Princeton’s Fields store may not close if an agreement between the Hudson’s Bay Company and another party is finalized.
Princeton is one of 37 communities that may have their Fields’ leases taken over.
This means that the name and merchandise could stay the same in each store.
Fields Holding Company would be taking over the leases from HBC if the tentative agreement is met.
There is no deadline to the deal, so it’s not certain when the agreement will be decided.
“They would assume the existing Fields lease or enter into a new lease agreement with the landlord, and they would also acquire the merchandise,” sid HBC spokeswoman Tiffany Bourre.
It was originally announced that Princeton’s Fields would be shutting down by this fall. All 167 Fields in Canada were slated to close.
“This is a strategic decision by the Hudson’s Bay Company to focus on growing our other banners: The Bay, Lord & Taylor and Home Outfitters,” the company said in a news release at the time.
Princeton Chamber of Commerce president Brenda Crawford said Fields would be greatly missed in town because it's a one-stop-shop with reasonable prices.