logo
Hudson's Bay heads into last days of sale with lots of shoppers, little merchandise

Hudson's Bay heads into last days of sale with lots of shoppers, little merchandise

TORONTO - Hudson's Bay headed into its last weekend of liquidation sales with its Toronto flagship teeming with shoppers looking for one last treasure from the department store.
Even before the Yonge Street location opened Friday, shoppers waited in front of its doors, exchanging hopes for what they'd find inside and strategizing how to beat the competition.
When they made it in, they found large swaths of the store had been emptied out, but plenty of deals still remained.
There were $10 Levi's jeans for men, $5 corsets for women and $15 pajama sets.
There was also a seemingly endless array of furniture and fixtures for sale, including plastic fruit, decorative books, stacks of woven baskets, holiday gift boxes and row upon row of mannequins.
Travette Banfield picked up a bag of discounted inserts that will hold up the boots always falling over in her closet and others to stretch her and her kids' shoes, but her best find was a $50 mannequin that came in her skin tone and had wooden arms and adjustable fingers.
She wanted to use it to model outfits for social-media videos she makes but was struggling to balance the mannequin in her shopping trolley.
'We're going home on the TTC like this,' she said, chuckling in the middle of the shoe department.
While she joked that she's 'not trying to be a hoarder,' she said she had been to the store earlier in the week, after a friend urged her to go see what Hudson's Bay had left, while they were out for dinner.
'I was in high heels dragging this pot set through the store,' she said, laughing again.
She wasn't the only one to make repeat visits to the department store known as Canada's oldest company as it prepares to close all of its locations by Sunday.
Many of the shoppers at the flagship on Friday said they had visited several of the 80 stores the Bay operated or some of the 13 it ran under its Saks banners in recent days.
They said they made multiple trips because they wanted to find savings but also felt it was important to bear witness to the collapse of the 355-year-old company, which filed for creditor protection in March.
'I had a security guard laughing at me because I've been taking photos the whole time I've been here of just, like, empty areas that are normally filled and have been filled my whole life,' said Alysha Robinson, who was buying decorative white and gold pumpkins and Easter eggs she will use for displays at her cannabis store.
'It's just strange to see it so desolate.'
Two floors up, Ares Hadjis agreed. The hollowed out Bay brought a sense of déjà vu because he worked for rival department store Sears Canada before it shuttered in 2018.
'I'd rather this place were bustling and still good, but I guess it just reflects the changing landscape,' he said while in search of grocery oddities to add to the fake display steaks and cheese he bought at the Bay last week.
'Even I've been getting more things online the last few years, so I guess I've been contributing to this as well.'
In court documents, Hudson's Bay placed the blame for its demise on lower downtown store traffic, a tough recovery from the COVID-19 pandemic and the more recent trade war.
The trio of challenges made it hard to pay mounting bills and eventually led to layoffs, broken escalators and stores that had to close for days on end because their air conditioning systems were in disrepair.
'I could see it coming but I was always hoping that things would turn around because this is an iconic store,' said Ceciel Wells, who worked at the Bay's Bloor Street location in Toronto for 37 years before it closed in 2022.
'I really could see the writing on the wall, nevertheless it's a sad day.'
When she visited the Yonge Street flagship on Friday, she was 'shocked' to see how 'everything is almost gone.'
In prior weeks, she had found the Square One store in Mississauga, Ont., teeming with great deals, including heavily-discounted carpets she, her daughter and her friend bought and a $149 Calvin Klein dress she found for $18.
Her Friday shopping trip featured far less merchandise to choose from, yet she still managed to nab some marked down clothing for a loved one.
For Wells, the bargains were a bonus. The real point of the trip was to see the store and her former colleagues, who gathered informally among racks of picked over bathing suits and dresses, one last time.
'It was a wonderful, wonderful place to work,' she said, 'so I just came here to say goodbye.'
This report by The Canadian Press was first published May 30, 2025.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Coach's Hit Handbag Shows How Less-Expensive Luxury Is Gaining Ground
Coach's Hit Handbag Shows How Less-Expensive Luxury Is Gaining Ground

