US EditionThe collapse of Hudson’s Bay signals a turning point for Canadian legacy retailers
- Hudson's Bay Company, Canada's oldest company, filed for protection from creditors on March 7, owing more than Can$1 billion and received court approval to close all but six of its 80 stores.
- The company's liquidation process is expected to last until mid-June, resulting in the loss of about 9,300 jobs as part of its restructuring process.
- The closures come amid changing consumer habits and increased online shopping, marking a significant shift for Canadian retailers.
- Hudson's Bay is recognized as a significant part of Canadian history, having initiated a colonial process that shaped Canada.
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Pacific Daily News+57 Reposted by 57 other sources
Hudson's Bay Company: from fur trade to department store downfall
From the 17th century fur trade that birthed a nation to the last major department store in Canada, The Hudson's Bay Company has left an indelible mark, but its storied 354 years are crashing to an end.
Winnipeg Free Press+16 Reposted by 16 other sources
Judge rejects Hudson's Bay proposal in creditor protection case
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Her daughter had a passion for HBC’s iconic stripes. Now she’s been collecting Hudson’s Bay items for a decade
With Hudson’s Bay liquidating all but six of its stores in Canada, items with their iconic HBC stripes are flying off the shelves. Emma Weller spoke with a Gatineau woman who has been collecting them for years.
·Canada
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Total News Sources136
Leaning Left35Leaning Right18Center11Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 17%
R 28%
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