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Sarah Halzack

Hudson’s Bay Sheds the Gilt to Get Back to Basics

The new CEO is taking the right steps, but there’s much work to do.

Dropped from the shop.

Dropped from the shop.

Photographer: Diane Bondareff/Bloomberg

Good riddance, Gilt.

I suspect that was the sentiment on Tuesday morning at department-store giant Hudson's Bay Co. after it announced that Gilt, the flash-sale site the company acquired in 2016, would be sold to Rue La La. Terms of the deal were not disclosed.