March 14 (Reuters) - Canada's Hudson's Bay Co HBC.TO is in talks to buy U.S. luxury fashion retailer Neiman Marcus Group LLC NMRCUS.UL , turning its focus away from Macy's Inc (NYSE:M) M.N , the Wall Street Journal reported on Tuesday.
Neiman Marcus said on Tuesday it was exploring strategic alternatives, including a sale. Bay is seeking a deal that would not include Neiman's $5 billion debt, the Journal reported, citing people familiar with the matter. (http://on.wsj.com/2mnSePK)
Reuters reported this month that Hudson's Bay had yet to line up equity financing for a bid for Macy's, over a month after approaching it for a merger.