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Judge Halts Retailer’s Bid for Former Hudson’s Bay Space at Yorkdale

Judge blocks department store from moving into former HBC space at Yorkdale mall. A proposed plan to open a new retailer in the former Hudson’s Bay space at Yorkdale Shopping Centre has been stopped by an Ontario judge. The decision blocks a deal that would have transferred the large anchor location to a discount-focused department store operator. The court found that the arrangement did not meet the standards required for such a major tenancy change, supporting Yorkdale’s position that the retailer was not an appropriate fit for the mall’s upscale environment. The ruling ends months of dispute over the future of the vacant three-level space and underscores the challenges malls face as they try to repurpose former department store footprints. Yorkdale, known for its luxury brands and high-end positioning, is now expected to pursue alternatives that better align with its long‑term strategy.
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2023 Holiday Season E-Commerce Spending Breaks Records


According to research data from Adobe, online consumer spending broke records over the 2023 holiday season, with consumers spending over $22 billion. This is the largest revenue in the past three years, with value-driven purchases still the focus. Thanksgiving to Cyber Monday saw 22% of purchases, due to the various sales opportunities during that window. Yahoo Finance’s Brooke DiPalma breaks down these numbers and weighs in on the buy now, pay later trends’ role in holiday spending.

The trend of online shopping has been on the rise for years, and the 2023 holiday season was no exception. With the convenience of online shopping, consumers are able to purchase items from the comfort of their own homes. The rise of buy now, pay later options has also made it easier for consumers to make purchases without having to pay the full amount upfront.

Overall, the 2023 holiday season was a success for e-commerce, with record-breaking sales and a focus on value-driven purchases. 

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