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Posted Nov 22, 2020 at 11:57 am PST
Last updated Nov 22, 2020 at 12:49 pm PST
Hudson Bay at the Coquitlam Center. (Courtesy: Google Maps, Hossein Mirzaghafour)
Summary
A Hudson Bay store in British Columbia is closed for non-payment of rent
A letter on the shop door says that the owner has terminated the lease of the shop
COQUITLAM (NEWS 1130) – A Hudson’s Bay store in Coquitlam Center has been closed and a letter posted on his front door Saturday indicates that the closure was due to non-payment of rent.
A letter posted on the door of the department store says that the owner has terminated the lease of the store.
Hudson Bay, like many retailers, has been battling the COVID-19 pandemic, which has prompted people to shop more online.
RELATED: Retailers Prepare When the Virus Hits Consumers and the Economy
The 350-year-old retailer owned by an American investment firm struggled to pay rent elsewhere in Canada, however, Ian Putnam, CEO of HBC Properties, says he has struck deals with most of the Bay’s landowners throughout. the country.
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