“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 sales.
While corporate layoffs are underway, store employees are being retained to manage clearance events. Both physical stores and the company’s e-commerce platform remain operational. As of late March, liquidation sales had commenced in 73 of the Bay’s 80 locations, along with two Saks Fifth Avenue and 13 Saks OFF…
