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Hudson's Bay purchase of Saks set to create ripples in Canada

Jul. 31, 2013 9:09 AM ETSaks Incorporated (SKS) StockSKS, JWNBy: Clark Schultz, SA News Editor
  • The bidding for Saks (NYSE:SKS) included more than one department store chain, according to Women's Wear Daily.
  • Soon-to-be-public Neiman Marcus was still in the mix even after earlier talks in May fizzled out.
  • Analysts thinks Hudson's Bay will pose a serious challenge to Nordstrom (NYSE:JWN) and Holt Renfrew in Canada after adding on Saks.

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