Reuters reports that Hudson’s Bay may be going private in an attempt to stay afloat in a challenging retail environment:
“Hudson’s Bay has been closing underperforming stores to cut costs as it competes with discount stores such as TJX Cos Inc (TJX.N), which have captured cost-conscious younger consumers, and Amazon.com Inc. In August, the company said it would sell its Lord + Taylor department store business for about $100 million to sharpen its focus on its key brands.”
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