Liquidation process to commence at Hudson's Bay's final six retail locations.
Here's a fresh take on the article about Hudson's Bay stores undergoing liquidation:
Hudson's Bay's Final Six Stores Kick Off Liquidation Sale
Toronto, ON – It's the end of an era as Hudson's Bay starts liquidating its last six stores today.
Citing a "low probability" of finding a buyer for these remaining locations, a financial advisor's court filing revealed this unfortunate development. Joining the sale are iconic spots such as the Yonge Street flagship in Toronto and the Yorkdale Mall location, along with Hillcrest Mall in Richmond Hill, Ontario.
Adding to the list are stores in downtown Montreal, Carrefour Laval mall, and Pointe-Claire, Quebec, as well as a Saks Fifth Avenue store.
The company had initially hoped to keep some stores open, but the Bureau of Creditor Protection filing leaves little room for optimism. Hudson's Bay had secured court permission in April to begin liquidating 90 of its 96 Bay, Saks, and Saks Off Fifth stores by mid-June, allowing it to hunt for investors or potential buyers who might restructure or maintain the business.
If a viable offer comes in before April 30 for any of these stores, they could be spared from the liquidation process.
Stay tuned for updates as this retail legend takes its final steps. This story first appeared on April 25, 2025.
Enrichment Data:- As of April 25, 2025, Hudson's Bay has begun liquidating all of its stores after filing for creditor protection in March. Initially, the company had planned to keep six stores open, but due to a "low probability" of finding a buyer for these locations, it is now proceeding with their liquidation as well.- The stores included in the final phase of liquidation are as follows: - Toronto Flagship on Yonge Street - Yorkdale Mall in Toronto - Hillcrest Mall in Richmond Hill, Ontario - Downtown Montreal - Carrefour Laval mall - Pointe-Claire, Quebec
- Additionally, one Saks Fifth Avenue store is being included in the liquidation sales. Hudson's Bay had previously received court permission to liquidate 90 of its 96 stores by mid-June, while it continues to seek investors or buyers that could potentially keep some of the stores operational[1][2][3][4].
- There remains a possibility that if a viable bid is received before April 30, the liquidation process could be halted for some stores[2].
- By 2025, Hudson's Bay announced the liquidation of its last six stores, including the iconic Yonge Street flagship in Toronto and the Yorkdale Mall location, as well as stores in Richmond Hill, Ontario, downtown Montreal, Carrefour Laval mall, Pointe-Claire, Quebec, and a Saks Fifth Avenue store.
- The Canadian retail giant had initially hoped to keep some stores open, but the Bureau of Creditor Protection filing left little room for optimism.
- The liquidation process includes businesses from various industries such as finance, retail, and luxury brands like Saks Fifth Avenue.
- The company is progressing with the liquidation sale, with all stores set to close by mid-June, unless a viable offer comes in before April 30 for any of these stores, which could potentially save them from the liquidation process.
- This unfortunate development significantly impacts the Toronto business landscape, as one of the city's most recognized shopping destinations begins its final steps towards closure.
- Other Canadian businesses should keep a close eye on this liquidation sale, as it could potentially signal changes in the Canadian retail industry in the coming years.
