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Hudson's Bay financial woes expected to result in store closings across country

Sizable reduction in store count expected from the financial restructuring of the iconic Canadian retailer that is more than a billion dollars in debt
The Hudson's Bay store in downtown Calgary rises seven floors and spans almost half a million square feet. (CoStar)
The Hudson's Bay store in downtown Calgary rises seven floors and spans almost half a million square feet. (CoStar)

The fallout from the Hudson’s Bay retail chain's bombshell creditor-protection filing is expected to hit the Canadian retail real estate landscape and impact dozens of firms, including partner RioCan Real Estate Investment Trust. The process could lead to the closure of some or all of Canada's 80 Hudson’s Bay stores.

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