HBC shuts down home business, considers Saks off-price closures
Hudson's Bay Company., which runs North American retailers Saks Fifth Avenue, Hudson's Bay, Lord & Taylor and off-price retailer Saks OFF 5TH, said it is shutting down its Home Outfitters business in Canada. The company is also looking to close up to 20 locations of Saks OFF 5TH in the U.S.A. "These actions are part of the company's strategic plan to reduce costs, simplify the business and improve overall profitability," the company said.
press release: HBC shuts down home business, considers Saks off-price closures
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