Shoppers rush for Hudson’s Bay striped items in Toronto

financialpost.com

Shoppers at Hudson's Bay in Toronto are in a rush to buy items as the company faces financial troubles. Many believe the iconic retailer, which has been around since 1670, may soon shut down. Brian Bursten, a customer, found a striped pillow for his nephew after searching through a nearly empty store. The store has filed for creditor protection and may need to close all 80 locations unless it secures new financing. Customers crowded the store, hoping to find products with the brand's distinctive stripes. However, popular items like the famous point blankets were already sold out. Shoppers reported clearing out almost all stock, often asking staff where to find any remaining items. A line formed at the cash register, where many were buying striped socks. Experts say Hudson's Bay is held in high regard by Canadians, likening its popularity to Tim Hortons. Some people are even selling Hudson's Bay products online for high prices, with wool blankets going for as much as $3,500. Many shoppers are eager to buy souvenirs before the store potentially closes for good. Others expressed sadness about the decline of big retailers, pointing to online shopping as a reason for the challenges.


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    Shoppers rush for Hudson’s Bay striped items in Toronto (financialpost.com)
    1d 21h
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