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Analysts mixed on Hudson's Bay's bid for Saks

Canadian department store retailer Hudson's Bay yesterday (29 July) submitted a bid for luxury US based retailer Saks after months of specul...


just-style.com | 12 Feb 2008

Plans by US retail group Macy’s Inc to create a nationwide department store brand took a tumble last week when it unveiled measures to axe 2,300 jobs and restructure in an attempt to offset falling sales. After two years of pursuing a one-size-fits-all approach, it seems the key to its new strategy is a focus on local markets.

Latest News

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


Michelle Russell | 10 Nov 2016

Xcel Brands, which owns and manages fashion brands such as Isaac Mizrahi and C Wonder, has signed multiple new license deals across its owned brands that supplement its Quick Time Response apparel programme at Lord & Taylor and Hudson’s Bay stores. 


Katie Smith | 2 Sep 2015

Brand development company Xcel Brands has agreed a strategic partnership with Hudson's Bay and Lord & Taylor, which will allow the retailers to manage dynamic assortments of inventory in response to customer demands.


Michelle Russell | 18 Dec 2014

Canadian department store operator Hudson's Bay Company has appointed retail veteran Gerald Storch as chief executive.


Katie Smith | 12 Sep 2014

Canadian department store operator Hudson's Bay Company has more than halved its losses during the second quarter, thanks to a near-doubling of sales.


Katie Smith | 4 Apr 2014

Higher costs related to its CAD2.9bn (US$2.63bn) acquisition of luxury retailer Saks resulted in a 67% decline in fourth-quarter profit for Canadian department store operator Hudson's Bay Company.


Katie Smith | 30 Jan 2014

Canadian department store retailer Hudson's Bay Company has created a new digital division, which will be led by Michael Burgess.


Michelle Russell | 20 Jan 2014

US-based luxury retailer Saks Fifth Avenue has confirmed its general merchandise manager, Joseph Boitano, is to step down.


Michelle Russell | 9 Jan 2014

Canadian department store operator Hudson's Bay Company has appointed Jonathan Greller to head up its outlet stores.


Michelle Russell | 18 Nov 2013

Canadian department store retailer Hudson's Bay has promoted a number of people to senior positions within the company as it shores up its new executive team.


Katie Smith | 5 Nov 2013

Canadian department store operator Hudson's Bay Company has completed its US$2.9bn acquisition of US-based luxury retailer Saks.


Katie Smith | 31 Oct 2013

Saks shareholders have approved its merger with Canadian department store retailer Hudson's Bay Company, in a move that creates a leading upscale North American fashion retail business.


Katie Smith | 28 Oct 2013

Canadian department store operator Hudson's Bay Company has appointed Russ Hardin as its new chief creative officer and senior vice president.


Katie Smith | 13 Sep 2013

Canadian department store retailer Hudson's Bay Company swung to a loss during the second quarter, weighed down by CAD59.9m (US$58m) in costs related to the pending acquisition of US luxury retailer Saks.


Katie Smith | 29 Jul 2013

Canadian department store retailer Hudson's Bay Company is to acquire luxury US retailer Saks in a deal worth US$2.9bn in a move that creates a leading North American retailer operating across the luxury, mid-tier and outlet sectors.


Katie Smith | 22 Jul 2013

The chief executive of private investment firm Starwood Capital Group is rumoured to have submitted a bid for upscale retailer Saks.


Katie Smith | 25 Jun 2013

Canadian department store retailer Hudson's Bay, whose brands include Lord & Taylor, has reportedly emerged as a potential bidder for US luxury retailer Saks.


Katie Smith | 20 Jun 2013

Children's apparel retailer The Gymboree Corporation has appointed Levi Strauss & Co executive Joelle Maher as the company's new chief operating officer.


Katie Smith | 19 Jun 2013

Hudson's Bay has made changes to its executive structure, with president Bonnie Brooks stepping down from her role to serve as vice chair at the Canadian department store retailer.


Katie Smith | 13 Jun 2013

Canadian department store retailer Hudson's Bay has seen its first-quarter losses narrow to CAD80.7m (US$79.4m) for the 13 weeks to 4 May, boosted by strong sales at its namesake stores growth as well as improved gross profit and operating expenses.


Katie Smith | 12 Apr 2013

Canadian department store retailer Hudson's Bay Company has seen its fourth-quarter net profit nearly halve, after it was forced to clear inventory at its Lord & Taylor stores across the US after Hurricane Sandy.


Katie Smith | 25 Feb 2013

Canadian department store retailer Hudson's Bay has promoted Eileen DiLeo to executive vice president of stores for its Lord & Taylor and namesake brands, replacing Debbie Edwards who is retiring.


Katie Smith | 4 Feb 2013

Iconix Brand Group, which licenses fashion and footwear labels including Candie's, Bongo, London Fog and Joe Boxer, has acquired a 51% interest in the Buffalo David Bitton brand for US$76.5m.


Petah Marian | 12 Dec 2012

Canadian department store operator Hudson's Bay Company saw third-quarter losses widen as it recorded strong same-store sales growth.


Katie Smith | 20 Nov 2012

Canadian department store retailer Hudson's Bay has said it will look to raise CAD365m (US$366m) through an initial public offering filed last month.


Katie Smith | 18 Oct 2012

Canadian department store retailer Hudson's Bay is to list its shares on the Toronto Stock Exchange - and has filed a preliminary prospectus with the regulatory authorities in Canada for its initial public offering.


Katie Smith | 7 Aug 2012

Perry Ellis International subsidiary PEI Licensing has signed a license agreement with The Kersheh Group division Vayola to design, manufacture and distribute Laundry by Shelli Segal branded sleepwear, robes and loungewear.


Katie Smith | 19 Jul 2012

Brand management company Cherokee has appointed Frank Tworecke to its board of directors, replacing Dave Mullen, who has retired.

Latest blogs

Leonie Barrie | 5 Aug 2013

A $2.9bn deal that brings together the Hudson's Bay, Lord & Taylor and Saks Fifth Avenue brands into a combined company with 320 stores in the US and Canada was finally confirmed last week after months of speculation.

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