Experts predict that Hudson’s Bay will shut down some stores as part of restructuring efforts.

March 10, 2025 TruthUSA

Retail and insolvency experts believe that Hudson’s Bay will likely close some of its stores as it undergoes restructuring under creditor protection.

Although the historic department store chain, dating back to 1670, has not officially announced any store closures, Insolvency Insider newsletter editor Dina Kovacevic suggests that such action is common for retailers in similar situations.

Kovacevic predicts that Hudson’s Bay and its advisors will identify the least profitable out of their 80 stores and proceed to liquidate them, allowing the more successful locations to thrive.

Liza Amlani, co-founder of the Retail Strategy Group, also anticipates potential closures that would unfortunately result in layoffs for Hudson’s Bay employees, marking a significant event for Canada’s oldest company.

If closures do occur, Amlani warns that customers can expect liquidation sales where everything from inventory to store furniture will be put up for sale.

Hudson’s Bay has attributed its filing for creditor protection to various factors including weakened consumer spending, trade tensions between the U.S. and Canada, and decreased foot traffic in downtown stores post-pandemic.