Saks bought by Hudson's Bay Company, Canada

Discussion in 'Classic Menswear' started by CrimsonSox, Jul 29, 2013.

  1. CrimsonSox

    CrimsonSox Senior member

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  2. BrooksLauren77

    BrooksLauren77 Senior member

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    Hudson's Bay carries a lot of poor quality clothing IME.

    Hopefully they'll introduce Ralph Lauren's nicer lines in Canada.
     
    Last edited: Jul 29, 2013


  3. addedfuel

    addedfuel Senior member

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    Department store retail is a very difficult business (I would never buy a dept store stock as part of retirement planning) . All the big department store names have changed hands one time or another merely within the past decade (Barneys, Harrods, regionals such as Robinson, Hudson's) this purchase is no prize. From a business perspective, it's a complimentary purchase giving Hudson's Bay Co a luxury line and discount line Off Saks. Hudson's Bay and Lord & Taylor are mid-price whilst Home Outfitters is the home products.

    Saks recognises its mission a a luxury retailer and will likely remain so. I don't envision any overlap or synergy savings for the company.
     


  4. CrimsonSox

    CrimsonSox Senior member

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  5. masernaut

    masernaut Senior member

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    I'm afraid with HBC's track record, they'll run Saks into the ground. I wouldn't be surprised if the name has been devalued to nothing but a regular chain store in a few years.
     


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