Sentences with phrase «u.s. luxury retailer»

But much has changed since Hudson's Bay Co. purchased the U.S. luxury retailer for $ 2.9 billion back in 2013 and announced plans to bring the storied Saks brand to Canada — namely, the cratering of the price of oil, which has taken the Canadian economy down with it.

TORONTO — Hudson's Bay Co. (TSX: HBC) says it will open up to seven full - line Saks stores in Canada and about two dozen locations under a discount banner once it completes a US$ 2.9 - billion friendly deal to acquire the U.S. luxury retailer.

Not exact matches

HBC picked up more than swanky retail space in its recent friendly acquisition of luxury U.S. chain Saks Fifth Avenue.

TORONTO — Luxury U.S. retailer Saks will soon open its doors in Canada with plans to launch up to seven stores north of the border, after being snatched up Monday by Hudson's Bay Co. for US$ 2.9 - billion.

The U.S. confectionery chain says it now has a store in Terminal 1 at Toronto's Pearson International Airport and in the coming months will bring its products to the shelves of 81 Hudson's Bay locations and open at least eight outposts at luxury retailer Holt Renfrew.

Our superior return on invested capital metrics has outperformed other luxury and premium multi-branded U.S. retailers over the last five years.

We believe we provide our customers with a wider assortment of luxury merchandise online that is unmatched by other U.S. luxury and premium multi-branded retailers.

We believe that our scale and success allow us to provide our customers with an assortment of luxury merchandise online that is unmatched by other U.S. luxury and premium multi-branded retailers.

International tourists are cutting back on U.S. trips, leaving luxury U.S. retailers in a lurch, reports Fortune.

During the first nine months of 2007, Sephora's parent, Paris - based luxury goods retailer LVMH, which also operates the DFS chain in the U.S., saw revenues in its retail division here grow 18 percent.

Just as with U.S. investors, volatile markets have prompted an international flight to quality — Class A, CBD offices with stable leases, medical and biotech sites, very select luxury retail like Rodeo Drive, and triple - net retail properties.

While most of the retail industry struggled in 2008 (same - store sales for all U.S. chain stores rose just 1.1 percent for the year), the luxury sector experienced same - store sales declines during 10 of the past 12 months, according to ICSC.

The research firm says the luxury retail market has gone mainstream, particularly in the U.S., where 33 percent of household are categorized as luxury consumers.

In the U.S., luxury retail brands aren't moving in concert when it comes to their real estate strategies, according to Todd Siegel, first vice president in CBRE's Chicago office.

After considering buyout offers from several high profile suitors, including private equity giant Kohlberg Kravis Roberts, the top brass at luxury department store chain Saks Fifth Avenue have made their choice — Hudson's Bay Co., a department store retailer based in Canada and the current owner of U.S. - based department store chain Lord & Taylor.