Hudson's Bay Announces Liquidation And Nationwide Store Closures

department store Hudson's Bay The Bay liquidation bankruptcy bankrupts closing going out of business retail Hudson's Bay Company shopping recession economy economic issues prices price cost of living inflation increased prices expensive products commerce Toronto Ontario Canada North America Hudson's Bay Toronto Canada March 19 2025 liquidation store closures financing 80 stores liquidation sales closures June 2025 Creative Touch Imaging Ltd. NurPhoto retail department store financial difficulties business closure sales event Canadian retail economic impact job losses retail industry consumer impact merchandise discounts inventory clearance business strategy financial challenges store operations retail history shopping retail chain economic downturn.