"It truly is mixed emotions for the reason that I am glad that I've obtained this bit of memorabilia, but concurrently, HBC has been listed here because 1670, our initial Canadian corporation, and I do think it is a unhappy instant for the Canadian identity, for the Canadian economic system."
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Hudson’s Bay personnel are Talking out right after Mastering they can obtain no severance fork out as the business confirms it pays out $three million in bonuses to executives and managers managing the liquidation of most stores.
Right after attempting to spare them from liquidation, Hudson's Bay is clearing out products from its six remaining places, including its downtown Toronto flagship store.
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Attained for comment about the latest developments, Hudson's Bay spokesperson Tiffany Bourré explained she experienced absolutely nothing so as to add over and above the courtroom files.
Deep Dive Nordstrom and Macy’s abandoned the ‘retail inventory approach’ immediately after using it for many years. Listed here’s why. The accounting follow, embraced by Division stores from the twenties, is out-of-date, skews critical metrics and fosters undesirable selections, analysts say.
“It isn't really like Canadians decided they don't like Hudson’s Bay Enterprise — it's a custom up there. It’s not like Canadians are walking all-around naked as they don't want to order dresses any more,” he mentioned by phone.
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