The iconic Canadian department store chain, which became a stand-alone business in December after former parent HBC spun it out following a merger with rival Neiman Marcus, is planning to file for bankruptcy within days, The Wall Street Journal reported, citing sources. (The Wall Street Journal)

Talking point: Hudson’s Bay occupies a storied part of Canadian history as the oldest company in North America and the second-oldest in the world. For 200 years, it was not only a fur trader, but the governing body for the part of Canada then known as Rupert’s Land, playing a key role in England’s colonization of the region. In recent years, however, the company has lost its lustre. A bankruptcy would mark the demise of yet another historic Canadian retail chain at the hands of HBC, which also presided over the shuttering of Canada’s 37 Home Outfitters stores in 2019 and a flailing relaunch of the discount Zellers brand in 2023.