Hudson’s Bay is closing most of its stores in Canada, leaving commercial landlords to fill massive vacancies as liquidation sales empty retail spaces, reflecting changing consumer shopping habits away from department stores towards e-commerce and specialty stores. The challenge of replacing The Bay is exemplified by the need to divide up the space into smaller units to attract tenants, with examples like the former Eaton’s department store now housing pickleball courts and a Target space being repurposed for service providers or retailers in residential communities. Commercial landlords must find the right fit for these spaces to adapt to evolving consumer preferences and maximize occupancy.
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WATCH: Carney defends Liberal MP who called for Conservative candidate be handed over to China
out of the summary. Liberal MP Mark Carney defended his party member who called for a Conservative candidate to be handed over to China, stating that the comments were made in jest. The incident sparked controversy and raised concerns about foreign interference in Canadian politics. Carney's response has drawn criticism and calls for accountability within the Liberal party. Full Article
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