The pressure is growing for Hudson's Bay Co. to raise shareholder value.With HBC's stock price sinking, Land & Buildings Investment Management LLC sent a public letter to HBC's board of directors to "evaluate all strategic alternatives to maximize shareholder value." Land & Buildings holds 4.3 percent of Hudson's Bay shares.Land & Buildings also said a merger of Hudson's Bay with Neiman Marcus or Macy's — HBC has recently been in talks with both chains — would be "challenging and complicated." Land & Buildings noted that HBC's stock has declined nearly 25 percent since the deal talks surfaced.The shareholder also cited Hudson's Bay decision last week to cut 2,000 jobs and reorganize top management to save 350 million Canadian dollars annually.Land & Buildings added that unlike its peers, Hudson's Bay owns the vast majority of its real estate and said it is worth 35 Canadian dollars per share, compared with its current share price of 8.88 Canadian dollars. HBC owns the Saks Fifth Avenue and Lord & Taylor flagships in Manhattan, among other properties.Sensing opportunity with an activist now pushing for changes, investors traded shares of the company up 13.7 percent to 10.10 Canadian dollars in early trading on the Toronto Stock Exchange.
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot. #wwdfashion ( 📸: @cjw.photo )
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)
“On a personal level, it’s my vision to create a really different idea with their look to be at the epitome of women’s fashion in South Korea – to create a new milestone,” said stylist @chochowon on dressing K-pop’s most fashionable girl group, @blackpinkofficial. WWD’s @mistywhitesidell sat down with Won ahead of the group’s new album release, “Square Up,” which is out today. Read the full interview on WWD.com. #wwdfashion #blackpink_squareup #blackpink
For @ralphlauren, 2018 is a reason to celebrate: It marks the brand’s 50th year in business. Last year’s chauffeured show in Bedford, NY featuring his vintage car collection may have seemed like the big celebration to show-goers, but they were wrong. The official celebration will be held on September 7 during #NYFW. Get all the details on WWD.com. #wwdfashion (📷: @giovanni_giannoni_photo)