By  on March 4, 2019

Helena Foulkes, chief executive officer of Hudson’s Bay Co., left CVS last year with a prescription for the Canadian department store giant: dump the distractions and focus on strengths.

In a Code Commerce session during Shoptalk on Sunday night in Las Vegas, she laid out how that thinking played into a string of recent moves — including the fire sale of e-commerce site Gilt Groupe. After two years, the $250 million acquisition wound up being sold for less than $100 million in a deal struck in June.

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