Historic retailer Hudson's Bay will begin liquidating all but 6 stores and close by June 30th. This comes after they've filed for creditor's protection earlier this month on March 7th. This also includes the Canadian Saks Fifth Avenue locations as these were operated by Hudson’s Bay under a license agreement with Saks Global.
I saw this coming as they began to operate on reduced hours, some of their stores suffered from maintenance issues, the stores were tired looking, and were devoid of customers. They did remodel a few high-profile locations and tried to relaunch Zellers as a section in Hudson’s Bay a few years ago to no success. I do hope that Hudson’s Bay somehow gets saved so the brand can live on, but I’m not holding my breath on that. We’ll wait and see I guess.
Edit: Corrected to say that Hudson’s Bay will liquidate with expected end date.
Also, I saw an article that said that 6 stores will be spared from liquidation. 3 in Ontario and 3 in Quebec. Here’s the list:
- Yonge Street (flagship store)
- Yorkdale Mall
- Hillcrest Mall (Richmond Hill ON)
- Montreal
- Carrefour Laval Mall
- Point-Claire
Until the next post,
Dom
Sad to hear, but at least those 6 will stay open I guess.
ReplyDeleteI'm glad that Hudson's Bay will live on for now with those 6 stores.
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