{"id":57812,"date":"2025-03-25T13:37:41","date_gmt":"2025-03-25T13:37:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/25\/reality-setting-in-as-hudsons-bay-begins-liquidation\/"},"modified":"2025-03-25T13:37:41","modified_gmt":"2025-03-25T13:37:41","slug":"reality-setting-in-as-hudsons-bay-begins-liquidation","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/25\/reality-setting-in-as-hudsons-bay-begins-liquidation\/","title":{"rendered":"Reality setting in as Hudson&#8217;s Bay begins liquidation"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><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<li class=\"breadcrumbs__item\">Work<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">The Bay owes more than $950 million to its creditors, which includes banks, big clothing brands and other businesses<\/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 25, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 39\u00a0minutes ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 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=\"296fca46-9cad-43d6-86f4-71f5490fa392\" 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><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">A feeling of uncertainty seems to be a recurring theme among HBC workers since there are no clear answers as to how long it will take to sell all the inventory and when HBC will close its doors.<\/span> <span class=\"credit\">Photo by Peter J. Thompson\/National 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=\"\"><span data-contrast=\"auto\">From concerns about losing their homes to regrets about not accepting a previous severance offer that could have potentially paid them three times as much money, there were \u201ca lot of tears\u201d among some of Hudson\u2019s Bay Co. ULC\u2019s roughly 9,000 employees this week as Canada\u2019s oldest departmental store started liquidating its outlets on Monday. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/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><span data-contrast=\"auto\">HBC\u2019s constant financial struggles meant the \u201cwriting was on the wall,\u201d Jody Nesbit, president of Union Local 240, which represents about 60 Bay employees, said. <\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment5895060856419948276458851284287488\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" 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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 data-contrast=\"auto\">However, workers were hopeful the company, founded in 1670, would turn things around. But those hopes were dashed on Friday when a court allowed it to start liquidating 90 of its 96 stores.\u00a0 <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThey (the employees) didn\u2019t ever think that the Hudson Bay Company would be gone from Canada,\u201d Nesbit said. \u201cIt really took people by surprise.\u201d <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">HBC went to court on March 7 to get an order that would protect it from its creditors as it struggled to pay its dues to landlords, vendors and service providers. It took the step after a landlord locked it out of a store in Sydney, N.S., and a team of bailiffs attempted to seize merchandise from a store in Toronto\u2019s Sherway Gardens mall.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The move was supposed to provide the company, which struggled to cope with the shift towards online shopping, with \u201cbreathing room\u201d as it looked for financing. That plan, however, didn\u2019t work out, as trade tensions between the United States and Canada pushed potential financiers to the sidelines, it said. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Nesbit said that reality is \u201cslowly setting in\u201d f<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">or the employees, many of whom have worked at the Bay for almost all their working lives, including one person from her union who was there for 38 years.\u00a0<\/span><\/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 None background--primary-light-gradient\" aria-labelledby=\"FPWork1544441068300000959855245779795968\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_Work\" 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\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 75w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 100w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 150w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 240w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 320w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 500w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 640w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 800w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 1024w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 1280w, https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg 1600w\" alt=\"Financial Post\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/18.2.2\/websites\/images\/newsletters\/icon-fp-work.svg\"\/><\/div>\n<div>\n<p>Work<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">FP Work touches on HR strategy, labour economics, office culture, technology and more.<\/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_Work\">\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 Work 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_Work\">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=\"advertisment3413854323113556111814224483713024\" 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 data-async=\"\"><span data-contrast=\"auto\">She said some of those who declined a $25,000 severance package about 18 months ago during HBC\u2019s <\/span><span data-contrast=\"auto\">previous restructuring attempt may now have to be satisfied with a maximum of $8,800 as per the federal Wage Earner Protection Program Act.\u00a0 <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p data-async=\"\"><span data-contrast=\"auto\">The Bay owes more than $950 million to its creditors, which includes banks, big clothing brands and other businesses, so Nesbit doesn\u2019t expect employees to receive any additional payments. