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Retail

HBC reduces Saks Off 5th footprint in profitability push

February 22, 2019

Saks owner HBC has appointed a new CEO. Image credit: Saks Fifth Avenue

 

By Staff reports

As Saks Fifth Avenue’s parent Hudson’s Bay Company looks to reduce costs, it is cutting down on the number of bricks-and-mortar stores for the retailer’s off-price brand.

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