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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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Wall Street Ends Week With Small Gain, But Big Loss


The US stock indexes closed slightly higher on Friday, but it was not enough to prevent the S&P 500 and Nasdaq Composite from having their worst weekly performance in months. The uncertainty over interest rate cuts has been cited as a major factor in the decline.

The economic data releases offered contrasting views on the state of the US economy: a robust jobs report from the Labor Department, which showed US employers hired more workers than expected in December, and a weak services sector survey from the ISM (,Institute for Supply Management) which showed activity in the services sector fell in December.

Some individual stocks had notable movements on Friday, such as Peloton (up on a TikTok deal) and Palantir (down on a Jefferies report).


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