Calgary Hudson's Bay faces impending liquidation and job losses
Hudson's Bay employees and customers are reacting emotionally to the news of the chain's impending liquidation. Many staff members at the Market Mall location expressed sadness and uncertainty about their future, as 9,364 employees face potential job loss. Signs of decline have been evident for years, with maintenance issues and store closures. The Bay has downsized locations, including its historic downtown store, and closed its Banff store in August 2023. Retail analysts note that the closure will leave significant gaps in shopping malls. The decline of Hudson's Bay reflects broader changes in retail, as younger shoppers prefer online and specialty stores.