[VRYALT3R3D]

https://www.bnnbloomberg.ca/business/economics/2025/03/15/hudsons-bay-to-liquidate-entire-business-still-seeking-additional-capital/

Yikes and a sad end to such a storied company in Canada.

[JDMDreams]

#not in recession. Yea I feel sad too, I remember going to the Bay and Zellers when I was a kid. I thought they had a lot of money in real estate? But I guess offices/ commercial values tanked.

[mikemhg]

10% off :lol

[Badhobz]

Sniff sniff…. The last department store…. Etons, fields, zellers, sears, and now the bay. What a sad day

[noclue]

I always thought that if they rebranded themselves as a smaller high end department store like asia they could’ve been competitive to holt renfrew but they decided to stay in the nineties

[JDMDreams]

Yea department stores in Asia be booming and they actually have shit, like everything under the sun to buy

[donk.]

No one in here is sad about it, you all shop on scamazon and support local stores going out of business

[radeonboy]

I like shopping at the Bay for clothing - it's not glitzy but they have a decent selection of European and premium brands under the same roof. Between Bay days, random sales, and solid clearance sections, I always get much nicer clothing for only a bit more than shopping at Winners / Marshalls.

Stuck in the 90s as noclue says is the the same sentiment with all of my friends. My bigger problem with the Bay is finding good deals and walking out with a dent in my wallet.

[JDMDreams]

Who buys clothes on Amazon, :fulloffuck: and I can only afford Costco sale clothes now :okay:

[BIC_BAWS]

#not in recession. Yea I feel sad too, I remember going to the Bay and Zellers when I was a kid. I thought they had a lot of money in real estate? But I guess offices/ commercial values tanked.

They do have a lot of money in real estate. Hudson's Bay has been owned since 2008 by NRDC Equity Partners, a private investment firm controlled by the American retail and real estate mogul Richard Baker, who has a record of scooping up retailers and often profiting from their valuable real-estate holdings.

Their demise started by this acquisition. The end game was never about the retail operation, but rather the sizable real estate holding that HBC held. The real estate portfolio was actually more valuable than the retail business itself.

HBC's retail business up to 2008 suffered the same changing consumer demands and retail landscape that saw Eatons, Sears and many other department store chains in the US go out of business. They were outmoded before Amazon really became the retail powerhouse that they are now.

But back to HBC: People in the industry new the end was near for the Bay when Pathlight Capital extended a $500M loan to HBC at a very predatory rate of interest (think retail credit card rates).

The loan was secured by the Bay's real estate including their leases, and Pathlight's position was ahead of all the landlords'.

The end play of Pathlight was always to get control of the real estate through the backdoor.

They have now achieved this.

HBC will restructure down to 40 stores from 80. They will be allowed to disclaim all of the leases of their worst locations. They will assign their middle of the road locations to retailers like Walmart (at a profit) and either sell or redevelop the assets they own outright.

Pathlight, as HBC'S largest secured creditor gets to call the shots.

HBC has been on the bubble for quite some time. They had a lease termination with a fee of 600K and had to pay the landlord in installments. They weren't getting any trade credit and thus the opportunity for Pathlight to step in was created.

Also, there's some rumblings that the dealings were not entirely arms length.

[N.V.M.]

I try not to shop Amazon but last Sunday I went to Sport Chek to buy some hikers. Merrell Men's Moab 3's.

$175.

at Amazon, $103. AND, delivered by dinner that same day.

I asked for a price match, they laughed.

anyways, goodbye Hudsons Bay. I'm not surprised one bit. they never adapted to the times, and I have no idea why.

[Traum]

The problem with HBC's real estates is -- those places are not easy to repurpose or liquidate. So on paper, it is worth a lot. But in practice, it is really hard to find a new buyer, or turn it into something with a renewed purpose.

[SkinnyPupp]

Goodbye to another remnant of colonialist capitalism <3

[blkgsr]

i guess i better use the gift card i have....

[VRYALT3R3D]

Goodbye to another remnant of colonialist capitalism <3

I am rolling my eyes here...

9800 jobs will be lost

[Badhobz]

Hey !!!! Ya know what that means ?!?! Seiko watches for everyone !!!! Ahhhhhh me go rummage through its shit now.

[SSM_DC5]

Hey !!!! Ya know what that means ?!?! Seiko watches for everyone !!!! Ahhhhhh me go rummage through its shit now.

Snowflake? :alonehappy:

[N.V.M.]

could use a new Stearns Foster mattress though.

[SkinnyPupp]

I am rolling my eyes here...

9800 jobs will be lost
That's not the point, but I'm glad you're posting

[VRYALT3R3D]

That's not the point, but I'm glad you're posting

That is the point of this thread

[SkinnyPupp]

That is the point of this thread
Never "roll your eyes" at history

And yes, it still sucks that a large Canadian company is dying

[trollface]

Who buys clothes on Amazon, :fulloffuck: and I can only afford Costco sale clothes now :okay:

My whole fiy in from Aamzon. It's actually very good quality for the price.

