Hudson Bay Department Store Going Under – IOTW Report

Hudson Bay Department Store Going Under

CBC

Hudson’s Bay was, for decades, a major shopping destination, offering multiple floors of fashion, accessories, furniture and appliances.

But now, it’s likely to meet the same fate as other big department stores in Canada like Eaton’s and Sears, which have already closed their doors due to slow sales and mountains of debt. 

Hudson’s Bay is still holding out hope it will secure enough financing to stay afloat and restructure. But a more likely scenario is that the deeply indebted retailer will soon shut down, and start liquidation sales as early as this week. More

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