Hudson’s Bay Co. will open two Saks Fifth Avenue stores in Toronto, including a 150,000-square-foot, full-line store inside the Hudson’s Bay downtown flagship that will likely open in fall 2015. Hudson’s Bay, which acquired Saks for $2.4 billion last year, also said it would sell its Toronto flagship retail complex and the Simpson’s Tower for $650 million and lease back the space. Read the Reuters story here