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Saks to invest $1.25B on 2-year revamp

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Saks to invest $1.25B on 2-year revamp

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Saks Fifth Avenue outlined plans for a $1.25 billion refurbishment of its stores, starting with the New York City flagship. The luxury department store chain, which was acquired by Hudson’s Bay Co. in November, will work to woo younger shoppers in some cities with expanded contemporary fashion collections, and it will boost its inventory of exclusive merchandise that shoppers won’t find anywhere but Saks. Read the Bloomberg story here.

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