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•Entertainment
Entertainment
65% Informative
Hudson’s Bay lawyers spent Monday in an Ontario court asking for permission to begin a liquidation of all of its 80 stores.
The retailer is still holding out hope for a lifeline and getting enough financing that would allow it to remove some stores from the liquidation process.
The company plans to stop accepting gift cards after April 6 and has already paused its loyalty program, with about $58.5 million in unused points.
The company has been owned by American -based National Realty and Development Corp. Equity Partners since 2008 .
The company admitted things were so bad, that it had deferred some payments to landlords, service providers and vendors.
Retail experts also point to the company’s lack of investment in its bricks-and-mortar stores.
VR Score
60
Informative language
55
Neutral language
51
Article tone
semi-formal
Language
English
Language complexity
44
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
6
