Macy’s could possibly become a Canadian company. It’s a small possibility, but still possible nonetheless.
Macy’s has over 700 locations in the US, news of the possible sale comes along with the company’s weak financial performance recently, a problem that has been hitting many big department stores across North America who are competing with popular online retailers like Amazon.
While the sale is unlikely according to the Wall Street Journal, the two companies are also exploring other ways to work with each other.
This would not the the first time Hudson’s Bay Co. worked to scoop up real estate, after acquiring Saks Fifth Avenue for over 2 Billion in 2013.