Canada’s oldest company has begun selling the inventory at nearly all its stores as it continues to hold out hope for a last-minute option to restructure.
The move comes after an Ontario court on Friday gave Hudson’s Bay permission to proceed with a revised liquidation plan, which will temporarily exclude six stores from the initial list. The company operates 80 Hudson’s Bay stores and, through a licensing agreement, three Saks Fifth Avenue and 13 Saks Off 5th stores, which are also scheduled to close.
The six stores excluded from the liquidation sale include the Hudson’s Bay flagship on Yonge Street in Toronto, a store in the city’s Yorkdale Shopping Center and one at Hillcrest Mall in Richmond Hill, Ontario. The remaining…
