The Hudson's Bay Company has struck a deal to sell Lord & Taylor's flagship store in New York to office-sharing company WeWork, which will move into some space in the retailer's other properties.
No one expects business at remaining department stores to suddenly collapse, but retail analysts and pollsters say competition is getting fiercer and department stores that do not operate efficiently or embark on wrong-headed strategies could start to feel the pain.
The pending departure of Hudson’s Bay Co. CEO Gerald Storch will do little to reassure investors nervous about the future of department store retailing... (Hollie Shaw, Financial Post)
Hudson’s Bay Co.’s management has been under pressure for months from Jonathan Litt’s Land & Buildings Investment Management
The online retail giant received proposals from nearly all U.S. states, most of southern Canada, parts of Mexico and Puerto Rico.