One Of Downtown Toronto’s Bay Stores to Close

Hudson’s Bay is closing one of its two stores in downtown Toronto after 48 years.

The department store retailer says its Bloor Street location will close May 31st, joining stores in Edmonton, Winnipeg and Dorval that have shuttered in recent years.

The retail complex and adjoining 35-storey office tower are owned by Brookfield Properties.

HBC says the store’s proximity – just 2.5-kilometres from its flagship location on Queen Street – allows the company to optimize its real estate portfolio.

Spokeswoman Tiffany Bourre says it will treat affected employees with “respect and fairness through this process”.

Source: Canadian Press