Hudson’s Bay Acquires Saks

| Daniela Forte

Hudson’s Bay Company announced on July 29 the acquisition of Saks, valued at $2.9 billion or $16 a share, according to a press release from Sak’s Fifth Avenue. Hudson’s Bay Company also owns Lord & Taylor and Home Outfitters.

Ecommerce Continues to Grow

| Daniela Forte

Today most store merchants are looking to start their own online store to increase their business, brand and presence worldwide, according to a blog post by Brianna Wills. Having their own online store can easily boost sales and profits for the business.