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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.Hudson's Bay buying Saks for6 m ago In Islip Terrace stop and go traffic on The Southern St Pkwy WB between Sunrise HwyNY Rt 27X44 and Park AveX38 in Suffolk due to snow on roadwayIn Islip Terrace stop and go traffic on The Southern St Pkwy WB between Sunrise HwyNY Rt 27X44 and Park AveX38 in Suffolk due to snow on roadway6 m ago In Amityville stop and go traffic on The Southern St Pkwy EB between Wellwood AveX35 and Montauk HwyNY Rt 27aX45 in Suffolk due to snow on roadwayIn Amityville stop and go traffic on The Southern St Pkwy EB between Wellwood AveX35 and Montauk HwyNY Rt 27aX45 in Suffolk due to snow on roadwayview traffic Islip, NY 17Saks Inc. has agreed to sell itself to Hudson's Bay Co., the Canadian parent of upscale retailer Lord Taylor, for about $2.4 billion.The acquisition combines three department store brands Hudson's Bay, Lord Taylor and Saks Fifth Avenue and creates a North American upscale retailing behemoth with 320 stores in some of the biggest cities in the United States and Canada.Hudson's Bay will keep the four Saks stores and five Lord Taylor stores on Long Island open, a Hudson's Bay representative said.Hudson's Bay will pay $16 per share for Saks, whose shares closed Monday at $15.95, up 64 cents. Shares of Hudson's Bay rose 96 cents to $17.45 on the Toronto Stock Exchange.Lord Taylor and Hudson's Bay, Canada's biggest department store chain, both cater to well heeled shoppers who can afford $98 Free People blouses and $250 Coach handbags but aspire to buy more luxury brands that they can't necessarily afford yet. Saks customers, on the other hand, are more affluent and can shell out $800 for