The global retail industry’s identity crisis is taking a heavy toll on Hudson’s Bay Company. The Canadian parent company of Saks Fifth Avenue and Lord & Taylor announced Thursday it will close 15 of its Saks Off 5th discount stores and four Lord & Taylor locations, part of an effort to cut fat ahead of its $1.3 billion move to take the company private, according to the Wall Street Journal. Hudson’s Bay shareholders including Richard […]
source https://therealdeal.com/chicago/2019/06/13/hudsons-bay-looks-to-shed-stores-ahead-of-1-3b-deal-to-go-private/#new_tab
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