Calgary Hudson's Bay faces impending liquidation and job losses

news.yahoo.com

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.


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Timeline:

    [3.1]
    Hudson's Bay seeks to liquidate stores, avoid shutdown (financialpost.com)
    4h
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    [3.1]
    Hudson's Bay closing all Canadian stores, 10,000 layoffs (dailymail.co.uk)
    4h
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    [1.8]
    Hudson's Bay Langley faces potential closure and liquidation (news.yahoo.com)
    5h
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    [3.0]
    Toronto mayor saddened by Hudson's Bay liquidation plans (cp24.com)
    6h
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    [2.8]
    Hudson's Bay seeks court approval for full liquidation (financialpost.com)
    6h
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    [1.9]
    Hudson's Bay begins liquidation sales across Canada (theglobeandmail.com)
    12h
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    [3.4]
    Hudson's Bay stores face closure in 10 to 12 weeks (theglobeandmail.com)
    14h
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    [3.6]
    Hudson's Bay seeks court approval for liquidation (cbc.ca)
    14h
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    [3.7]
    Hudson's Bay seeks court approval for liquidation (thestar.com)
    20h
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    [3.6]
    Hudson's Bay Company to liquidate, risking 9,000 jobs (thestar.com)
    2d 7h
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    [3.6]
    Hudson’s Bay plans liquidation, impacting 9,300 jobs (financialpost.com)
    2d 8h
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    [3.8]
    Hudson's Bay to liquidate due to financial struggles (globalnews.ca)
    2d 15h
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    [4.2]
    Hudson's Bay plans liquidation without financing, risking jobs (cbc.ca)
    3d 1h
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    [3.6]
    Hudson’s Bay plans to liquidate without additional funding (financialpost.com)
    3d 1h
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    [3.7]
    Hudson's Bay to liquidate stores next week (toronto.citynews.ca)
    3d 1h
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    [3.5]
    Hudson’s Bay Co. plans to close all Canadian stores (theglobeandmail.com)
    3d 1h
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    [3.6]
    Hudson's Bay may fully liquidate without financing (financialpost.com)
    3d 2h
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    [3.2]
    Hudson's Bay Company faces nearly $1 billion debt (cbc.ca)
    3d 7h
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    [3.4]
    Hudson's Bay Co. faces financial crisis, 9,000 jobs at risk (theglobeandmail.com)
    3d 9h
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    [3.2]
    Hudson's Bay owes $950 million to 1,900 creditors (thestar.com)
    4d 5h
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    [2.3]
    Hudson's Bay files for creditor protection, future uncertain (cbc.ca)
    4d 6h
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    [2.6]
    Hudson's Bay files for creditor protection, future uncertain (cbc.ca)
    4d 7h
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