Hudson’s Bay is in limbo after filing for creditor protection. Here’s what you need to know

Hudson’s Bay Company filed for creditor protection, indicating financial struggles and potential sale or closure. Retail experts note longstanding issues, with stores in disarray and layoffs. While stores remain open, closures may occur, rewards program is paused, and gift cards can still be used. Court decision pending on financing and potential layoffs to address debt, with focus on revitalizing the brand for sustainability.

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