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Aside from workers, certain small businesses, such as Hair Republic HR4 Inc., which has two of its four branches located in Bay stores, are also concerned about receiving payments. Company co-founder John Nguyen said HBC owes it more than $35,000 and he is afraid he may not be a priority. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cHonestly, that\u2019s a lot of money,\u201d he said. \u201cThat\u2019s not pocket change for us. If they owe a billion dollars \u2026 then there are creditors that are a higher priority for them.\u201d <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Nguyen was very excited when his company first got a chance to partner with HBC in 2021. So much so, he thought the email he initially received from Bay officials to explore a partnership was a scam. It was only after a virtual call that he realized it was an authentic opportunity and the company was interested in attracting a younger audience through his hair salon.<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment9040541309837077699791357367812096\" 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><span data-contrast=\"auto\">The partnership worked well for the first two years, but he said payment delays started in 2024. Payments would usually be made within 40 days, but that rose to at least 60 days last year. <\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The last time Nguyen\u2019s company got paid was in February and that was for the months of November and December, which is usually its most profitable time due to the holiday season. He said he had to get HBC executives involved to make sure he got paid. \u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Despite the troubles, he said he appreciates getting a platform at such a big store. Just six months ago, he was even in discussions with HBC about opening more branches of his hair salon, but the uncertainty surrounding the company made him \u201cdrag his feet a little bit,\u201d which he said saved him from a \u201cmajor loss.\u201d <\/span><\/p>\n<section aria-labelledby=\"moreTopicLabel5086226765471225096380212270071808\" 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=\"\" bay=\"\" set=\"\" to=\"\" start=\"\" liquidating=\"\" at=\"\" all=\"\" but=\"\" six=\"\" stores=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"The retailer 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.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=80&sig=DSfNFIbC4TYEHQfCyT5ATQ\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=5&sig=TNggTJIweeR4p2XNd7vdCw&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=96&strip=all&quality=80&sig=DSfNFIbC4TYEHQfCyT5ATQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=192&strip=all&quality=80&sig=5kZFH31Snx2TLB3-oTRGbg 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0322-mg-hudsons-bay.jpg?h=288&strip=all&quality=80&sig=7IoZsk8n0BC05NE2NIpL1g 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Hudson&#8217;s Bay set to start liquidating at all but six stores<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" looming=\"\" liquidation=\"\" conjures=\"\" ghost=\"\" of=\"\" eaton=\"\" demise=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"A dismantled mannequin and empty floor space in Hudson\u2019s Bay at Masonville Place in London, Ontario on Tuesday March 18, 2025.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=80&sig=TLtI2N809YCM_WjDsgl9NQ\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=5&sig=IjfOQL_wMGjWxAgjTBLswA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=96&strip=all&quality=80&sig=TLtI2N809YCM_WjDsgl9NQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=192&strip=all&quality=80&sig=KvGKh7VXGLtUW6MdFrPiYw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0320-mg-bay.jpg?h=288&strip=all&quality=80&sig=Qku1UCDAoEuy59z3Z4odbA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">HBC&#8217;s looming liquidation conjures ghost of Eaton&#8217;s demise<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" bay=\"\" back=\"\" in=\"\" court=\"\" as=\"\" riocan=\"\" calls=\"\" filing=\"\" disappointing=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1&w=1600&resize=1600&ssl=1 1600w\" 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.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=80&sig=0TjzscKw50sUF7byB_e0XQ\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=5&sig=q2j9vPAjQlnf9C5AnGTEbw&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=96&strip=all&quality=80&sig=0TjzscKw50sUF7byB_e0XQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=192&strip=all&quality=80&sig=f7A6bosZaAIMFeVoOhII7Q 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0319-mg-hudsons.jpg?h=288&strip=all&quality=80&sig=aLIZ3sBBMlESaKjby-O9RA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Hudson&#8217;s Bay back in court as RioCan calls filing disappointing<\/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><span data-contrast=\"auto\">The feeling of uncertainty seems to be a recurring theme among HBC workers as well, Nesbit said. She said it has been hard to provide members of her union with concrete answers since there are<\/span><span data-contrast=\"auto\"> no clear answers as to how long it will take to sell all the inventory and when HBC will close its doors.\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cIt\u2019s so difficult for our members,\u201d she said. \u201cRip the Band-Aid so that they know what they are headed for.\u201d <\/span><\/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 \/>Reality setting in as Hudson&#8217;s Bay begins liquidation<\/a><br \/>\n<br \/>2025-03-25 13:37:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Retail &amp; Marketing Work The Bay owes more than $950 million to its creditors, which includes banks, big clothing brands and other businesses Get the latest&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/03\/0326-mg-bay.jpg?quality=90&strip=all&w=288&h=216&sig=wvWwow3x-vdE2kHEvJ7PNg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-57812","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57812","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=57812"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57813"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}