Tag: hudsons
Canada’s Hudson’s Bay has survived 355 years. Now the store is in crisis
Alina Selyukh Canada’s oldest retailer, Hudson’s Bay department store, cannot pay its debts. The high-end chain, dating back to the 17th-century fur-trade era, has been losing money and shoppers, set back by the pandemic, inflation and lately, trade tensions with the U.S. Now, it’s entered a proceeding similar to bankruptcy protection and expects to close…