off 5th shops in Canada.

“This is the art of the possible and we are where we are today. In my view, there is no other alternative,” Judge Osborne said.

The six stores being saved from the liquidation sale include the flagship on Yonge Street in Toronto, as well as a store in the city’s Yorkdale mall and another farther north in Hillcrest Mall in Richmond Hill, Ontario The remaining three span Montreal, the Carrefour Laval mall and Point-Claire, Quebec.

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[–] [email protected] 18 points 1 week ago (10 children)

Never been huge on Hudson's Bay, but honestly this can be owed to improper regulation of online shopping. The fact that the government hasn't done more to protect Canadian businesses from online competitors, namely Amazon, is absurd, especially with the ridiculously wasteful practices Amazon has made an industry standard.

It's already a pain for malls and shopping outlets to find replacements for old Sears and Target/Zellers locations. This being added to the mix is going to deal a huge blow to malls where Hudson's Bay is seen as an anchor, and an equally large blow is going to be dealt to the social shopping experience.

Being from Edmonton, Kingsway Mall already comes to mind. When Sears closed, the space eventually became occupied by a Walmart, and it's worrisome to think of another heavily American retailer swooping in on where Hudson's Bay is currently, or it being the case that they demolish the entire section of the mall similar to what they did at Mill Woods Town Centre with the old Target/Zellers space.

[–] [email protected] 9 points 1 week ago

Turning those old spaces to Walmarts is worse. I’ve stopped using Amazon and Walmart 💪🏼

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