Business of Fashion

time7 hours ago

  • Business of Fashion

Coach's Hit Handbag Shows How Less-Expensive Luxury Is Gaining Ground

Ultra-luxury is losing its luster — and mid-tier competitors are capitalizing. Industry bellwether LVMH Moët Hennessy Louis Vuitton SE, which reported weaker-than-expected sales in the latest quarter, was accused of selling a Dior bag that costs about $60 to make for $2,800. Meanwhile, Tapestry Inc.'s Coach is cashing in on cool with its $495 Tabby bag — a viral hit that costs a fraction of a similar shoulder bag from Dior or Chanel. That's just one example of how mid-tier luxury brands are weathering the current economic uncertainty better than their ultra-luxury and fast-fashion counterparts, as consumers seek quality and value without the sky-high prices amid a weaker global economy. 'There's a bit of a backlash going on,' said Fflur Roberts, head of luxury goods at Euromonitor International. Consumers are questioning the true value behind the price, including how items are made and the cost versus what they're really worth, she said. As wealthy consumers trade down, mid-tier brands are performing increasingly well. Tapestry, which also owns the Kate Spade and Stuart Weitzman brands, recently raised its forecast for the year after reporting quarterly results ahead of analyst estimates. Amer Sports Inc., which owns premium sportswear brands Salomon and Arc'teryx, also increased its projections for the full year, while Michael Kors owner Capri Holdings Ltd. and Hugo Boss AG both outperformed market expectations. Ralph Lauren Corp. is another winner, offering a broad price range and maintaining appeal through its classic design, according to Bloomberg Intelligence senior retail analyst Mary Ross Gilbert. Same-store sales rose 13 percent in the three months through March 29, nearly double what analysts expected. Meanwhile, luxury giants Hermès International SCA and Gucci owner Kering SA joined LVMH in disappointing investors in the most recent earnings season, while privately-held Chanel Ltd.'s profit plunged. On the other end of the spectrum, fast fashion also struggling. 'We've seen a more difficult environment,' said BI senior analyst Charles Allen. Higher Zara prices and fewer H&M promotions are deterring shoppers, he added. Zara owner Inditex SA, Hennes & Mauritz AB and Primark, owned by Associated British Foods Plc, all reported slower growth or missed targets, while JD Sports Fashion Plc's same-store sales fell 2 percent in the first quarter and are expected to drop again. Tariffs — a key reason for the luxury slowdown — leave retailers targeting value shoppers little wiggle room. Uniqlo owner Fast Retailing Co. already warned these could hurt future earnings, while H&M said it may raise prices to offset the impact, which could push shoppers further away. Still, some consumers may be returning to stores. Primark US sales grew in April — partly due to the Easter holiday shifting to the month — after shrinking the previous two months, according to observed sales data collected by Bloomberg. Meanwhile, US wages continued to grow in April, and the country is still at a full employment level with the unemployment rate at 4.2 percent. US spending in April, however, ground to a halt. 'If people have money and see something tempting, they'll spend,' Allen said. 'People don't always behave how they say they will.' By Rachel Phua Learn more: How Coach Used Data to Make Its Tabby Bag a Hit After the bag initially proved popular with Gen-Z consumers, the brand used a mix of hard numbers and qualitative data – including 'shopalongs' with young customers – to make the most of its accessory's viral moment.

Women Who Were Nannies For Wealthy Families Are Exposing Secrets About What The Job Is Really Like, And This Career Path Is Not For The Weak
Women Who Were Nannies For Wealthy Families Are Exposing Secrets About What The Job Is Really Like, And This Career Path Is Not For The Weak

Yahoo

time13 hours ago

  • Yahoo

Women Who Were Nannies For Wealthy Families Are Exposing Secrets About What The Job Is Really Like, And This Career Path Is Not For The Weak

