Saks’ e-commerce, outlets, and Canada roll-out set to lift Hudson’s Bay


Saks Fifth Avenue might have been the last addition to the Hudson’s Bay [fortune-stock symbol= »HBC »] empire of three major department store chains, but the luxury retailer is leading the pack.

Not only did Saks, which HBC bought in 2013 for $2.4 billion, outperform its sister chains Lord & Taylor and Canada’s Hudson’s Bay in terms of comparable sales growth in 2014, the chain also generated 72% of HBC’s overall e-commerce sales that year, despite accounting for about 36% of company sales.

And despite some turmoil at Saks — the company’s star executive, Marigay McKee, left last week after only 15 months for reasons unknown (though Vogue surmised on Tuesday that a poor cultural fit rather than her vision for Saks was the culprit) — that banner is set to lead the charge for HBC’s growth this year.

For one thing, HBC executives say they are speeding up the pace of…

View original post 366 mots de plus


Laisser un commentaire

Choisissez une méthode de connexion pour poster votre commentaire:


Vous commentez à l'aide de votre compte Déconnexion /  Changer )

Photo Google+

Vous commentez à l'aide de votre compte Google+. Déconnexion /  Changer )

Image Twitter

Vous commentez à l'aide de votre compte Twitter. Déconnexion /  Changer )

Photo Facebook

Vous commentez à l'aide de votre compte Facebook. Déconnexion /  Changer )


Connexion à %s