HBC faces tight deadline to save six stores

Hudson’s Bay Co. is seeking approval of a new agreement with lenders that would give it until April 7 to save the six locations it hopes to preserve —an extension of just three days. Under the terms of the agreement, if the retailer hasn’t found a likely buyer by that date, liquidation of those stores would begin the next day. A lawyer for HBC told the Ontario Superior Court of Justice the agreement was not “a very satisfying outcome” but was the best the company could negotiate.