We were shocked to hear that Hudson's Bay Company had purchased Saks. Or, as framed in media reports, Lord&Taylor’s parent company purchased Saks. Regionally, for those in the CC who love fashion, we have been watching Lord&Taylor’s transformation (Actually a renovation, we do hope they do the lower floor!) and wondered if it would draw customers from a Saks store 2 blocks away. While we did notice a few former Saks employees working at L&T, (For the record a former Saks employee is a member of the CC.) for the most part, the stores do not appeal to the same customer base. However, what impressed us was Lord&Taylor’s ability reinvigorate itself without losing its original identity. It’s a specialty store with broad rather than mass appeal. Some in the media have noted the purchase would allow Saks to reinvent itself, however we think Saks has a deeper issue and would do better returning to its roots. We have heard women refer to Saks’ clothing lines as trendy...