The approval from Ontario Superior Court Judge Peter Osborne allows the retailer, which dates back to 1670, to begin selling off inventory at most of its 80 Hudson’s Bay stores, three Saks Fifth Avenue locations and 13 Saks Off 5th shops in Canada.
“This is the art of the possible and we are where we are today. In my view, there is no other alternative,” Judge Osborne said.
The six stores being saved from the liquidation sale include the flagship on Yonge Street in Toronto, as well as a store in the city’s Yorkdale mall and another farther north in Hillcrest Mall in Richmond Hill, Ontario The remaining three span Montreal, the Carrefour Laval mall and Point-Claire, Quebec.
Every time I went into the Bay in Dorval it would be depressing. To think that this store has not been changed since my father was a child. Management never spent money to renovate and the maintenance on their infrastructure has always been shit.
They’re like the Canadian Tire of clothing. The regular price seemed not to matter because there was always a 20-60% off code or promotion. The quality of clothing has also dropped hard. Besides Levi’s jeans, and I guess Docker… the rest of it is fast fashion, drop ship-esque companies.