Hudson's Bay CEO: Gilt to Help Grow Our Store Experiences

Jerry Sortis, CEO of HPC, discusses a billion-dollar deal involving Gilt and Hudson Bay. The strategy focuses on combining online and retail experiences to enhance growth. The integration allows customers to return online purchases in-store, improving convenience. The company plans to expand into new areas like travel and food, appealing to millennials who value experiences. The approach aims to grow both online and retail sales, taking market share from competitors.

What are the potential benefits of combining the Gilt online business with Saks Off 5th?

How does Jerry Sortis believe they can grow both Gilt and Saks Off 5th?

What challenges do online shoppers at Gilt face according to the discussion?

What does Jerry Sortis mean by saying '1 + 1 actually equals three' in the context of their business?

What is the significance of millennials in Gilt's business strategy?