[MacLac]

Likely HBC bankruptcy

Hudson’s Bay Facing Imminent Bankruptcy: Report

Hudson’s Bay is reportedly preparing for bankruptcy as financial woes deepen. With store closures and supplier concerns, the future of the retailer remains uncertain.

retail-insider.com

 

[YEG Bus Rider]

Doug Putnam of Sunrise Records, Toys R Us will buy HBC and all will be well again.

 

[Markyeg]

Is anybody really surprised? Apart from their Queen St flagship most stores look like a bargain basement outlet.

 

[Gronk!]

Winners is now open!

It's now almost spring 2025 - what's taking them so long?

 

[Markyeg]

Winners must’ve opened today. I was at Southgate last night and it said it was opening Monday.

 

[northlands]

Likely HBC bankruptcy

Hudson’s Bay Facing Imminent Bankruptcy: Report

Hudson’s Bay is reportedly preparing for bankruptcy as financial woes deepen. With store closures and supplier concerns, the future of the retailer remains uncertain.

retail-insider.com

At this point I bet a lot of mall owners are happy to see them go. Southgate is probably chomping at the bit to be able to repurpose The Bay space into something like what they did with the Sears space (which looks SO good!)

 

[MacLac]

Ya but like most retail bankruptcies - won't HBC come back "leaner and meaner?" Lose half their stores, reno some and "brand focus?" lol

 

[Gronk!]

At this point I bet a lot of mall owners are happy to see them go. Southgate is probably chomping at the bit to be able to repurpose The Bay space into something like what they did with the Sears space (which looks SO good!)

The Bay will likely retain their Southgate and WEM locations while the other stores at the Kingsway, Londonderry and St Albert malls are shuttered.

 

[Airboy]

St Albert was still open yesterday.

 

[David A]

I don't know which stores they will close or how many, but you can't shrink yourself to success. I stopped going to the Bay regularly when the downtown location closed.

People are not going to from the north side to Southgate very often just to go to the Bay, so they will lose most of the customers in the areas they close stores.

 

[Markyeg]

I would think if they started closing stores Southgate would be the most likely in Edmonton to stay open. Its sales are almost double than their next best store in Edmonton (WEM), or that was the case a few years ago.

 

[Avenuer]

The Bay should've looked at Simons and thought 'hmm, maybe we should run our business like them'. Simons is above and beyond a better shopping experience than the Bay.

 

[Gronk!]

These days I regularly shop at Simons, preferably at the Londonderry Mall location.

 

[archited]

The Bay should've looked at Simons

The Bay is run and owned by a group based in the U.S. -- their sole M.O. is to maximize profits more aligned with the Walmart model "buy cheap and sell high". A proud history is going through the chopping mill.

 

[David A]

Is anybody really surprised? Apart from their Queen St flagship most stores look like a bargain basement outlet.

When I went there last it fall it seemed nice but rather dead too, that was when I suspected this was coming.