Hudson’s Bay Shutting Down All Stores — 8,000+ Jobs Lost by June 1

After over 350 years in operation, Hudson’s Bay is closing all its stores and laying off more than 8,000 employees by June 1. The historic Canadian retailer is also ending benefits for retirees and disability recipients. Facing the fallout of the COVID-19 pandemic, reduced foot traffic, and high tariffs, Hudson’s Bay filed for creditor protection in March. Canadian Tire is set to acquire its brand assets for $30M, marking the end of an era in Canadian commerce.

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