Hudson's Bay Company has signalled its readiness to take the next major step in its creditor protection and restructuring process, a move that will

North America's oldest corporation has struggled through decades of roller coaster business trends, management changes and repositionings.

Hudson’s Bay laid the groundwork for its creditor protection case when it spun its U.S. Saks locations off into a separate entity last year after it purchased luxury department stores Neiman Marcus and Bergdorf Goodman, essentially saving them from the impending closures now set to engulf HBC in Canada.

Hudson’s Bay is set for liquidation as JLL oversees lease sales, with stores closing by June 2025. The retailer’s future remains uncertain amid bankruptcy.

A Minnesota senior who drove seven hours to stock up on items at a Hudson’s Bay store is ‘grieving’ the potential loss of the iconic chain. The Bay filed for creditor protection last week. Then, on

Point blankets were used by European settlers and explorers to barter for furs with Indigenous peoples in today’s Canada as early as 1750.

Hudson’s Bay Company says it will start liquidating its entire business and begin the process of closing all its stores, pending court approval. The announcement comes just days after the company applied for creditor protection.