 By early September 2019, it was clear that HBC was downsizing its operations, with the planned sale of Lord & Taylor the most recent step.A feature article by Bloomberg News mentioned that CEO Helena Foulkes, recruited in 2018, "had helped to turn around Hudson’s Bay".She was closing stores and selling assets "to put the company on more solid financial footing" and could then "focus on the two remaining 'crown jewels' in her portfolio