A Buyout Won’t Solve Saks Owner’s Real Issue: Department Stores Are Dying – The Wall Street Journal

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A Buyout Won’t Solve Saks Owner’s Real Issue: Department Stores Are Dying – The Wall Street Journal

A group of investors this week set plans in motion to take Hudson’s Bay Co. private, hoping to fix the business out of the public eye.

But going private won’t solve the company’s biggest problem: It owns department stores, a segment of retailing that has been losing share for years to discount chains, e-commerce companies and other upstarts.

Along…

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