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Hudson’s Bay weighed down by Saks Fifth Avenue, outlet stores | Retail Dive

Going forward, the retail company is focusing on well performing segments like dresses and active wear, and adding new categories, like toys, to its home goods assortment (something Macy’s is also doing in its holiday Backstage pop-ups in full-line stores) and offering exclusive items.

To help Saks Fifth Avenue maintain higher prices and margins, the company is also offering exclusive and differentiated merchandise and has added a concierge service. The company is also doubling down on its off-price category, with a wider variety of price points for its Saks Off Fifth stores. This revised pricing strategy, introduced at the end of the third quarter, “substantially reduced promotional activity and focused on offering great value on an everyday basis,” the company said.

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Hudson’s Bay weighed down by Saks Fifth Avenue, outlet stores | Retail Dive.

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