Monday, July 29, 2013

Fashion News: Saks Fifth Avenue acquired by Hudson's Bay Company

With a $2.9 billion deal,  Hudson's Bay Company could soon add Saks Fifth Avenue to its family that already includes The Bay and Lord & Taylor. If all goes well, Hudson's Bay Company could add up to seven Saks Fifth Avenue stores and up to 29 discount outlets throughout Canada. Things could soon get very interesting on the shopping front, especially with Nordstrom set to open its first store in 2014 in Calgary. With a growing number of options for designer goods, could the cross-border shopping weekend soon be a thing of the past? Let's wait and see...

Image credit: Wikipedia
Info source: Financial Post

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