Toy R Us is calling it quits. CLosing the showroom.

[PeanutButter]

I always thought that if they rebranded themselves as a smaller high end department store like asia they could’ve been competitive to holt renfrew but they decided to stay in the nineties

By the time they realized they had to pivot they had no cash left and no one was crazy enough to try and inject capital.

The Bay was dying like 10 years ago. Todays economic climate didn't help, but The Bay wasn't going to make it regardless.

[danned]

https://pbs.twimg.com/media/Glsij1BWIAAo00n.png

[blkgsr]

the bay downtown has zero functioning escalators and elevators....wish i knew that before i went down with my family and had to carry the stroller up to the 6th fucking floor.

[CivicBlues]

Any liquidation sales going on now at the Bay?

[mikemhg]

Ya I need some info here, 10% off or what?

[CivicBlues]

Best we can do is 5% and 50,000 Bay Rewards points?

[JDMDreams]

I wouldn't mind some Seiko's, but they only have low end stuff and I don't feel like paying MSRP + tax

[EvoFire]

This brought me down a rabbit hole in the last few days.

A few years ago when the redevelopment plan was revealed for Metrotown, I was against it. I'm still against it now because I want a dry indoor place during the winter as Brentwood is miserable in the winter.

But at the same time I kind of see it as the demise of the traditional giant mall. The malls rely on the major anchor tenants which Metrotown has been losing the last 2 decades

90s Now
The Bay The Bay(going bankrupt)
Zellers Walmart
T&T T&T
Superstore Superstore
Sears Gone
Eatons Gone
Toysrus Going
Future Shop BestBuy?

I don't know if you would count Uniqlo and H&M with their large footprint stores as an anchor tenant. They don't occupy the traditional huge end of a hall type space.

Also, I couldn't remember where Eaton's used to be. Was it where Zara is now? Or was it SportChek?

[VRYALT3R3D]

Never "roll your eyes" at history

And yes, it still sucks that a large Canadian company is dying

I actually bought a few of the Point Blankets.

https://www.thebay.com/product/hbc-stripes-multistripe-point-blanket-0600001019439.html

:)

[mikemhg]

So their website has the following sale:

"Spend $200 get 15% off, $250 get 20% off, $300 get 25% off with code SAVE"

God damn I wasn't that far off with that 10% :lol

Don't even bother, The Bay is known for marking up their stuff as well.

[donk.]

You dont buy from The Bay when its closing, you wait for it to liquidate, then you walk into winners and buy it at 50-80% off.

[BIC_BAWS]

I actually bought a few of the Point Blankets.

https://www.thebay.com/product/hbc-stripes-multistripe-point-blanket-0600001019439.html

:)

This is gonna be the next flipped item.. a rare commodity in Hudson's Bay merch

[VRYALT3R3D]

This is gonna be the next flipped item.. a rare commodity in Hudson's Bay merch

They were pretty hard to come by. I think they all sold out by mid last week.

https://i.ibb.co/whqtpnZC/484815195-8862834680489687-1215451011532474768-n.jpg

https://vancouversun.com/news/iconic-hudsons-bay-wool-blankets-listed-for-eye-popping-prices-on-ebay

I went to HBC yesterday and got a bunch of stuff discounted. I think if people are waiting for the liquidation, there won't be much left worth buying.

I hope they pull through and are able to save some of the stores and remain in business. A lot of jobs would be lost.

[BIC_BAWS]

This brought me down a rabbit hole in the last few days.

A few years ago when the redevelopment plan was revealed for Metrotown, I was against it. I'm still against it now because I want a dry indoor place during the winter as Brentwood is miserable in the winter.

But at the same time I kind of see it as the demise of the traditional giant mall. The malls rely on the major anchor tenants which Metrotown has been losing the last 2 decades

90s Now
The Bay The Bay(going bankrupt)
Zellers Walmart
T&T T&T
Superstore Superstore
Sears Gone
Eatons Gone
Toysrus Going
Future Shop BestBuy?

I don't know if you would count Uniqlo and H&M with their large footprint stores as an anchor tenant. They don't occupy the traditional huge end of a hall type space.

Also, I couldn't remember where Eaton's used to be. Was it where Zara is now? Or was it SportChek?


I started looking into this to see if it was all Canadian stores that had the 90s effect.. Turns out that while Toys R Us Canada was an independent company to the US counterpart, it was owned by the US company.

Zellers was a Canadian discount store, later acquired by Hudson's Bay. I guess Wal-Mart as the Zellers replacement makes sense.

Also do you guys remember HMV.

[danned]

https://live.staticflickr.com/3185/3016430341_ab21023754_o.jpg

[68style]

Wasn't HMV British?

They have some in the TRU's here in Calgary...

[Jason00S2000]

Also do you guys remember HMV.