Being a nanny definitely comes with its challenges. In fact, some have publicly shared the unbelievable texts they get from parents just to spread awareness: However, when it comes to nannying for extremely wealthy families, you may encounter a whole new set of obstacles. Here are some of the surprising things current and former nannies on Reddit have to say about it: 1."$100,000+ a year is a standard full-time nanny rate because you're working about 75 hours a week." —u/stephelan 2."While they are otherwise very reasonable people, on food delivery night, if the kids can't agree on where to order from, they all order from separate restaurants. With the seamless fees the way they are right now, and tips, that's easily an extra $50 or more vs. them ordering from one restaurant." —u/ssseltzer 3."They'll often get amazing packages that they won't open for WEEKS. And they have a room just for all the gifts they receive for any occasion. They will slowly go through all the gifts throughout the year. A lot of them get donated without the kids even opening them, most of which are personalized specially for the kid. They'll have someone come to decorate their inside Christmas tree and then come back and take it all down. Someone comes to hide their Easter eggs, too. They also have outdoor heated flooring all over their yard. I was so impressed with this, lol." —u/Lalablacksheep646 4."Obviously, the pay and benefits can be awesome, but I've noticed I'm expected to basically parent the child rather than being a supplemental caregiver. The family I work for is so wealthy that they can afford around-the-clock care, even when BOTH parents are home/not working. The mom does not work, and the dad has a very flexible schedule. They genuinely would just prefer to pay someone to be the primary caregiver. For that reason, it can be really emotionally draining. I'm expected to talk about body changes, needing deodorant, body confidence, etc. I think back on my own childhood, and having my mom talk to me about these life experiences was so impactful and strengthened our bond..." "It's a complicated issue because I love the family and the job. I know the parents are grateful for me, but I can't help thinking the kids would be better off if they had a deeper, more connected relationship with their parents, even if that meant fewer hours and less money for me in the long run. I have another family I work with who are more 'upper middle class' and both have full-time jobs. When they come home, they want nothing more than to spend time with their kids since they haven't seen them all day. I cannot say the same is true for the ultra rich family I mentioned above." —u/popkiwibanana "I have found that working for the ultra wealthy is decidedly not for me. It seems great up pay! Benefits! Travel! But I found that the wealthier they are, the more out of touch they are. It made me realize how much normal stuff I took for granted working in middle-class homes, including how they relate to their children. The wealthy I worked for often seem to have families for appearances, but never want to develop relationships with them. We simply had different values. Sometimes it depends on how the wealth was acquired (for example, working for celebrities differs from finance). Once people haven't heard 'no' for a while, have a full household staff, fly private, etc., they seem to have ridiculous expectations over the stupidest things." —u/singoneiknow 5."The amount of clothing. OMG. I'm contracted to also do cleaning/organizing after bedtime since I'm a night nanny. Every week, the mom purchases the equivalent of a new wardrobe for herself and her daughters. I am tasked with making this all fit in their respective closets. Everything is overflowing. Everyone's closets are FULL of clothing with the tags still on. They order catering-sized meals from restaurants and eat those throughout the week. Also, they have huge amounts of snacks. I organize and stock the pantry. That shit will be FULL and the mom will still walk in with another Costco order. They leave the country a lot. They have season passes to Disney. We live in Michigan." —u/dammitbarbara 6."Broken dishwasher? No problem…just use all paper products for the week! Who could imagine handwashing dishes? Kids need to do something difficult? Take them to Target after as a reward. Every time. Even if it's a $50 toy, at least there's no meltdown! The food not even the money so much as it is the principle. Truly heartbreaking to see so much food bought, and thrown away." —u/Sea_Contest_4424 7."The family I work for did a complete garage remodel, and while I was going through stuff to put away, I found the equivalent of a thousand dollars worth of