Retailer with 355-year history may close stores as 'threat and realization' trade war weigh

Published On Mar 11, 2025, 1:49 PM

Hudson's Bay Company, Canada's oldest retailer, is undergoing a restructuring process similar to bankruptcy. The company has received creditor protection under the Companies’ Creditors Arrangement Act to help it manage its debt amid challenges from a potential trade war and shifts in retail consumer behavior. It operates over 80 Hudson's Bay stores and aims to streamline operations while continuing to serve customers. The restructuring comes as Hudson's Bay has faced difficulties in securing refinancing amid market uncertainty and increased costs related to living expenses and mortgage rates.