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company posted fourth quarter and annual results. "We have been all around the world talking to people. There are discussions going on and we'll announce them as we make the deals ."Mr. Baker, a veteran real estate investor, has not been afraid to scrap underperforming areas of his cavernous department stores to make way for more robust categories and even other hot retail chains. chain Topshop in Canada with five new stores to open this year, and will launch the country's first Kleinfeld Bridal boutique at its flagship Toronto store in 2014."We think of each one of our stores, in many ways, like a mall," said Mr. Baker. "Our job is to go into each community and based on the socioeconomic demographics of that area, to provide a mix of brands that will be the most successful and more desired by our customers. Our advantage is, we can keep changing that as the world changes."Industry experts have said Uniqlo, a Japanese "fast fashion" giant that competes with global brands such as Gap Inc., Zara and H is high on Mr. Baker's wish list of partnerships. and wants to have 200 stores in that market by 2020."We think Uniqlo is a dynamite company and it is very logical that they should be able to come and grow with us like Topshop," Mr. Baker said. "But I have no comment on them specifically at this time."The brand strategy appears to be paying off, albeit incrementally. Exiting electronics and shrinking the furniture department at a north Toronto store in favour of opening a two level Topshop boutique and expanding womens' shoes, cosmetics and handbags "took an area that was maybe $200 a square foot and it is now $700 a square foot at Topshop," Mr. Baker said, and sales are now $500 to $600 per square foot in the expanded women's categories. "We are looking for retailers who complement our existing brands and our existing businesses."How quickly he can hit the sales per square foot goal is a matter of industry debate; even after significant upgrades the retail model "has a high fixed cost base and low productivity of assets," RBC Capital Markets analysts Tal Woolley and Irene Nattel said in a January research report.HBC executives want to boost average sales per square