Women’s Wear Daily
10 August 2015
“This is a global expansion using real estate as a major lever to quickly advance the strategy,” explains Arnold Aronson, retail expert at Kurt Salmon, when reflecting with Women’s Wear Daily on Hudson’s Bay Co.’s first potential European acquisition of Galeria Kaufhof in Germany. “Expanding to other countries is a first in terms of department stores. It’s not the same as Saks doing a [one-off] in the Middle East,” Aronson concludes.