Hudson's Bay files for creditor protection, intends to restructure | CBC News

Hudson's Bay Company has filed for creditor protection as it faces significant debts and struggles with declining sales. The retailer aims to restructure its finances and improve its operations amid these challenges. This move will allow Hudson's Bay to develop a plan to repay creditors while continuing to operate its stores. Industry experts highlight the need for retailers to adapt to changing consumer behaviors, particularly the shift to online shopping.