Hudson's Bay Enters Creditor Protection

Hudson's Bay, Canada's oldest retailer, has entered creditor protection due to struggles with debt compounded by the pandemic, inflation, and trade tensions with the U.S. The company faces challenges in making payments to landlords, suppliers, and employees.

Macy's Transformation Strategy

Macy's is undergoing a transformation by closing underperforming stores, focusing on luxury brands like Bloomingdale's and Bluemercury, and opening smaller stores away from malls to attract wealthier shoppers. The company is aiming to boost its stock price and sales amidst increasing competition in the retail sector.