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Saks Helps Hudson Bay

Hudson's Bay posted a profit in its first quarter, boosted by sales at Saks Inc., which it acquired last year and plans to bring to Canada starting with Toronto. “We’ve been seeing a very strong, positive trend in luxury items — the more unique, the more expensive, the more special a product is, the greater the demand we seem to be getting," said HBC CEO Richard Baker.

Read the whole story at Chain Store Age »

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