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4d ago

Hudson's Bay and Saks Fifth Avenue Stores Enter Final Days as Retailers Vie for Laid-Off Staff

Over 9,300 employees are being sought after by major retailers, while Canadian Tire prepares to acquire Hudson's Bay's intellectual property for $30 million.

Shoppers enter the Hudson's Bay store in downtown Calgary, Alta., Thursday, March 20, 2025. THE CANADIAN PRESS/Jeff McIntosh

Overview

  • All 96 Hudson's Bay and Saks Fifth Avenue stores in Canada are set to close by the end of May 2025, marking the end of months-long liquidation sales.
  • Luxury retailer Holt Renfrew has already hired dozens of former Hudson's Bay and Saks employees, with plans to bring on more in the coming weeks.
  • Shoppers Drug Mart, Rexall, and other retailers are actively recruiting former Hudson's Bay staff, leveraging social media to attract experienced talent.
  • Canadian Tire is finalizing a $30 million deal to acquire Hudson's Bay's intellectual property, including its iconic name, stripes motif, and coat of arms.
  • Experts highlight the value of Hudson's Bay employees' skills in sales, visual merchandising, and inventory management, making them highly sought after across the retail sector.