HBC seeks to close up to half its stores

Hudson’s Bay Co. could shutter 40 of its 80 stores in an effort to head off bankruptcy. Canada’s oldest retailer, which was granted creditor protection last week, may have to lay off thousands of workers as part of its restructuring plan. A source familiar with company discussions told The Toronto Star that the company hasn’t yet decided which locations could be affected, and that the total number of planned closures could change.