Financially troubled Hudson’s Bay to hold once-in-a-lifetime warehouse sale

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Attention, Hudson’s Bay shoppers.

Those who have been scouring shelves for deep discounts have been underwhelmed, according to social media.

But that’s about to change for those in the Toronto area, as the company has revealed plans to offer deeply discounted goods at its warehouse in northern Etobicoke — at 160 Carrier Dr. — starting Thursday.

There are thousands of deals to ready to be shopped, a spokesperson told The Toronto Sun in a statement, adding bargain hunters can expect “heavily reduced” prices on furniture, mattresses, kitchen essentials and home decor, apparel, handbags, kids’ toys and other items.

The discounts are said to be up to 60% off top brand-name items. There will even be select HBC stripes items up for grabs, though selection is limited.

The warehouse will be open for business on Thursdays to Sundays until everything is sold (with the exception of April 18-20).

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All products are sold as is, the company noted, and no cash — only credit and debit cards — will be accepted.

Last month, Canada’s oldest retailer announced that all but six of its locations in Canada will remain open after filing for creditor protection.

However, the financially troubled company’s restructuring proposal was rejected by an Ontario court, increasing the likelihood that lenders may seek to push the company into receivership.

Retail experts say HBC’s looming demise as a national presence would be a “historic loss” but not surprising, given the retailer’s inability to draw customers into stores.

That said, the billionaire owner of three B.C. shopping malls has declared her intent to purchase the ailing Hudson’s Bay department store chain, outlining her plan in a series of videos posted on a Chinese social network.