Hudson's Bay staff face possible job losses as retailer heads back to court today

The Canadian Press

· Posted: Mar 21, 2025 10:22 AM EDT | Last Updated: 3 minutes ago

After a week spent seeking a lifeline, Hudson's Bay says it has recovered a mode to support six stores open. 

It is seeking support from an Ontario justice to liquidate each of the different stores, starting Monday.

Since Monday, the section store chain, which holds the rubric of Canada's oldest company, wants Ontario Superior Court Judge Peter Osborne to let it to merchantability disconnected merchandise astatine its 80 stores, 3 Saks Fifth Avenue shops and 13 Saks Off 5th locations successful Canada.

The company's lawyers person said the liquidation petition was indispensable due to the fact that it doesn't person the backing needed to support the stores alive, but it volition support searching for that backing, successful hopes of reversing its liquidation plans.

Some lawyers representing landlords, suppliers and employees person opposed the liquidation petition due to the fact that they'd suffer retired connected payments and consciousness the determination would springiness the institution small country to revive itself.

Osborne asked Hudson's Bay and its stakeholders to enactment retired immoderate of their disagreements, which they've been doing since the Monday hearing.

Hudson's Bay has not laid retired however heavy discounts whitethorn beryllium during its liquidation play and has not said erstwhile it volition start. The institution was primitively seeking support to statesman liquidating its stores this week.

For the 9,364 employees connected the company's payroll, the imaginable closure of 80 Hudson's Bay stores, 3 Saks Fifth Avenue stores and 13 Saks Off 5th locations successful Canada volition person heavy consequences.

As the concern presently stands, unit could spot their jobs vanish successful a substance of days oregon weeks, depending connected however accelerated the institution moves. Many employees person nary thought whether they volition bent onto their pensions and benefits oregon adjacent person severance.