What:  Hudson's Bay department store will separate its store fleet and e-commerce business into two separate businesses, accelerating its digital-first transformation.

Why it is important:  Just as Saks Fifth Avenue and Saks Off Fifth, Hudson’s Bay has decided to also split the physical and online businesses.

The two entities of the business with still work collaboratively in certain areas, but it seems that HBC’s retailers see value in splitting their businesses. Although the motivation to split the operations is unknown, it could be that the separate entities could be more attractive to varying levels of funding, which has already been seen for Saks Fifth Avenue and Saks Off Fifth.

Hudson's Bay to split its e-commerce, store operations