Photo: Castanet
Shoppers walking into the Hudson’s Bay Company store in Aberdeen Mall are greeted by a sign informing them the company’s popular rewards program has been suspended amid financial restructuring that could spell the end of some stores.
Clearance signs sat atop racks of clothes at the Kamloops Hudson’s Bay store as shoppers — many carrying items bedecked with historic HBC stripes — browsed the aisles to try and find deals.
Hudson’s Bay has applied for creditor protection, saying it was struggling with financial difficulties amid a decrease in consumer spending. The company announced late last week that unless it finds a viable solution, it will begin liquidating its entire business.
“It’s really sad,”…
