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.


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.


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.

Latest News

Beth Wright | 6 Sep 2017

Canadian retailer Hudson's Bay Company (HBC) says it is optimistic about the remainder of the year, despite widening its net losses in the second quarter, as its restructuring efforts, designed to generate more than CAD350m (US$282.6m) in savings, is "proceeding as expected".


Beth Wright | 6 Sep 2017

Canadian retailer Hudson's Bay Company (HBC) says it is optimistic about the remainder of the year, despite widening its net losses in the second quarter, as its restructuring efforts, designed to generate more than CAD350m (US$282.6m) in savings, is "proceeding as expected".


Beth Wright | 29 Aug 2017

Canadian retailer Hudson's Bay Company (HBC) is keeping tight-lipped regarding reports it plans to review its options, including going private, following pressure from an activist shareholder.


Beth Wright | 18 Aug 2017

Canadian retailer Hudson's Bay Company (HBC) has named former JC Penney and Stage Stores executive, Edward Record, as its new chief financial officer.


In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


Beth Wright | 10 Jul 2017

The search for a new chief financial officer continues for Canadian retailer Hudson's Bay Company (HBC) as the company reveals its outgoing CFO, Paul Beesley, will remain in his current role until a successor is found. 


Michelle Russell | 20 Jun 2017

Hudson's Bay Company (HBC) has seen its share price jump nearly 16% after a US activist shareholder upped the pressure on the Canadian retailer to sell, spin-off or redevelop parts of its real estate portfolio in a bid to stem deepening losses.


Beth Wright | 9 Jun 2017

In the wake of a first-quarter that saw sales fall and net losses more than double, Canadian retailer Hudson's Bay Company (HBC) has revealed plans to slash around 2,000 jobs as part of a restructuring effort designed to generate more than CAD350m (US$391.1m) in savings. 


Beth Wright | 3 May 2017

Paul Beesley, chief financial officer of Canadian retailer Hudson's Bay Company (HBC), is to step down after three years in the role.


Beth Wright | 7 Apr 2017

Canadian retailer Hudson's Bay Company has named Dr Wolfgang Link as CEO of HBC Europe, tasked with establishing and driving the firm's European strategy including direction of its EUR1bn (US$1.06bn) capital commitment in Germany.


Michelle Russell | 5 Apr 2017

Canadian retailer Hudson's Bay Company has moved to a loss in its fourth-quarter amid weak holiday sales and charges related to its ailing off-price business.


Beth Wright | 24 Feb 2017

Canadian retailer Hudson's Bay Company (HBC) booked lower sales in its fourth-quarter and revealed further details on its operational review, designed to streamline its business.


Beth Wright | 21 Feb 2017

Indian conglomerate Aditya Birla is keeping tight lipped on reports it has partnered with Canadian retailer Hudson's Bay Company (HBC) to launch the Saks Fifth Avenue banner in India.


Beth Wright | 3 Feb 2017

Canadian retailer Hudson's Bay Company (HBC) is understood to have made a takeover bid to US retail giant Macy's, according to a flurry of media reports this-afternoon.


Michelle Russell | 10 Jan 2017

Canadian retailer Hudson's Bay Company (HBC) has lowered its full-year revenue outlook on the back of a weaker than expected improvement in sales over the holiday season.


Michelle Russell | 6 Dec 2016

Canadian retailer Hudson's Bay Company (HBC) has offered an optimistic outlook for the long term, despite moving to a loss in its third-quarter and booking a decline in comparable sales. 


Michelle Russell | 10 Nov 2016

Xcel Brands, which owns and manages fashion brands such as Isaac Mizrahi and C Wonder, has signed multiple new license deals across its owned brands that supplement its Quick Time Response apparel programme at Lord & Taylor and Hudson’s Bay stores. 


Beth Wright | 7 Nov 2016

Canadian retailer Hudson's Bay (HBC) has opened new US$60m state-of-the-art robotic fulfilment system at its Scarborough Distribution Centre, which it says will enable the company to deliver orders three times faster than distribution centres using the next-best robotic technology.


Michelle Russell | 7 Sep 2016

Canadian retailer Hudson's Bay (HBC) has swung to a second-quarter loss but saw sales soar nearly 60% thanks to European expansion and its acquisition of online retailer Gilt Groupe.


Michelle Russell | 10 Jun 2016

Canadian department store retailer Hudson's Bay Company (HBC) booked a mixed first-quarter as sales and margins grew, but its net loss widened due to ongoing pressures in luxury retail.


Beth Wright | 18 May 2016

Canadian department store retailer Hudson's Bay Company (HBC) is set to expand its European presence with plans for up to 20 new stores in the Netherlands over the next two years.


Michelle Russell | 16 May 2016

Canadian department store retailer Hudson's Bay Company (HBC) has delivered what it says are solid first-quarter sales thanks to the ongoing strength of its namesake brand in Canada, and positive revenue growth in Europe.


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. 

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 | 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.

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