Daily Digest

HBC Looks to Saks Deal to Transform Luxury E-commerce in Canada

Saks Fifth Avenue | Source: Saks Fifth Avenue

“Online retail is going to be a huge business for us,’ he said last month. ‘Right now many, many products in Canada can only be bought online through TheBay.com, and that is an unbelievable advantage we have in Canada versus the U.S.’… ‘Right now, there is no luxury specialty store, or department store, in Canada that’s online.’”