By  on February 21, 2019

In another downsizing of its retail operations, the Hudson’s Bay Co. will shutter its Home Outfitters chain in Canada this year and will close up to 20 Saks Off 5th stores in the U.S.

Saks Off 5th, which operates 133 off-price stores, has been yielding poor results for several seasons, even though the off-price sector, led by T.J. Maxx, Ross Stores and Burlington, is among the strongest in the retail industry.

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