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Hudson’s Bay Battles Lender Over Ruby Liu Lease Deal in Ontario Court

Hudson’s Bay Co. is pushing back against a motion filed by its senior lender, Restore Capital LLC, which seeks to terminate a controversial lease sale to billionaire Ruby Liu. The retailer has asked the Ontario Superior Court to dismiss the motion, arguing that the deal represents its best chance to recover funds for creditors amid its ongoing liquidation. The dispute centers on Hudson’s Bay’s plan to sell up to 28 store leases—25 of which remain pending court and landlord approval—to Liu’s company, Central Walk. While three leases have already been approved for $6 million, Restore claims the remaining transaction is draining resources, citing over $18 million in rent and professional fees with no clear path to completion. Hudson’s Bay CFO Michael Culhane defended the deal, stating that Restore was fully aware of the risks and had previously supported the transaction. He emphasized that Liu has already made a $9.4 million deposit and that the sale could generate significant recoveries ...
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Walmart Revamps In-Store Experience: Self-Checkout Machines to be Phased Out

 

In a significant shift in retail operations, Walmart has announced the removal of self-checkout machines from select stores, aiming to enhance the customer shopping experience. This decision comes as part of a broader strategy to provide more personalized service and efficient assistance through human cashiers.

Key Changes:

  • Self-Checkout Removal: Two Walmart stores, one in St. Louis and another in Cleveland, are set to eliminate self-checkout machines within two weeks.
  • Customer Service Focus: The move is intended to improve in-store shopping and offer customers more personalized service.
  • Industry Trend: Walmart follows other retailers like Target and Dollar General in reducing reliance on self-service checkout due to theft concerns and customer feedback.

Impact on Shoppers: Shoppers can expect a more traditional checkout experience with staff assistance, potentially reducing theft and errors associated with self-service machines. The change also reflects Walmart’s commitment to addressing customer needs and enhancing the overall shopping environment.

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