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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Carney says counter-tariffs will have 'maximum impact in U.S.'
Liberal Party of Canada Leader Mark Carney made a surprise campaign stop in Quebec Thursday evening after suspending several earlier events to address the fallout from new auto tariffs announced by U.S. President Donald Trump. Carney's decision to visit Quebec came as a response to the impact of the tariffs on the Canadian auto industry and highlighted the importance of addressing this issue in the election campaign. The move demonstrated Carney's quick response to the...
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