When might Hudson’s Bay liquidation sales start in Canada? [Video]

Hudson’s Bay spent Monday in court asking for permission to begin a liquidation of all of its stores as early as Tuesday, even as it holds out hope that it will find a lifeline.

But a judge kept any decisions on hold for now while he considers the company’s case.

Lawyers for the beleaguered retailer asked Ontario Superior Court judge Peter Osborne on Monday to allow the company to start liquidating all 80 of its stores, as well as the three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada that it owns through a licensing agreement.

The process Hudson’s Bay proposed would allow the retailer to remove some stores from the liquidation process, should it find sufficient financing during the 10 to 12 weeks when lawyer Ashley Taylor expects the company to offload its inventory.

Osborne held off making a ruling on the liquidation matter Monday, …