via The Financial Post

Jennifer Marley, partner at retail market research firm Sklar Wilton and Associates, noted the failure of Holt Renfrew’s off-price HR2 division and HBC’s Designer Depot venture a decade ago.

HBC is hoping that Saks Off Fifth, which has 17 stores across Canada currently and should have 25 open by the end of this year, will fare better as it goes head-to-head with Nordstrom Rack.

Click HERE to read the full article.