Headlines

Investor Urges Hudson’s Bay to Improve Profitability

Activist investor wants company to consider closing, redeveloping, selling stores and properties to boost its bottom line

Published

7 years ago

June 21, 2017

Carmen Sechrist

Hudson’s Bay Co. (Toronto) has been urged by a U.S. activist investor to make a variety of moves to move to profitability, including closing and redeveloping stores or selling or repurposing some of its more valuable properties.

The letter comes from Land & Buildings Investment Management (Stamford, Conn.), which has acquired approximately 4.3 percent of the company’s shares.

The letter brought up the New York location its Saks Fifth Avenue flagship across from the Rockefeller Center. Noting the value of the location, the company questioned whether the best use of the property is as a store.

The company said is reviewing the letter and will respond in due course, reports The Star.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design