Liquidation sales in the remaining stores of Hudson’s Bay were launched this morning with an abundant presentation of customers who delighted with discounts of up to 70 percent.
In the company’s badge store on Yonge Street, some customers remained at the doors just before opening at 10 am
Once they made their way, the traffic quickly picked up since many of their final shopping trips in the department stores now closing the 96 of their bay, Saks Fifth Avenue and Saks outside the fifth stores.
Many buyers have been for the company’s stripe merchandise, as well as clothing, which was marked by up to 50 percent. Perhaps the busiest area was the jewelry department, where everything was discounted at 70 percent.
In addition to the flagship, the new stores that join the settlement are found in Yorkdale Mall in Toronto, Hillcrest Mall in Richmond Hill, the center of Montreal and Carrefour Laval Mall and Pointe-Claire in Quebec. The six stores were previously saved from the liquidation last month.
While there are still a few days left to make an offer to save the business, the locations are entering liquidation because the company’s financial advisor has said that there is a “low probability” that the company finds a buyer for its remaining locations.
