Canada's oldest company, Hudson's Bay, may be on the verge of gaining more time to save the six stores it has temporarily been able to rescue from liquidation.

Hudson’s Bay has begun liquidating all but six of its stores after the company filed for creditor protection earlier this month. Here’s how the process is unfolding so far: Hudson’s Bay wants to liquidate all but six of its stores.

The venerable Toronto-based chain faced stronger competition, a lack of investment and a string of management changes and repositionings over the last two decades as it tried to find its way.