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2w ago

Hudson’s Bay Shutters Final Stores as Court Greenlights Canadian Tire Deal

The court’s approval completes the sale of The Bay’s name, logo and signature stripes to Canadian Tire.

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A person walks by a Hudson’s Bay store in Montreal, Sunday, June 1, 2025. It's the final day for the Canadian retailer. THE CANADIAN PRESS/Graham Hughes
A person walks by empty shelves at a Hudson’s Bay store in Montreal, Sunday, June 1, 2025. It's the final day for the Canadian retailer. THE CANADIAN PRESS/Graham Hughes

Overview

  • Hudson’s Bay closed all remaining Bay and Saks locations by June 1, ending its 355-year run and laying off more than 8,300 employees.
  • Ontario Superior Court on June 3 approved Canadian Tire’s $30 million purchase of Hudson’s Bay intellectual property, including its coat of arms and multicoloured stripes.
  • Terminated workers are now eligible to file claims under the federal Wage Earner Protection Program for up to $8,844 each.
  • B.C. mall owner Ruby Liu secured agreements to take over up to 28 former Bay leases in British Columbia, Alberta and Ontario for a new department-store concept.
  • Millions of square feet of vacated retail space face redevelopment by landlords, and the company’s collection of art and artifacts is set for auction, raising heritage concerns.