Equities

Reuters reveals key Hudson's Bay news

Reuters reveals key Hudson's Bay news

Reuters produced two exclusive stories on department store operator Hudson’s Bay, whose stock lifted about 8 percent over two days. Citing sources, Reuters reported that the company is trying to turn around its Lord & Taylor department store chain, once the cornerstone of its retail empire. Separately, Reuters also reported that Hudson’s Bay has signed an initial agreement to sell its flagship store in Vancouver for C$675 million to an Asian buyer.