Hudson’s Bay prepares to shut down as liquidizing sales begin
By Sasha Pietramala on March 27, 2025
Hudson’s Bay has filed for creditor protection owing nearly one billion dollars to over 2,000 different creditors.
Canada’s oldest department store filed for protection March 7 in an attempt to avoid bankruptcy after 355 years in the retail industry.
Former Hudson’s Bay employee, Isabella Perri, believes the stores closure is a possible retail trend. “Big companies don’t really last. They’re getting lost to competition from Amazon and big retail companies that can do things directly.”
Hudson’s Bay has 88 locations across seven provinces in Canada. Only 6 of those stores may remain open leaving 9,000 jobs at risk.
“Knowing it doesn’t exist and all the history that it leaves behind is going to be gone is really sad,” said Perri.
It’s expected stores will be closed mid June.