Hudson’s Bay Company has entered into a deal that will result in the merger of Germany’s two biggest department store chains — Galerie Kaufhof and Karstadt — and help the Canadian retail giant pay down its debt.
Walgreens will be purchasing the pharmacy patient files and related pharmacy inventory from 185 Fred’s stores in the southeastern United States, the two companies announced Monday.
The nation’s largest bookseller started its fiscal year with a loss in its first quarter due to disappointing sales and turnaround initiatives that are struggling to take hold.
