Hudson’s Bay Company, one of North America’s oldest retail landmarks, is preparing to liquidate its entire business, marking what could be the end of its storied 355-year history. The announcement, made late Friday night, revealed plans for liquidation could begin as early as the week of March 17, 2025, subject to court approval. The retail giant aims to complete the process by June 15, 2025.
Despite the grim outlook, Hudson’s Bay executives expressed hope for financial assistance from key stakeholders. “Our team has worked incredibly hard to identify a viable path forward, and our resolve is strengthened by the overwhelming support from customers and associates,” stated Hudson’s Bay president and CEO Liz Rodbell….
