{"id":57517,"date":"2025-03-18T15:32:04","date_gmt":"2025-03-18T15:32:04","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/18\/hudsons-bay-waiting-for-court-order-to-liquidate-stores\/"},"modified":"2025-03-18T15:32:04","modified_gmt":"2025-03-18T15:32:04","slug":"hudsons-bay-waiting-for-court-order-to-liquidate-stores","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/18\/hudsons-bay-waiting-for-court-order-to-liquidate-stores\/","title":{"rendered":"Hudson&#8217;s Bay waiting for court order to liquidate stores"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Retail &amp; Marketing<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Like many brick-and-mortar stores, the retailer, with 80 full-line stores across Canada, struggled to compete with e-commerce<\/p>\n<div class=\"callout callout--noindent flex-align-center flex-justify-between\" data-evt-val=\"{\" control_fields=\"\" data-evt=\"visible\" data-evt-typ=\"element_view\"><span class=\"callout__text\"> Get the latest from Naimul Karim straight to your inbox <\/span><button class=\"button button--icon button--primary-alt\" data-id-login-redirect=\"https:\/\/financialpost.com\/author\/nkarim\/newsletters\/\" type=\"button\"><span class=\"button__text\">Sign Up<\/span> <span aria-hidden=\"true\" class=\"button__icon\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 11 11\" width=\"11\"><polygon points=\"1.1 0 7 6 1.1 12 0 10.9 4.8 6 0 1.1\"\/><\/svg> <\/span><\/button><\/div>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Mar 18, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 59\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">4 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"af879a1d-dcef-4bd9-b6e1-732cc19b22c4\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=cmnbDQiDc7sKwkK4mPU6kg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp&amp;sig=zd_AAlb7kYTHiYD5VA8hug 2x\" type=\"image\/webp\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg&amp;sig=RzxYOXc7xPXNVtixXnQ7AQ,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg&amp;sig=q-XOgg6jErky2W7RsAliJA 2x\" type=\"image\/jpeg\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp&amp;sig=sp5d-E_nfZsutjvCMTi7qg,&#10;            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https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=fuLr35G_PAhrQ3bRxe09OA 2x\" type=\"image\/webp\"><img alt=\"The closure of Hudson\u2019s Bay, which employs about 9,360 people, would \u201cdrastically\u201d alter the dynamics of malls nationally by removing a \u201cmajor anchor and driver of customer traffic.\" type:primaryimage=\"\" https:=\"\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">The closure of Hudson\u2019s Bay, which employs about 9,360 people, would \u201cdrastically\u201d alter the dynamics of malls nationally by removing a \u201cmajor anchor and driver of customer traffic.&#8221;<\/span> <span class=\"credit\">Photo by NICOLE SULLIVAN\/CAPE BRETON POST\/Postmedia files<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Hudson\u2019s Bay is still trying to get a court order that will allow it to start liquidating its outlets, but a key real estate partner says it is disappointed by how the country\u2019s oldest department store is looking to restructure itself.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\"><span>RioCan Real Estate Investment Trust, one of Canada\u2019s largest REITs, and Hudson\u2019s Bay are part of a joint venture that runs several HBC stores in prime locations. <\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section 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comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p><span>Hudson\u2019s Bay has asked an Ontario court to temporarily exempt it from making payments linked to the joint venture as it looks to regain financial stability, but RioCan on Tuesday said it was \u201cessential that any restructuring steps are on fair and balanced terms.\u201d\u00a0<\/span><\/p>\n<p>RioCan also said it will \u201cpursue <span>all available business and legal avenues,\u201d and will leverage its \u201cleasing and development capabilities to achieve the best possible outcome\u201d for the properties in the joint venture.\u00a0<\/span><\/p>\n<p>Almost two weeks after seeking protection from its creditors, Hudson\u2019s Bay\u2019s lawyers returned to court on Monday hoping to get an order that would continue to protect it from its creditors until mid-June and allow it to start liquidating its outlets.<\/p>\n<p>If its proposal is approved by the court without any changes, it will be able to start selling its inventory, furniture and equipment from all 96 stores in Canada to help pay back creditors. The sale needs to be completed by June 15, a company filing said. Certain stores can be excluded from the liquidation process.<\/p>\n<p>The court handling Hudson\u2019s Bay\u2019s case has not yet provided a decision.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot16 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-execsummary background--primary-light-gradient\" aria-labelledby=\"FinancialPostPosthaste2037840628443796678807983952494592\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_ExecSummary\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" alt=\"Posthaste\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-posthaste.svg\"\/><\/div>\n<div>\n<p>Posthaste<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_ExecSummary\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Posthaste will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_ExecSummary\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment7870521214043668280561310803951616\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The closure of Hudson\u2019s Bay, which employs about 9,360 people, would \u201cdrastically\u201d alter the dynamics of malls nationally by removing a \u201cmajor anchor and driver of customer traffic,\u201d the company said in a statement on Friday.<\/p>\n<p>As such, the company is speaking to key stakeholders, such as landlords, to create an alternative path that could preserve jobs and tenancy in retail locations. But this would also require a significant amount of capital, which the company has failed to obtain in the recent past.<\/p>\n<p>\u201cOur team has worked incredibly hard to identify a viable path forward,\u201d Hudson\u2019s Bay chief executive Liz Rodbell said in a statement on Friday, adding the company \u201cwould pursue every possible opportunity to secure the necessary support from key landlords and other stakeholders to save the Bay.\u201d<\/p>\n<p data-async=\"\">On March 7, Hudson\u2019s Bay decided to seek protection from its creditors through the Companies\u2019 Creditors Arrangement Act. The application was granted by the court on the same day.<\/p>\n<p>Judge Peter Osborne, who heard the application at the Ontario Superior Court of Justice in Toronto, said it was \u201chard not to have a sense of melancholy when considering\u201d the application, according to a court filing on March 10 that explained why Hudson\u2019s Bay\u2019s application was accepted.