Seritage CEO Steps Down Amid Final Liquidation Push

Seritage Growth Properties, the REIT that was formed to sell off shuttered Sears department stores, will have new leadership for the process’s final stages. Bisnow/Cameron Sperance Andrea Olshan in 2017 during her tenure as CEO of Olshan Properties. Seritage CEO and President Andrea Olshan is leaving the company next month, the… Read the original article here

Hudson’s Bay cuts 200 corporate roles as painful liquidation process begins

“This is a difficult reality of the restructuring process, and we are committed to treating associates impacted by these changes with respect and support,” Tiffany Bourré, spokesperson for HBC, told the Globe. Earlier this month, Hudson’s Bay secured protection under the Companies’ Creditors Arrangement Act. More recently, a court authorized the retailer to begin liquidation…

Here’s what you need to know

Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Here’s how the process is unfolding so far: Which stores are part of the liquidation? Hudson’s Bay is liquidating all but six of its stores. It has 80 stores under the Hudson’s Bay banner,…

Hudson’s Bay liquidation sales on now

Business Published: March 28, 2025 at 11:23AM EDT A pedestrian passes the Hudson’s Bay store in downtown Calgary, Alta., Thursday, March 20, 2025. THE CANADIAN PRESS/Jeff McIntosh Most Hudson’s Bay Company stores across Canada have launched liquidation sales offering “unprecedented savings,” as Canada’s oldest company seeks to restructure itself. Discounts of up to 40 per cent…