How Canadian-owned Simons flourishes while Hudson's Bay crumbles

News Room
By News Room 7 Min Read

With Hudson’s Bay on the ropes, it might seem that Canada is hostile to department stores.

In recent years, Canadians have waved goodbye to Sears Canada, Target and Nordstrom. Now Hudson’s Bay, also U.S.-owned, is awaiting court approval to begin liquidating some of all its 96 Canadian stores after filing for creditor protection on March 7.

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