HBC To Shut Down All Home Outfitters Stores

TORONTO — Hudson's Bay Co. is shuttering its Home Outfitters business and eyeing the closures of 20 of its Saks Off Fifth locations, in a bid to increase profitability.

The Toronto-based company behind a handful of big-box and luxury retailers said its decision to shut down its household goods brand, with 37 stores in Canada, and review its roster of 133 Saks Off Fifth stores is part of a plan to "reduce costs, simplify the business and improve overall profitability."

"Further...

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