Skip to main content

Featured

Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...
Post a Comment
Read more

article

Labels

End of an Era: Hudson’s Bay Faces Potential Closure

 

Hudson’s Bay Company, a cornerstone of Canadian retail history, is on the brink of a full shutdown. The company, which dates back to 1670, has announced plans for an "immediate" liquidation process unless last-minute financing can be secured. This decision comes after the company filed for creditor protection earlier this month, citing nearly $1 billion in debt and ongoing financial struggles.

The potential closure would impact 80 Hudson’s Bay stores across Canada, along with three Saks Fifth Avenue and 13 Saks Off 5th locations operated under a licensing agreement. Over 9,000 employees face job losses, and shopping malls across the country may struggle to fill the large retail spaces left behind.

Despite the grim outlook, Hudson’s Bay executives remain hopeful. They are actively seeking support from landlords and other stakeholders to salvage parts of the business. CEO Liz Rodbell emphasized the importance of the company’s legacy, sharing heartfelt stories from customers and employees about the role Hudson’s Bay has played in their lives.

If no solution is found, liquidation sales could begin as early as next week, marking the end of an era for Canada’s oldest retailer.

Labels:

Comments

Post a Comment

Popular Posts