Hudson's Bay Company (HBC) CEO Richard Baker indicates that he may sell some the company's best stores. HBC owns several massive Canadian flagships, with a combined worth into the hundreds of millions of dollars. Similar to how the company recently sold its Toronto flagship, other Hudson's Bay stores could be sold to adjacent mall landlords. Proceeds from these sales could renovate existing Hudson's Bay stores, not to mention fund Saks Fifth Avenue's Canadian entry. We'll provide an analysis of some top locations and what Richard Baker may have planned.
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