What if HBC buys Neiman Marcus?

Hudson's Bay Co., the parent company of Lord & Taylor and Saks Fifth Avenue, is currently in talks to buy Neiman Marcus from its private equity owners. This would put two long-time direct competitors (Saks and Neiman's) in their portfolio, in addition to luxury department store Bergdorf Goodman and e-commerce site Mytheresa.com. HBC also has Gilt Groupe, the flash sales site for designer merchandise, in their portfolio.