HBC to shutter Home Outfitters Chain; Saks OFF 5th under review

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Yikes, Another one bites the dust! Hudson's Bay Co. announced that they are closing all 39 Home Outfitter locations by the end of the year. HBC says that this move is part of a plan to "costs, simplify the business and improve overall profitability."  HBC is also reviewing their Saks OFF 5th Chain and might shutter some stores.
This news comes after Payless announced last week the closure of all their US and Canadian stores. This news comes after Payless announced last week that they are closing all of their Canadian and US stores.
Source: Global News

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