The Hudson's Bay store in Coquitlam was closed on Nov. 22 after its landlord said the company failed to pay its rent. As a sort of "anchor tenant," department stores take up one giant corner of the property. As that new reality set in, other big department stores like Target and Sears couldn't keep their heads above water. "I don't think department stores are ever going to— or in the next several decades, are ever going to completely disappear," she said. "And if they end up being the only real ... mainstream department store left in Canada, then because of that they will survive."

Source: CBC News November 28, 2020 09:00 UTC