Tiffany's baby stuff. Apparently the dad was supposed to send that gift to his best friend's first kid in 2017." —u/nanny1128 8."Every year, the family I work for goes to a beach destination for rich people, and they rent a whole beach villa. One year the mom was sitting with me feeding her kid breakfast, and she mentioned that the villa was really crappy compared to last year. I was like, 'Yeah, you are so right! This one has a horrible view of the ocean! And the decor is really outdated.' And she was like, 'Right??!!' Then later, I was thinking to myself, baby girl, you will never in your life be able to afford to even spend one night in this house on your own. What the actual hell. It's easy to get used to things and take them for granted." —u/Anxious_Host2738 9."They have no concept of what anything really costs. The dad I nanny for handed me $50 for a cheap salad I got him for lunch one day." —u/jeezjulia 10."The mom I nanny for has EVERYTHING I wonder if they ever go in person to the store. I understand delivery every once in a while, but they get bags and bags of groceries and boxes from department stores every day. I just can't imagine not going shopping for my own stuff, nor can I imagine the expenses of all these services. Same with the vacations they take." —u/nps2790 11."I work for a middling-wealthy family, have been for two years. The kids have no concept of how much money their parents have. The younger one doesn't realize why it's inappropriate to joke about how much money she has stashed away for 'chores.' She doesn't realize that it's more than I earn in weeks, and that she didn't actually earn it." —u/847362na 12."I do tutoring for a wealthy family, and despite the fact that they seem to have come from fairly average backgrounds, they really have no concept of how normal people think about money. I was talking about visiting the library, and they were confused by the fact that I didn't just buy all the books I wanted to read. They also pay me every six months or so, and seem confused that I want money more often. They fly their kids home from their high school sports tours (they play in tournaments all over the continent) and think nothing of it." —u/Alsadius 13."The drama is just like TV. The dad in the family I nannied for had a secret daughter and another family for five years. Money was just thrown around. A $500 rocking chair is the wrong shade of orange? Just throw it in the garbage and go buy a new one. Daughters are fighting with each other over their Barbie dream houses? Calm them down by taking them to the American Girl store for new dolls, and then get them a blowout afterwards." —u/pinkpanda24 14."I see cool gadgets in their home, and I always look them up to see if I can get one, but they're usually unreleased and just teased online. I'm so confused how they have stuff not even out on the market yet 😩." —u/birtheducator younger sister nannies for a wealthy couple, and she's mentioned a few things that really threw her off at first. The biggest thing was how uninvolved they are with their daughter's life. She was born early in October, and by the end of the month, my sister was already spending 80+ hours a week with her. The husband has only been home one day since she started working for them, and the wife is gone from 6 a.m. to 9 p.m. every day. They've offered to pay for work on her car countless times, and the wife gave my sister all of her Christmas decorations from last year. Most of them still had their tags on them. She spent $20 per ornament and didn't even use them." —u/IslandoftheMoths 16."My days consist of trying to keep the rich kids I nanny out of the 10-foot fountain in their entryway 🫠." —u/PartyOkra7994 17."A good friend of mine is a nanny for a very wealthy couple. He is the source of the wealth, which is largely inherited. He has a job, but it's the kind of job where he never has to show up or do much work at all, and it pays him hundreds of thousands a year. Every day, the wife goes to her job and the husband goes to his floor of the house where nobody is allowed to bother him. He spends the day smoking pot and lazing about like he's Jeff Lebowski. That's it. That's all he does. But he doesn't want his kids bothering him, so he locks himself away and pays my friend to raise his kids for him. My friend likes her job, but I'll never be able to have much respect for a dude who has all the time and money in the world and he uses it to sequester himself away from his own kids and watch movies all day." —u/MidasVirago Have you ever been a nanny — or are you currently one — for a wealthy family? Share your experience in the anonymous comments form below, and you may be featured in an upcoming BuzzFeed article!

