• German department stores to merge after disastrous HBC European expansionSeptember 11, 2018
Hudson’s Bay Company and Signa Holding have agreed to merge Germany’s two major department store chains, Galeria Kaufhof and Karstadt, as they seek to respond to fierce competition from e-commerce players. Germany’s department store sector has been suffering from store and online competition for years and the fate of both operators has been questioned repeatedly.
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