Hudson’s Bay to close stores and cut thousands of jobs amid restructuring
Tuesday, May 27, 2025, 11:21 am
Hudson’s Bay is set to shutter all its retail locations, resulting in the termination of nearly 8,000 staff members. The dramatic move marks a sweeping restructuring of the iconic retailer, leaving employees and industry experts to wonder what the future holds for the beleaguered chain.
TORONTO — Hudson’s Bay made a whopping, 590-page court filing late Monday that offers insight into how Canada’s oldest company is winding down. Here are some of the new things the document revealed: Trademarks Canadian Tire will get the rights to 350 pages of trademarks and domain names belonging…
Ils ne recevront pas d’indemnités de licenciement ni d’indemnités de départ.
The cut, revealed in court documents, will span the majority of the 9,364 workers at Canada's oldest company and form one of the country's biggest retail layoffs in recent memory.
From taglines to trademarks, court documents show Canadian Tire could own a lot more than just Hudson's Bay's name and iconic stripes.
Ils ne recevront pas d’indemnités de licenciement ni d’indemnités de départ.
New court documents show the Hudson’s Bay trademarks Canadian Tire hopes to acquire span well beyond the retailer’s name, coat of arms and iconic stripes. If the companies get court approval for the $30 million deal they recently brokered, filings show Canadian Tire will own some of the country’s…
Most of remaining employees will get their notice on June 15 when distribution centres close
Hudson’s Bay is set to close all its stores and terminate more than 8,000 employees by Sunday. The company filed a motion on Monday evening detailing that, once the liquidation process is complete, it will eliminate 89 per cent of its workforce by June 1. The motion states that approximately 899 of…
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