Canada’s oldest retailer, Hudson’s Bay Company, has officially kicked off its liquidation sales, marking a significant turning point in the storied company’s 355-year history. The liquidation, which started on March 24, 2025, affects nearly all locations across the nation except for six remaining stores. With the intention to complete the liquidation by June 15, 2025, the company aims to clear out inventory following its recent filing for creditor protection amidst financial difficulties.
The six Hudson’s Bay stores that will not participate in the liquidation sales include the flagship store on Yonge Street in Toronto, a location in Yorkdale mall, and two others in Richmond Hill, Ontario, as well as three stores in Quebec—downtown Montreal, Carrefour Laval, and Point-Claire.
As liquidation sales commenced, excitement surged among shoppers eager to grab discounts on items ranging from clothing to home goods. Shoppers at various locations across the Greater Toronto Area (GTA) reported enthusiastic crowds, with some saying they hadn't seen the stores so busy since Christmas five years ago. Fraser Anderson, a long-time shopper, expressed nostalgia, describing the situation as “crazy” and shared his quest for a replacement kettle for his home.
Meanwhile, confusion ensued at some stores, such as Fairview Mall, where shoppers discovered that many items remained at full price despite the advertised discounts. Amidst the hustle, it became clear that not all locations started their liquidation sales on the same day as planned; some shoppers went home empty-handed, frustrated by missed opportunities for bargains.
Despite the chaos and mixed messages, shoppers lingered in hopes of eventually accessing deeper discounts as the liquidation progresses. Gift cards will be accepted until April 6, 2025, though shoppers will not be able to redeem Hudson’s Bay Reward points during this period.
The company's recent plunge into creditor protection came as a result of financial challenges stemming from decreasing consumer spending, reduced foot traffic, and international trade tensions with the United States, leading to the decision to close most of its stores. Hudson’s Bay has often been a significant part of Canadian retail life, offering loyal customers a sense of familiarity and quality. With a workforce of approximately 9,365 employees, the layoffs are a looming reality as the liquidation unfolds, leaving both customers and staff with concerns about the future.
In what can only be described as an emblematic end of an era, the liquidation signals the potential closure of an institution that has played a pivotal role in Canadian retail. Hudson’s Bay has been integral in shaping the shopping landscape in Canada for over three centuries; its decline reflects broader trends affecting brick-and-mortar stores across the country. As shoppers reflect on their many memories associated with the Bay, the sentiment echoes the emotional connection many have with this iconic brand.
The unfolding liquidation process on Vancouver Island, specifically at the Hudson’s Bay stores located in Mayfair Shopping Centre, Bay Centre, and Woodgrove Centre, highlights that the closures aren’t limited to the GTA. Shoppers in British Columbia faced similar excitement yet disappointment, as sales were slow to kick off at certain locations, raising questions about the store's remaining inventory.
Current discounts varied significantly; across the locations, prices were slashed from 30% to 70% off on a range of products like clothing and household items. For instance,-end-season sales at Lime Ridge Mall offered promotions, but shoppers were disappointed to learn that the anticipated liquidation prices were not yet in effect on the first day.
As customers lined up waiting for stores to reopen after the court decision allowing liquidation, they were hopeful for what appeared to be plentiful bargains. However, major disappointment set in when many full-price items remained amid “Sale” signs cluttering the racks, indicating a chaotic attempt at promotion that left many shoppers feeling misled.
The unfolding situation resonates with those who have long attached their identities to Hudson’s Bay, echoing sentiments of inexorable change in the retail landscape. One shopper noted, “everything I’ve got in my house, pretty much, is from the Bay,” highlighting the nostalgic sentiments as well as practical concerns over decreasing access to previously beloved items. Memories of children’s clothing and household essentials bought at Hudson’s Bay continue to bring emotional weight, underscoring the enduring legacy of this retailer.
Though the store will not fully disappear from retail consciousness, the liquidation process indeed signals a radical shift. Shoppers and employees alike are left considering the deep mark the Bay has left on their lives. The final closing of the Hudson's Bay stores will leave a void in the Canadian retail landscape that will be challenging to fill. As this storied company winds down its operations, the future presence of Hudson’s Bay in Canadian shopping culture remains uncertain, with only time will reveal the lasting impact of this transition.
