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
The company goes back centuries. The Hudson Bay Company goes back to I think the 1600’s. They were behind much of the exploration of Western Canada.
Oh well. Too bad. Canada is for cucks.
The cries of Blame Trump are coming of course…
Huson Bay has a wonderful heritage, but it is a dinosour in the 21st century. Jackass Joe’s economy certainly didn’t help anything and was probably the coup de gras. Many well-esablished companies have suffered from a lack of traffic as a result of changing shopping trends.
I worked for K-Mart when they were their own company and were everywhere, and I worked for Sears before they bought K-Mart and were the hugest thing ever. I could not imagine at the time anything so big going out of business, but here we are.
I got out before they collapsed in both cases tho. Maybe an intuition from God, IDK. But you see ME leaving, fresh up your resume because its about to get spicy…
…but my nephew worked for Big Lots and you see how THAT went, so the cycle continues.
Dont be surprised if a big box retailer goes under.
The only real surprise in the Age of Amazon, the Tenure of Temu, absurd real estate prices and concomitant taxes, and the rampant and apparently “legal” shoplifting sprees by certain folks is really just wondering how they lasted as long as they did..
I am Canadian, 73 years old. As a teen-ager in Edmonton in the late 1960’s, I loved shopping at The Bay. Even in the 1970’s and early 1980’s. It was purchased in the 1990’s by a large firm from New York City and has steadily gone downhill. Very few staff who act upset if you ask them a question, poorly displayed merchandise Haven’t shopped there for at least 10 years. The age of the department store and large shopping malls reached its zenity in the 1980’s and is now “in the past”. Sic Transit Gloria!
Will JC Penney’s go the way of Monkey Wards, Sears after it was ruined by merging with K-Mart, Macy’s and other dept. stores next? I hate to think that Wally World would be the sole survivor or Target for that matter.
JMM
Wednesday, 19 March 2025, 9:53 at 9:53 am
“Very few staff who act upset if you ask them a question…”
…the very last time I was in a Sears before they imploded was a couple decades ago, and even then the staff was, uh, “Disintrested”. I tried to buy a drill and a guy sent me over to a kiosk when I asked for help. Not sure what he was supposed to be doing there then, but the net effect of poor business decisions and absurd “customer service” like that is that he is now doing NOTHING there, since there is no longer any “There” to go to…
geoff the aardvark
Wednesday, 19 March 2025, 12:57 at 12:57 pm
“Will JC Penney’s go the way of Monkey Wards, Sears after it was ruined by merging with K-Mart”
…K-Mart was ruined by Eddie Lampert.
Every bad descision and every scrap of debt came from his manoevering to rape the business for his own benefit and no one else’s, customers, employees, and stockholders be damned.
https://www.usatoday.com/story/money/2019/01/24/sears-bankruptcy-eddie-lampert/2667949002/
https://youtu.be/Qws713t3HBY?si=9cWNt2xN8CUtrqvS
…it never had a chance with him at the helm.
None whatsoever.
Monkey Wards. Heh. It always gives me a vision of some old coot hitching up his drawers and telling his wife “Well Ethel, I think I’ll go on down to Monkey Wards an’ buyin that wrench I been thinking ‘bout.”