Hudson’s Bay is introducing a new initiative to extend its enhanced health and safety measures in its stores. With customer and associate well-being top of mind, select Hudson’s Bay locations will now feature CleanSlate UV sanitizers, a technology that uses medical-grade UV rays to sanitize objects like cell phones, wallets, keys and bank cards.
Sycamore Partners is reportedly the leader in an auction for J.C. Penney— and if the bid is successful, the private equity firm will merge the department store retailer with Belk, according to published reports.
A range of retailers across channels are responding to the coronavirus outbreak with moves to temporarily close their stores, reduce store hours and other consumer and employee oriented initiatives.
According to the New York Post, Amazon will pay $1.15 billion to acquire the former Lord & Taylor flagship in Midtown Manhattan.
Hudson’s Bay Company’s shareholders voted overwhelmingly in favor of a plan to become a private company at a special meeting of shareholders.
During the third quarter, Hudson’s Bay continued to reposition its department store business even as its off-price Saks Off 5th operation generated positive comps in a period when the company’s luxury customers were bargain shopping.
Hudson’s Bay has completed the sale of the company’s remaining stakes in its European real estate and retail joint ventures to its partner, Signa Retail, for a total consideration of approximately $1.5 billion.