Canada’s oldest company will begin liquidating the majority of its stores starting on March 24 after a court approved the move. The ruling at Ontario Superior Court allows the retailer to begin selling off inventory at most of its 80 Hudson’s Bay stores, three Saks Fifth Avenue locations and 13 Saks Off 5th shops in Canada. The six stores that will continue on are in the Toronto and Montreal areas and, though Hudson’s Bay has enough money to keep them going for now, it will need to secure further financing to keep them open permanently. (March 21, 2025)
