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Canada's Hudson's Bay makes takeover approach for Macy's: sources Feb 3, 2017
 

File photo of people lining up at the entrance of Macy's Herald Square ahead of early opening for Black Friday sales in ManhattanWhile the Toronto-based company faces major financing and operating challenges in completing a deal to buy Macy's, which is trying to overhaul its operations, it could use its existing foothold in the U.S. to save on administrative costs and have more negotiating power with its vendors. Shares of Macy's closed up 6.4 percent at $32.69 on Friday. Hudson's Bay rose to C$10.39.
 
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