Hudson’s Bay Liquidation Sale Stores Launch Nationwide – Key Details Revealed
Canada’s oldest retailer, Hudson’s Bay, has begun liquidation sales at all but six of its stores today, marking a pivotal moment in its fight to survive financial turmoil. The move follows the company’s recent creditor protection filing, driven by lower consumer spending, reduced downtown traffic, and U.S.-Canada trade tensions. Here’s what shoppers, employees, and loyal customers need to know about the unprecedented closures.
Which Hudson’s Bay Liquidation Sale Stores Are Closing?
Hudson’s Bay will liquidate inventory at 80 Hudson’s Bay stores, three Saks Fifth Avenue locations, and 13 Saks Off 5th outlets across Canada. Only six stores will remain operational for now:
- Toronto: Flagship Yonge Street, Yorkdale Mall, Hillcrest Mall (Richmond Hill)
- Montreal Area: Downtown Montreal, Carrefour Laval, Pointe-Claire
Stores span 32 Ontario locations, 16 in B.C., 13 in Alberta, 13 in Quebec, and others in Manitoba, Nova Scotia, and Saskatchewan. U.S. stores are unaffected.
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Liquidation Timeline: Deadlines for Gift Cards, Rewards, and Sales
- Sales Begin: March 21, 2025
- Liquidation Ends: June 15, 2025
- Stores Vacated: By June 30, 2025
Critical Dates for Shoppers:
- Gift cards accepted until April 6 ($24.2 million outstanding as of February 1).
- All purchases at liquidating stores are final sale (no returns).
- Hudson’s Bay Rewards (valued at $58.5 million) are paused indefinitely.
Discounts and “Stores Within a Store”: What to Expect
While Hudson’s Bay hasn’t disclosed exact discounts, past retail liquidations (like Nordstrom’s 2023 exit) started with modest 5–10% markdowns before steeper cuts. However, inventory may dwindle quickly.
Vendor Participation:
Some third-party “stores within a store” (e.g., cosmetics, designer sections) may remove inventory, while others could join liquidation sales.
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Employee Impact: 9,364 Jobs at Risk – Pensions, Severance, and Benefits
The liquidation jeopardizes 9,364 jobs, primarily in Ontario. Key updates for staff:
- Severance: Only 121 employees will receive $2.7 million in retention incentives (paid by September 30).
- Pensions:
- Defined benefit/contribution plans (21,000+ members) are “sufficiently funded.”
- Executive retirement plans and some benefits funds face millions in shortfalls.
- Mass Termination: Likely the largest since Sears Canada’s collapse.
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Could More Stores Close – or Be Saved?
Hudson’s Bay lawyer Ashley Taylor confirmed the six remaining stores could still face liquidation if the company fails to secure long-term financing. Conversely, new funding might rescue additional locations.
Final Notes: Headquarters, Vendor Leases, and What’s Next
- Head Office: The Bay Street office tower in Toronto remains unaffected.
- Hudson’s Bay aims to resolve creditor protection by June 30.
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