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November.We will not publish comments that are profane, libelous, racist, or engage in personal attacks.We screen for comments that seek to spread information that is false or misleading.We will not publish: Comments written that are poorly spelled; or are written in caps; or which use strange formatting to get noticed.Hudson's Bay buys SaksSaks Inc. agreed to sell itself to Hudson's Bay Co., the Canadian parent of upscale retailer Lord Taylor, for about $2.4 billion in a deal that will bring luxury to more North American locales. and Canada.Lord Taylor and Hudson's Bay, Canadian's biggest department store chain, both cater to well heeled shoppers who can afford $98 Free People blouses and $250 Coach handbags. Saks customers, on the other hand, are more affluent and can shell out $800 for Christian Louboutin heels or a couple of thousand dollars for Gucci handbags.During a conference call with investors on Monday, Hudson's Bay Co. Chairman and CEO Richard Baker said the goal is to bring Saks luxury brand into Canada. The company plans to open up seven Saks Fifth Avenue stores and 25 Off Fifth outlet stores to Canada, while creating a Saks website targeted to Canadians. The parent company also plans to renovate Saks stores and to make the brand more "luxurious.""With the addition of Saks, Hudson's Bay will offer consumers an unprecedented range of retailing categories and shopping experiences," Baker said.Hudson's Bay is making a play for luxury at a time when shoppers still appear to be willing to shell out money for posh handbags and clothing despite global economic challenges. Global luxury sales, including higher end jewelry and clothes, rose an estimated 10 percent to $281.96 billion last year, according to the latest study from Bain Co. In North America, luxury sales were up an estimated 12 percent to $81.33 billion.Still, Saks has lagged behind its peers in the luxury sector. It's been trying to keep up with its rivals Neiman Marcus and Nordstrom, which have performed well post recession.After getting battered by the Great Recession, Saks discounted heavily to bring shoppers back. That move hurt the chain's image, which is higher brow.Saks since has returned to selling