, Columnist
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.
Photographer: Diane Bondareff/Bloomberg
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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.