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Retail

Saks owner HBC looks to omnichannel to combat slumping sales

June 9, 2017

Retail is facing challenging times. Image credit: Saks Fifth Avenue

 

By Staff reports

After reporting declining sales for the first quarter of fiscal 2017, Saks Fifth Avenue’s owner Hudson’s Bay Company is streamlining its operations to save on costs.

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  1. Christofle spotlights two centuries of innovation at Paris' Musée des Arts Décoratifs
  2. Dior welcomes first beauty boutique in North America
  3. ‘Shifting consumer mindsets are set to enable longer-term premiumization’: report
  4. Luxury brands losing ground with younger audiences: Bain
  5. Lexus logs 25 years of 'December to Remember'
  6. Kering launches Generation Award X Jewelry to support sustainable design
  7. Gucci channels spirit of giving
  8. Trinity Investments acquires The Standard, London
  9. Vestiaire Collective partners with influencers to combat fast fashion
  10. Luxury Unfiltered: Crisis or opportunity? Why luxury brands must focus on strategy, not fear
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