HBC should apply learnings from new Saks Global company to the Bay: experts

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TORONTO — Retail consultants say Hudson's Bay Co. should apply lessons it learns from a newly-announced deal uniting several department store giants to its...

TORONTO — Retail consultants say Hudson's Bay Co. should apply lessons it learns from a newly-announced deal uniting several department store giants to its Bay business.

Though the Bay stores have been left out of the new Saks Global company, Lisa Hutcheson of J.C. Williams Group says there's lots of room for the parent company to replicate smart processes from its other subsidiary at its Canadian chain.Liza Amlani, co-founder of the Retail Strategy Group, says time is of the essence for the Bay to make such moves because she's noticed fewer shoppers in stores and bigger markdowns, which are likely weighing on the business.

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Saks parent HBC, Neiman Marcus reach $2.65B acquisition dealHBC, the parent company of luxury retailer Saks Fifth Avenue, has reached an agreement to acquire its high-end competitor Neiman Marcus Group in a deal...
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