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last mo.

Hudson’s Bay to Liquidate Most Stores as Court Approves Plan

Canada’s oldest company will begin liquidation on March 24, with six stores temporarily spared due to a surge in sales.

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HAMILTON, CANADA - MARCH 20: A person walks by a closed Hudson's Bay store in a mall on March 20, 2025 in Hamilton, Canada. The fate of Canada's oldest company is uncertain as an Ontario judge granted an extension on its liquidation plan until March 21. (Photo by Katherine KY Cheng/Getty Images)
The Hudson's Bay department store is seen in downtown Montreal on Monday, March 17, 2025. THE CANADIAN PRESS/Christinne Muschi
People outside the Hudson’s Bay store on Granville and Georgia in Vancouver, B.C. on March 20, 2025. The future of the Hudson’s Bay Company (HBC) is up in the air as an Ontario judge decides whether the company will have to undergo full liquidation. A final decision will be announced on Friday, March 21, 2025. [Isabella Falsetti/Globe and Mail]

Overview

  • An Ontario court has authorized Hudson’s Bay Co. to commence liquidation of all but six of its locations starting March 24, 2025.
  • The six stores temporarily excluded from liquidation include flagship locations in Toronto and Montreal, following unexpected sales growth.
  • The liquidation process is expected to conclude by June 15, with stores vacated by June 30, unless restructuring agreements are reached quickly.
  • Over 9,300 jobs are at risk, and the company has paused its loyalty program, leaving millions of customers uncertain about their points.
  • The liquidation includes Hudson’s Bay stores, three Saks Fifth Avenue locations, and 13 Saks Off 5th stores across Canada.