Hudson's Bay closes Saks purchase, outlines expansion plans

Canada-based Hudson's Bay Co. closed on its acquisition of Saks Fifth Avenue on Monday, and the new owner plans to spend between $200 million and $250 million on renovations at the upscale department store's NYC flagship, Hudson's Bay CEO Richard Baker said. On the eve of the closing that creates a combined company with 320 stores, Saks top executives Stephen Sadove and Ron Frasch shared memories of working to rebuild the once-struggling retailer and their sadness about leaving Saks.

View Full Article in:

Women's Wear Daily (subscription required) · Women's Wear Daily (subscription required) · CNBC

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Commercial Building Products Sales Specialist
Parksite Inc
Columbia, SC
Human Resources Business Partner
Brooks Brothers
New York, New York
Store Manager
The Container Store
DALLAS, Texas
General Manager
Goodwill Industries of Southern New Jersey and Philadelphia
Aberdeen, New Jersey
Director of Business Continuity
J.Crew
New York, New York