Hudson's Bay Closing: 8,000 Jobs Lost, Shoppers Grab Last Chance Bargains

Hudson's Bay's Closure: 8,000 Jobs Lost as Iconic Canadian Retailer Shuts Down Stores Two Hudson's Bay locations in Canada have closed their doors, resulting in the termination of over 8,000 employees by June 1st. This closure marks the end of an era for Canada's oldest company and has sent shockwaves through communities across the country. CTV News captured the last-minute shopping rush at these locations, showcasing the emotional impact on both employees and loyal customers. Footage shows shoppers carrying away armfuls of discounted merchandise, with one woman even humorously taking home several store mannequins. A shopper interviewed by CTV News expressed her sadness, stating, "It's just a sign of the times; Amazon has taken over." The closure highlights the challenges faced by traditional brick-and-mortar retailers in the age of e-commerce. Hudson's Bay's court motion to terminate its employees underscores the severity of the situation. The company's decision to liquidate assets, including fixtures and equipment, further emphasizes the finality of the closure. While the closure brings an end to a significant chapter in Canadian retail history, it also serves as a reminder of the ever-evolving landscape of the modern marketplace.