Redesigning the Bay's old stores come with challenges and opportunities
Redesigning the Bay's old stores come with challenges and opportunities

Hamilton Spectator

time21 hours ago

  • Hamilton Spectator

Redesigning the Bay's old stores come with challenges and opportunities

TORONTO - When Hudson's Bay began liquidating all of its stores and hunting for a potential new owner, Ruby Liu was determined not to let Canada's oldest company disappear. The B.C. mall owner made an offer for the company in hopes of restoring it to its former glory, but when Canadian Tire was chosen (court approval pending) to buy its name and trademark stripes, Liu's plan was foiled. Yet she didn't give up. Instead, she brokered a deal to take over up to 28 of the leases held by Hudson's Bay and its sister Saks businesses in Alberta, B.C. and Ontario and transform them into 'a new modern department store.' But making the jump from vision to reality won't be easy, even with her persistence and the billions of dollars reportedly at her fingertips. 'There is a lot of research, a lot of planning, a lot of capital, a lot of logistical challenges, inventory, branding and people that need to be figured out,' said Jenna Jacobson, the Eaton Chair in Retailing at Toronto Metropolitan University. Because Hudson's Bay sold off its real estate years ago, Liu's first task once the liquidation sales end Sunday will be convincing the landlords who own the massive spaces to get on board with her plan or it's unlikely a court will rubber stamp it. Several landlords have told The Canadian Press they are awaiting more details before they decide what to do about Liu, who declined to comment for this story. Don Gregor, an executive vice-president at Aurora Realty Consultants not involved with the deal, suspects their approval will be hard to win. He reasons that landlords like to be in control and usually don't want to have tenants selected for them, especially tenants who will pick up 'trophy leases' with the kind of deep concessions only a business as storied as the Bay could extract. Many of those leases date back to the very inception of the malls or properties they cover and would have rent charges Gregor believes were 'well-below market.' He also figures they had clauses restricting what other tenants could move in and what else could be built on the site. '(Landlords) would have loved if HBC had gone bankrupt and hadn't just fallen apart totally and they just get the space back because all the restrictions that anchor tenant held in that old lease would have gone away,' he said. 'Now, there's going to be a negotiation, like a dance between the two parties, where they have a little bit of give and take.' Liu will come to the table with plenty of business experience. She is said to have made billions through real estate developments in China before she headed to Canada. Once here, her Central Walk business bought British Columbia malls Tsawwassen Mills, Mayfair Shopping Centre and Woodgrove Centre, as well as Arbutus Ridge Golf Course. The shopping centres feature plenty of Canadian mall staples along with rarities like Bass Pro Shops, L.L. Bean and even café kiosks powered by robot baristas. Gregor thinks Liu operates 'very good malls' but will need a 'wonder team of lawyers' to advance a deal as significant and complex as the Bay one. One thing she'll have going for her is that landlords don't like to leave big pieces of their properties in limbo, said J.C. Williams Group retail strategist Lisa Hutcheson. 'In some ways, she makes it easier for them to not have to be worrying about how they're going to fill that large square footage,' she said. If they approve of Liu, they will also have someone to shoulder repairs the Bay neglected to do, Hutcheson said. A handful of its stores temporarily closed last summer because of air conditioning troubles and even more have been plagued with broken escalators for years. Gregor estimates it would cost half a million dollars to repair the HVAC system at just one of the Bay's biggest locations. Elevator fixes or replacements could take a year, he said. And that's on top of the $100 to $150 per square foot he thinks will have to be spent — at minimum — to shape the spaces. 'These stores are several hundred thousand square feet, and that takes a lot to reposition,' Hutcheson agreed. She pointed out La Maison Simons is spending about 18 months transforming some former Nordstrom locations in Toronto. 'And that's with a fully baked concept that they're going off of,' she said. Liu will have to generate a new concept that can go head-to-head with long-established department stores like Simons and Holt Renfrew and the plethora of options online. That will likely mean brokering relationships with suppliers Hutcheson believes will be 'a little bit nervous' because they are still reeling from millions in losses that came from the fall of the Bay. It will also mean hiring a large workforce that will devote themselves to an untested brand and then sell it to customers. Liu has promised to give suppliers and vendors who worked with Hudson's Bay priority when selecting partners for her new venture. She has also said she will prioritize hiring from the Bay's workforce, which stood at 9,364 staff before its demise. 'But between now and when I expect (Liu's) doors will open, will be a gap, and many of them will find jobs,' Hutcheson said. Despite the battery of challenges Liu will have to overcome, Jacobson said the efforts could be worth it for both her and her customers. If Liu uses the opportunity to mirror the overseas department store model with new brands, supermarkets, restaurants, salons, entertainment and other digital experiences, Jacobson thinks Liu will 'usher in a new form of retail' the Canadian market sorely needs. 'If you look at the Chinese department stores, they often act like more of a destination in and of themselves than what we typically see in a Canadian or North American market,' Jacobson said. 'It's a destination where people could spend a significant amount of time ... which is going to be needed in order to have a successful model moving forward.' This report by The Canadian Press was first published June 1, 2025.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store