Some retail experts say the traditional department store is on its way out in Canada because it didn't change with the times.

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.

Hudson's Bay Company has signalled its readiness to take the next major step in its creditor protection and restructuring process, a move that will