Hudson's Bay likely to close some stores as part of restructuring: experts

Bloomberg
03-10

TORONTO — Retail and insolvency experts expect Hudson’s Bay will close some of its stores as it restructures through creditor protection.

While the department store chain dating back to 1670 hasn’t announced plans to shutter locations, Insolvency Insider newsletter editor Dina Kovacevic says it’s not unusual for retailers under creditor protection to take such a step.

Kovacevic says it is likely Hudson’s Bay and its advisers will figure out which of its 80 stores are least profitable and work to liquidate them, providing some breathing room to the higher performing locations.

Liza Amlani, the co-founder of the Retail Strategy Group, agrees closures could be on their way and warns that would spell layoffs for workers at Hudson’s Bay, which is Canada’s oldest company.

If that process unfolds, Amlani says shoppers would notice liquidation sales and everything from inventory to store furniture would be sold off.

Hudson’s Bay attributed the creditor protection filing it made Friday to subdued consumer spending, trade tensions between the U.S. and Canada and post-pandemic drops in downtown store traffic.

This report by The Canadian Press was first published March 10, 2025.

Tara Deschamps, The Canadian Press

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10