Hudson's Bay sees bigger things for Saks

09/23/2013 | Calgary Herald (Alberta)

Hudson's Bay Co.'s first move after it closes its $2.9 billion acquisition of U.S. luxury department store Saks Fifth Avenue later this year will be to open seven stores in Canada, but the plans for growth don't end there, President Bonnie Brooks said Monday. The retailer will explore options for building the brand in new markets in Asia and possibly Europe, she said. "It (Saks) has a niche that's special and that has been well publicized in films for decades and it has a lot of sex appeal."

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Calgary Herald (Alberta)

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