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TORONTO — After a week spent seeking a lifeline, Hudson’s Bay says it has found a way to keep six stores open.
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Canada’s oldest company is back in court today to seek permission from an Ontario judge to liquidate all but six stores, and hopes to begin that process starting Monday.
Hudson’s Bay lawyer Ashley Taylor says the company is making the request because recent sales have exceeded the company’s expectations, allowing the retailer to keep operating six of the stores and pay back interim financing it received from a lender.
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The company’s financial troubles have led to a flurry of sales from customers looking to snap up its famed stripes products, for fear the retailer would close…
