A separate letter, issued by owner Pensionfund Realty Limited, said the store’s lease had been terminated “for failure to pay rent”.
Penticton Mall and Bay involved in pandemic rent dispute
He adds that the department store has 30 days to dispute the defect.
In an emailed statement, Hudson’s Bay Company spokesperson Tiffany Bourré said the retailer was working with owners across North America to “amicably and logically share the losses suffered at the during this ongoing pandemic ”.
The story continues under the ad
“We believe there are fair solutions to be found as we recover from this public health crisis. In this case, we are eager to reach a fair resolution, just as we have done with other owner partners. “
Toronto-area Hudson’s Bay workers get pay cut, then laid off
Dig360’s retail consultant David Ian Gray said The Bay is feeling the same pressure as many retailers as the pandemic accelerates the changes and challenges the industry is already feeling.
British Columbia Woman’s $ 30 Online Order From Third-Party Amazon Seller Turns Into $ 436 Vehicle Bill
US judge rejects Trump’s attempt to stop Pennsylvania electoral certification
[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]
“They are very heavy,” he says.
“(A lot of people) think, ‘yes, but we all shop online now,’ but the truth is that online sales don’t make up for lost physical in-store sales, especially with non-essential sales like fashion from lively retailers. ”
The company has been in court with several landlords across the country, after allegedly failing to pay rent for the past seven months.
In Penticton, the company is embroiled in a legal battle with the Cherry Lane shopping center.
READ MORE: Coronavirus – HBC sues Yorkdale owner Square One alleging inability to run ‘first class’ shopping malls
The mall alleges the company owes more than half a million dollars in unpaid rent and has served The Bay with a notice of termination and a request to vacate the premises.
But in its own civil lawsuit against the Penticton owner, the company says the mall has not made significant upgrades to reduce the risk of COVID-19 transmission in the mall.
With files from Jules Knox
Show link »
© 2020 Global News, a division of Corus Entertainment Inc.