Reported 1 day ago
Hudson's Bay, Canada's oldest retailer, has sought creditor protection to restructure its business amidst significant pressures including reduced consumer spending and trade tensions with the U.S. The company, founded in 1670, announced the decision while exploring strategic options to maintain its presence in the retail sector despite ongoing challenges. CEO Liz Rodbell emphasized the importance of protecting Canadian businesses and preserving jobs as part of this difficult but necessary step.
Source: YAHOO