(Bloomberg) -- Hudson’s Bay Co., the owner of Saks Fifth Avenue, said it will close as many as 10 Lord & Taylor stores -- including the flagship Manhattan location -- in an attempt to revive its struggling units.

The closures will occur through 2019, the company said Tuesday. Hudson’s Bay had originally planned to keep a Lord & Taylor presence in the Italian Renaissance building on Fifth Avenue, which it agreed to sell for $850 million in October. The store opened there in 1914.

“An increased focus on driving Lord & Taylor’s digital business, combined with new leadership and an optimized store footprint, is expected to reduce costs and improve the overall performance of this business,” the company said in a statement.

The Canadian department-store company, which agreed to sell flash-sale website Gilt on Monday, also reported a normalized loss that was wider than analysts estimated and a 0.7 percent drop in comparable sales in the quarter ended May 5.

New Chief Executive Officer Helena Foulkes is adding to measures to turn around the company that have included job cuts, unloading a minority stake to a private equity firm to reduce debt, and striking partnerships with Walmart Inc. and WeWork Cos.

Saks Fifth Avenue was a bright spot, with same-store sales increasing 6 percent last quarter.

Recent reports paint an uneven picture of retailers’ health. While Macy’s Inc. posted a second straight quarter of sales gains and raised its full-year earnings outlook, J.C. Penney Co. cut its profit forecast after sales trailed estimates during an unseasonable cold spell. Among mall-based stores, Lululemon Athletica Inc.’s comparable sales growth accelerated, in contrast with a drop at Gap Inc.’s namesake stores.

To contact the reporter on this story: Sandrine Rastello in Montreal at srastello@bloomberg.net

To contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Lisa Wolfson, Jonathan Roeder

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