Hudson's Bay's demise marks the death of the traditional department store in Canada | CBC News

Hudson’s Bay staff face possible job losses as retailer heads back to court today | CBC News


Hudson’s Bay is expected to be back in court today, where it continues to seek permission to liquidate all of its stores as part of its creditor protection case.

Since Monday, the department store chain, which holds the title of Canada’s oldest company, wants Ontario Superior Court Judge Peter Osborne to allow it to sell off merchandise at its 80 stores, three Saks Fifth Avenue shops and 13 Saks Off 5th locations in Canada.

The company’s lawyers have said the liquidation request was necessary because it doesn’t have the funding needed to keep the stores alive, but it will keep searching for that backing, in hopes of reversing its liquidation plans.

Some lawyers representing landlords, suppliers and employees have opposed the liquidation request because they’d lose out on payments and feel the move would give the company little room to revive itself.

For the 9,364 employees on the company’s payroll, the potential closure of 80 Hudson’s Bay stores, three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada will have deep consequences. (Alex Lupul/CBC)

Osborne asked Hudson’s Bay and its stakeholders to work out some of their disagreements, which they’ve been doing since the Monday hearing.

Hudson’s Bay has not laid out how deep discounts may be during its liquidation period and has not said when it will start. The company was originally seeking permission to begin liquidating its stores this week.

For the 9,364 employees on the company’s payroll, the potential closure of 80 Hudson’s Bay stores, three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada will have deep consequences.

As the situation currently stands, staff could see their jobs disappear in a matter of days or weeks, depending on how fast the company moves. Many employees have no idea whether they will hang onto their pensions and benefits or even receive severance.



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