Hudson’s Bay Likely to Close Some Stores as Part of Restructuring: Experts

Hudson’s Bay signage is pictured in the financial district in Toronto, on Sept. 8, 2023. The Canadian Press/Andrew Lahodynskyj

Retail and insolvency experts expect Hudson’s Bay will close some of its stores as it restructures through creditor protection.

While the department store chain dating back to 1670 hasn’t announced plans to shutter locations, Insolvency Insider newsletter editor Dina Kovacevic says it’s not unusual for retailers under creditor protection to take such a step.