Hudson's Bay could face investor pressure to monetize a portion of its $10 billion-plus global real estate portfolio, amid skepticism that restructuring plans will be insufficient to battle a tough real estate market.
The Canadian department store operator said on Friday it would streamline its structure across its various store chains to compete in what it called a "brutal" retail environment, while its shares plunged to record lows.
The first European Saks Off 5th is set to open June 8 in Dusseldorf. Chief Merchandise Officer for Europe, Berna Bartosch, talked with FashionNetwork about the US-based retailer’s store concept for the old continent.
Hudson's Bay Co has made a takeover approach for retail chain Macy's Inc, according to people familiar with the matter, in a deal that would push the Canadian department store operator deeper into the U.S. market.