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Tariff Costs Put New Pressure on U.S. Corporate Profits

Rising tariff expenses are beginning to weigh heavily on U.S. companies, prompting executives across multiple industries to warn that profit margins may tighten in the months ahead. Many firms had initially suggested they could manage the added costs through efficiency improvements or selective price increases, but that confidence is fading as import-related expenses continue to climb. Companies that rely on global supply chains are feeling the strain most acutely. Higher costs on imported materials and components are forcing difficult decisions: pass the increases on to consumers, risking weaker demand, or absorb the costs internally, which directly erodes profitability. For many businesses, neither option is attractive. Consumer-facing brands are finding it especially challenging to raise prices further, as shoppers show growing sensitivity to even modest increases. This resistance limits the ability of firms to offset tariff-driven expenses, creating a squeeze that is beginning t...
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Hudson's Bay: A Canadian Legacy Faces Major Downsizing


Hudson’s Bay Company, a cornerstone of Canadian retail history, is set to undergo a significant transformation. Following a court decision, the company will retain only six stores across Ontario and Quebec, including flagship locations in downtown Toronto and Montreal. Meanwhile, liquidation sales for the remaining 74 stores will commence on March 24, 2025, with closures expected by June.

This decision comes after years of financial struggles and shifting consumer habits that have challenged traditional brick-and-mortar retailers. The retained stores represent a glimmer of hope for the 354-year-old institution, but the closures mark the end of an era for many communities across Canada.

As the liquidation process begins, shoppers will have a final opportunity to visit these iconic stores and purchase merchandise at discounted prices. The company’s future remains uncertain, but its impact on Canadian history and retail culture is undeniable.

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