1. Hudson's Bay Urged By Activist Jonathan Litt to Mimic Macy's

    Hudson's Bay Urged By Activist Jonathan Litt to Mimic Macy's

    Activist investor Jonathan Litt is again urging Hudson’s Bay Co. to explore ways to unlock the value of its real estate, arguing the owner of Saks Fifth Avenue should look to Macy’s Inc. for an example of how to improve shareholder value -- or even sell itself to its American rival...

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    1. Hudson's Bay could learn a lot from the way Macy's has built a credible real estate team to help drive its turnaround.
    2. In 2018 thus far, the Department Store Index is up nearly 40 per cent while Hudson's Bay's share price is nearly flat year-to-date. It has become clear that the familiar refrain blaming the challenges of the macro retail environment no longer rings true.
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