Hudson Bay Co. has decided to invest about one billion euros in the next five to seven years to renovate the German chain of Galeria Kaufhof department stores that it acquired in 2015, building it up as a premium destination for accessible luxury. One of the focuses of the investment will be the expansion and modernization of the shoe and accessories sections. The uplifting program will begin with the flagship store on Düsseldorf's Königsallee, which will get an investment of €32 million. Its shoe department will be enlarged to occupy more than 1,100 square meters, almost double the present surface. HBC wants also to simplify procedures and eliminate duplications in the purchasing department, where up to one-third of the current 450 positions should be eliminated by June.

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