 The company also stated that as a result of the purchase, Canadian consumers would see Saks stores arriving in their country soon.After the purchase was finalized, HBC had a net loss of $124.2 million in the 2013 3Q due to the cost of the purchase and promotions.In late February 2019, HBC announced that it would close 20 of the 133 Saks stores and that all of the remaining locations would be "subject to review".