The 90's you could go to the local CD store and hang out in the grunge music section and girls would walk up to you, ask you your favourite band, talk music for 5 minutes, and they would give you their number if they liked your taste. My friend Dave and I would do that and sometimes get like 2-3 numbers each in an hour. So much fun. Go home and then call them and then meet up in Mahon park in North Van after sundown and go make out with them. Teenage life in the 90's was fucking amazing.

Music stores used to be the Tinder of the time.

[blkgsr]

I went to HBC yesterday and got a bunch of stuff discounted. I think if people are waiting for the liquidation, there won't be much left worth buying.

This will be a fact, all the good stuff is going to be gone. We had to search and settle for a slightly different colour sheet set than we wanted because everything else was gone.

[Teriyaki]

Dropped by The Bay in DT on the way home from work yesterday, which was supposedly "day 1".

Watch department was basically cleaned out already. Maybe like 3-4 Timex's, 2 Seikos, 0 Casios, 0 Regular G-Shocks.

Just fashion brands like Hamilton and Fossil and the like, but also pretty slim pickings. Everyone that was "queueing" for the lone staff member was actually purchasing something after getting told the final price.

Not sure if they've been out of stock or they've been cleaned out, or maybe just shipped back to manufacturer...

Only 2 G-Shock MT-Gs in the case. Inquired. Not on sale, regular price.

[whitev70r]

Anyone been to the Metro Bay ... is there anything there worth going for? Or, has that one been raided already as well?

[CivicBlues]

The Bay Downtown is a fucking mess. No elevators or escalators are working you have to use the fucking fire escape to get between all 6 floors. And they're fucking tall floors too. I swear one day one of the boomers who still shop there are going to get a coronary climbing up to the 6th floor Men's department to buy a pair of chinos.

[Vansterdam]

https://i.ibb.co/PvyMxMDm/won-the-long-game-v0-oo485k2m2kpe1.webp

[danned]

https://www.hopkinsmedicine.org/-/media/images/articles/2021/12/climbing-back-heart-attack-og.jpeg

[danned]

https://vancouversun.com/news/bc-billionaire-mall-owner-seeks-hudsons-bay-leases
Hudsons' Bay announces sale of up to 28 stores to B.C. mall billionaire

[Manic!]

She lives on the Island. She owns Woodgrove mall in Nanaimo. She has put it up for sale.

What's up with the logo?

https://smartcdn.gprod.postmedia.digital/vancouversun/wp-content/uploads/2025/05/PNG0518N-Weihong-Liu-07.jpg?quality=90&strip=all&w=944&h=708&type=webp&sig=oIzExlerQTgEZ5dBeLJVpA

[Badhobz]

Her Engrish name is ruby. So ruby liu. She also owns twasasssen mills.

[N.V.M.]

she's asian? wat?

[Badhobz]

More like she’s a woman…. what ?

I’ve seen dudes more feminine looking.

Kinda looks like me if I wore a wig and makeup.

[68style]

Billions of dollars and her big reveal for spending on this is to print a cheesy logo and italics font on her nearest inkjet and hold it up.

[spoon.ek9]

posting on a Sunday before 8am.. y'all truly old farts :lol

(I'm at work)

[donk.]

posting on a Sunday before 8am.. y'all truly old farts :lol

(I'm at work)

Maybe there is a sunday AM sea to sky drive :derp:

[bcrdukes]

Billions of dollars and her big reveal for spending on this is to print a cheesy logo and italics font on her nearest inkjet and hold it up.

Ghetto girl at heart. Badhobz dream girl.

[underscore]

Billions of dollars and her big reveal for spending on this is to print a cheesy logo and italics font on her nearest inkjet and hold it up.

The flex is doing it in colour.

[bcrdukes]

More like she’s a woman…. what ?

I’ve seen dudes more feminine looking.

Kinda looks like me if I wore a wig and makeup.

Please, no. :moderatorban:

[donk.]

Please, no. :moderatorban:

Id pay to see that....

[Badhobz]

you cant handle my kind of hotness you sluts.

[bcrdukes]

I now understand why these women at the gym feed you.

[yray]

diu, new bay

[JDMDreams]

Dat unemployment rate

Hudson’s Bay to terminate 8,000 employees, close all stores by June 1



https://vancouver.citynews.ca/2025/05/27/hudsons-bay-closing-stores-june-1/

[pastarocket]

Billions of dollars and her big reveal for spending on this is to print a cheesy logo and italics font on her nearest inkjet and hold it up.


My first thought of seeing that sign was "She must have printed that sign from a cheap printer that she bought on Temu". :lawl:

I am glad that Canadian Tire has the intellectual property rights instead of Ruby haha:

Canadian Tire Corp.'s $30-million deal to acquire the intellectual property of Hudson's Bay includes a profusion of trademarks, brand names, logos and slogans, as well as private labels such as Distinctly Home and Hudson North, court documents reveal


Hudson's Bay instead of Temu Bay. LUL

[JDMDreams]

^^ yea but most of Canadian tire stuff is just really overpriced temu stuff