When Hudson’s Bay revealed it was liquidating almost the entirety of its empire, some thought the selloff would be an opportunity for two of Canada’s last standing department stores: La Maison Simons and Holt Renfrew.
Because their size and product mix resemble the Bay’s at first glance, the rivals might have seemed like the most logical fit for the millions of square feet the Bay and its sister businesses Saks Fifth Avenue and Saks Off 5th will leave behind, but neither appears to want to take up the ailing retailer’s full mantle.
