Hudson's Bay Company

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Richard Woodard | 26 Mar 2014

Western brands and retailers are “deeply implicated” in the current unrest gripping the Cambodian apparel sector – but they can also be part of the solution, says a new report.


Katie Smith | 30 Jul 2013

Canadian department store retailer Hudson's Bay yesterday (29 July) submitted a bid for luxury US based retailer Saks after months of speculation. But analysts are taking a mixed view of the US$2.9bn deal, with one saying it "undervalues" the shares while another describing it as a "compelling" offer.


Leonie Barrie | 14 Jan 2011

Having been criticised for being slow to cash in on the potential of international expansion, US discount retailer Target Corp is now making up for lost time with a CAD1.825bn (US$1.83bn) swoop on Canadian discount chain Zellers.

Latest News

Michelle Russell | 29 Apr 2016

Canadian department store retailer Hudson's Bay Company (HBC) is to open a state-of-the-art, all-channel fulfilment distribution centre in Pottsville, Pennsylvania as part of its digital growth strategy.


Katie Smith | 5 Apr 2016

Canadian department store retailer Hudson's Bay Company (HBC) saw its fourth-quarter profit increase more than threefold, boosted by its acquisition of Galeria Holding late last year. 


Katie Smith | 8 Jan 2016

Hudson's Bay Company (HBC), owner of US-based luxury retailer Saks, is to acquire online shopping website Gilt Groupe Holdings in a deal worth US$250m. 


Michelle Russell | 11 Dec 2015

Hudson's Bay Company has moved to a profit in its third-quarter but cut its sales outlook for 2015 and 2016 due to the impact of terrorism incidents on its Belgian and German businesses.


Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. 


Katie Smith | 2 Sep 2015

Brand development company Xcel Brands has agreed a strategic partnership with Hudson's Bay and Lord & Taylor, which will allow the retailers to manage dynamic assortments of inventory in response to customer demands.


Michelle Russell | 15 Jun 2015

Canadian retail group Hudson's Bay (HBC) has acquired the Galeria Kaufhof department store chain from German retail conglomerate Metro Group in a move that will allow it to expand its presence in Europe.


Katie Smith | 7 Apr 2015

Canadian department store operator Hudson's Bay more than tripled its fourth-quarter net profit, driven by a surge in digital sales and further progress with the integration of luxury retailer Saks.


Michelle Russell | 18 Dec 2014

Canadian department store operator Hudson's Bay Company has appointed retail veteran Gerald Storch as chief executive.


Michelle Russell | 9 Dec 2014

Canadian department store operator Hudson's Bay Company has narrowed its net loss in the third quarter and reaffirmed its guidance for the full year.


Michelle Russell | 25 Nov 2014

Canadian department store operator Hudson's Bay Company has outlined a US$1.25bn refinancing plan that will allow it to improve and renovate its Saks flagship store.


Katie Smith | 12 Sep 2014

Canadian department store operator Hudson's Bay Company has more than halved its losses during the second quarter, thanks to a near-doubling of sales.


Michelle Russell | 3 Jun 2014

Canadian department store operator Hudson's Bay Company swung to a profit in its first-quarter after its acquisition of Saks last year more than doubled retail sales.


Katie Smith | 7 May 2014

Canadian department store retailer Hudson's Bay Company has appointed Paul Beesley as its new chief financial officer.


Katie Smith | 4 Apr 2014

Higher costs related to its CAD2.9bn (US$2.63bn) acquisition of luxury retailer Saks resulted in a 67% decline in fourth-quarter profit for Canadian department store operator Hudson's Bay Company.


Katie Smith | 30 Jan 2014

Canadian department store retailer Hudson's Bay Company has created a new digital division, which will be led by Michael Burgess.


Katie Smith | 28 Jan 2014

Department store retailer Hudson's Bay Company is to open its first two Saks stores in Canada, as part of a sale and leaseback deal with Cadillac Fairview.


Katie Smith | 24 Jan 2014

Hudson's Bay Company CFO Michael Culhane has taken a leave of absence, with COO Donald Watros assuming the additional role of acting CFO with immediate effect.


Michelle Russell | 20 Jan 2014

US-based luxury retailer Saks Fifth Avenue has confirmed its general merchandise manager, Joseph Boitano, is to step down.


Michelle Russell | 9 Jan 2014

Canadian department store operator Hudson's Bay Company has appointed Jonathan Greller to head up its outlet stores.


Michelle Russell | 18 Dec 2013

Twenty-five Canadian organisations have called on the country's retailers and brands to sign the Bangladesh Accord on Fire and Building Safety.


Michelle Russell | 17 Dec 2013

Canadian department store operator Hudson's Bay Company has promoted its COO, Donald Watros, to the newly-expanded role of president.


Michelle Russell | 11 Dec 2013

Canadian department store operator Hudson's Bay Company saw its net losses widen in the third quarter, hurt by costs related to its purchase of Saks.


Michelle Russell | 18 Nov 2013

Canadian department store retailer Hudson's Bay has promoted a number of people to senior positions within the company as it shores up its new executive team.


Katie Smith | 5 Nov 2013

Canadian department store operator Hudson's Bay Company has completed its US$2.9bn acquisition of US-based luxury retailer Saks.

Latest blogs

Leonie Barrie | 14 Oct 2013

The safety of Bangladesh's textile and garment industry has been called into question again after at least seven people were killed last week in a fire at a fabric mill. More than 50 people were also injured in the blaze at Aswad Composite Mills Limited, part of the Palmal Group.


Leonie Barrie | 5 Aug 2013

A $2.9bn deal that brings together the Hudson's Bay, Lord & Taylor and Saks Fifth Avenue brands into a combined company with 320 stores in the US and Canada was finally confirmed last week after months of speculation.

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