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment3133865629717616993658391882629120\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cHudson\u2019s Bay is the oldest company in North America and a very prominent Canadian department store,\u201d he said. \u201cIt was founded in 1670. Now, approximately 355 years later, it is insolvent and seeks protection from its creditors.\u201d<\/p>\n<p>Court filings seem to suggest that it has been financially suffering for a while now.<\/p>\n<p>Like many other brick-and-mortar stores, the retailer, which has 80 full-line stores across the country, struggled to compete with e-commerce players, it said in the court filing.<\/p>\n<p>To tackle those challenges, the company said it went private in 2020 to \u201creposition its operations without\u201d public-market pressures and costs and to focus on long-term growth strategies, but it was soon impacted by pandemic-related closures, which worsened its financial challenges.<\/p>\n<p>With Hudson\u2019s Bay stores under pressure, the company decided to pursue an aggressive e-commerce strategy between 2021 and 2022, investing about $130 million in the process. In 2023 and 2024, it also cut its workforce and marketing budgets, secured $200 million in financing and appointed a new CEO to engineer a turnaround.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment3976293054092755466574485753167872\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The situation has worsened due to a trade war between the United States and Canada, which has compelled many investors to wait and watch instead of going through with their plans, economists say. Hudson\u2019s Bay said this has impacted discussions with potential lenders.<\/p>\n<p>\u201cUntil recently, the company was confident it could refinance all or a portion of its credit facilities and improve its liquidity position \u2026 however, the trade war \u2026 made it extremely challenging \u2026 to raise incremental financing and monetize its real estate assets,\u201d the company said.<\/p>\n<p>As a result, Hudson\u2019s Bay said it faces \u201csignificant challenges\u201d in paying its dues and has had to defer certain payments for \u201cmany months.\u201d Most recently, it was unable to pay \u201ccertain critical trade creditors.\u201d<\/p>\n<p>Lawyers representing some<span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">\u00a0<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">Hudson\u2019s Bay workers said in a filing on Saturday that they were concerned about the future of \u201ctheir jobs and the payment of their pension benefits and other benefits owing to them.\u201d<\/span><\/p>\n<section aria-labelledby=\"moreTopicLabel9381550992453057357735141379670016\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" an=\"\" iconic=\"\" store=\"\" what=\"\" next=\"\" for=\"\" canada=\"\" hudson=\"\" bay=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Hudson's Bay plans to liquidate some of its stores, monetize certain retail leases that hold value due to the below-market rent and focus on high-performing retail locations.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0311-mg-hudsonsbay.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=4E8qmsHvodwYL0QEHfWTGQ\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0311-mg-hudsonsbay.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=eOg4elWmqC6u7D7zEP53qg\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0311-mg-hudsonsbay.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=4E8qmsHvodwYL0QEHfWTGQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0311-mg-hudsonsbay.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=W_mtY2lwPskvp3JLXl0MAA 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0311-mg-hudsonsbay.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=thAbNDIABVSZGFg_zjeAoQ 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Once an iconic store, what&#8217;s next for Canada&#8217;s Hudson&#8217;s Bay?<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" will=\"\" u.s.=\"\" tariffs=\"\" impact=\"\" canada=\"\" banks=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"A Bay Street sign in Toronto's Financial District on Feb. 15, 2024.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0228-bc-baystreet.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=m9dEfQCcrffz7BVv2CI5Ww\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0228-bc-baystreet.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=hXM8oLhkaRCgv3s4zP1_dA\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0228-bc-baystreet.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=m9dEfQCcrffz7BVv2CI5Ww, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0228-bc-baystreet.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=zCNVXXCm0TngCo9wPZWlPQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/0228-bc-baystreet.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=Z7AFSJ_gsuHB24sDnP3PBg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">How will U.S. tariffs impact Canada\u2019s banks?<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" tariff=\"\" threat=\"\" is=\"\" not=\"\" canada=\"\" only=\"\" problem=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Canada\u2019s economy is expected to take a big hit if U.S. President Donald Trump imposes a 25 per cent tariff on Canadian goods starting Feb. 1.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/canada-economy-0121-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=ilxcxcIIVqxzbCAt3M7oXw\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/canada-economy-0121-ph.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=oiDM5XgBHDqSYcrnSvE2cg\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/canada-economy-0121-ph.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=ilxcxcIIVqxzbCAt3M7oXw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/canada-economy-0121-ph.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=sJdeoGfhrizikzAqpPSDhg 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/01\/canada-economy-0121-ph.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=-vAEEbsZCgmwWnlG9no08Q 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Trump&#8217;s tariff threat is not Canada&#8217;s only problem<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>The company is also concerned that without creditor protection, certain landlords could \u201cexercise self-help remedies,\u201d such as locking the company out from its retail stores.<\/p>\n<p>As an example, it said a landlord locked Hudson\u2019s Bay out of a store in Sydney, N.S., on March 7, while a team of bailiffs attempted to seize merchandise from a store in Toronto\u2019s Sherway Gardens mall.<\/p>\n<p data-async=\"\"><em>\u2022 Email: nkarim@postmedia.com <\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Hudson&#8217;s Bay waiting for court order to liquidate stores<\/a><br \/>\n<br \/>2025-03-18 15:32:04<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Retail &amp; Marketing Like many brick-and-mortar stores, the retailer, with 80 full-line stores across Canada, struggled to compete with e-commerce Get the latest from Naimul Karim&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-57517","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=57517"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57518"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}