CANADA: Hudson's Bay CFO takes leave of absence
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.
Hudson's Bay has made a raft of executive appointments in recent months, including the promotion of executive vice president of speciality, Mary Turner, to executive vice president of merchandising.
Hudson's Bay Company Names Acting Chief Financial Officer
TORONTO & NEW YORK--(BUSINESS WIRE)-- Hudson's Bay Company (TSX: HBC) announced that effective todayMichael Culhane, HBC's Chief Financial Officer, is on a personal leave of absence from the Company. Also effective today, Donald Watros, Chief Operating Officer of HBC, has assumed the additional responsibilities of acting Chief Financial Officer.
About Hudson's Bay Company
Hudson's Bay Company (HBC), founded in 1670, is North America's longest continually operated company. Today, HBC offers customers an unparalleled range of retailing categories and shopping experiences internationally. InCanada, HBC operates Hudson's Bay, Canada's largest department store with 90 full-line locations and one outlet store as well as thebay.com, unsurpassed in its fashion, beauty, home and accessory designers and brands. HBC also operates Home Outfitters, Canada's largest home specialty superstore with 69 locations across the country.
In the United States, HBC operates Saks Fifth Avenue, one of the world's pre-eminent specialty retailers, renowned for its superlative designer collections and first-rate fashion expertise. Saks Fifth Avenue comprises 41 full-line stores in 22 states, five international licensed stores, saks.com, 72 Saks Fifth Avenue OFF 5TH stores and saksoff5th.com. HBC also operates Lord & Taylor, a leading department store chain with 49 full-line store locations throughout the northeastern United States, in two major cities in the Midwest and in Boca Raton, Florida, four Lord & Taylor outlet locations and lordandtaylor.com. Hudson's Bay Company banners provide stylish, quality merchandise with a dedicated focus on service excellence. Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".
Hudson's Bay Company
Lucas Evans, 416-861-4444
Senior Vice President, Treasury & Investor Relations
Stephanie Thornbury, 416-436-8086
Source: Hudson's Bay Company
News Provided by Acquire Media
Original source: http://investor.hbc.com/releasedetail.cfm?ReleaseID=820533
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....
Hudson's Bay Company - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service off...
Canadian department store retailer Hudson's Bay Company has appointed Paul Beesley as its new chief financial officer....
The company’s strategic aim is to continue focusing on department stores and its flagship Hudson’s Bay brand across Canada, with particularly strong support for the top 10 outlets with highest volume ...
The Hudson’s Bay Co is directing its focus on the company’s department store retail segment and its flagship, The Bay, stores across Canada. These have been undergoing changes to attract more affluent...
In Canada, the apparel and footwear market saw modest growth overall, with dollar value unfavourably affected by retail competition and expanding online options that frequently feature price promotion...
Over the review period, apparel specialist retailers became increasingly polarised as competition intensified with low-end retailers now able to compete on quality and style as well as price. At the s...
The most notable trend in the market is the growing competition in the childrenswear segment. With more retailers and brands focusing on this area of the industry, companies have to develop clearly de...
- New wage ladder lifts workers towards living wages
- US retailers to face logistics issues into 2015
- African apparel sector needs cooperation to thrive
- UK fashion sector prospects depend on partnerships
- New scenarios driving sustainability in textiles
- Bangladesh worker dies as factory boiler ruptures
- Eight footwear factories lead on social compliance
- Global unions join forces on apparel wage poverty
- Low cotton prices lead to government intervention
- Made in USA certification ordered to verify claims