For almost 5 a long time, Hudson’s Bay has been a fixture at Yonge and Bloor in Toronto. However in a matter of months, that’s set to alter.
In Might, the historic location is closing its doorways.
“Given the distinctive proximity to the Hudson’s Bay Queen Road flagship location in Toronto, Hudson’s Bay has made the choice to shut its Bloor Road retailer on Might 31, 2022,” Hudson’s Bay spokesperson Tiffany Bourre informed CTV Information Toronto.
The flagship location on Queen – 2.5 kilometers and 4 subway stops away from the Bloor location – will proceed to serve the group with a “seamless omnichannel expertise,” Bourre mentioned.
“We’re dedicated to treating each affiliate with respect and equity via this course of. All eligible associates will obtain acceptable employment separation packages and switch alternatives will likely be explored the place possible,” Bourre mentioned.
The closure of Hudson’s Bay on Bloor follows a authorized battle between the corporate and the Ontario authorities final yr.
On the time, purchasing malls have been compelled to shut as a consequence of pandemic public well being measures and Hudson’s Bay stopped paying its hire.
Though, a provincial choose later ordered the division retailer chain to pay 90 per cent of its hire and resume full funds by Nov. 2021.