L&B's Litt Says Hudson's Bay Should Redevelop Assets

The video discusses Hudson Bay's unique position as a real estate-rich company rather than a traditional department store. It highlights the company's joint ventures, the undervaluation of its real estate assets, and potential strategies for redevelopment. The focus is on maximizing the value of prime locations like Saks Fifth Avenue by considering alternative uses. The video also touches on the rapid changes in the department store industry and Hudson Bay's operational adjustments.

What distinguishes Hudson Bay from other department store companies in terms of real estate ownership?

What are the potential benefits of listing the Saks Fifth Ave location instead of taking it private?

Why might Hudson Bay consider redeveloping its assets instead of maintaining them as traditional department stores?

How does the location of the Saks store across from Rockefeller Center impact its value?

What strategies could Hudson Bay employ to maximize the value of its real estate holdings?