Hudson's Bay Company

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US Q2 in brief – Sears, Cherokee Global Brands, Oxford Industries just-style | 14 Sep 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, both PVH and Guess Inc booked a rise in both earnings and revenue, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.


German giants Galeria Kaufhof and Karstadt to merge Michelle Russell | 11 Sep 18

The owners of two of Europe's leading department store retailers, Galeria Kaufhof and Karstadt, have agreed to merge the two chains in a bid to compete more effectively against e-commerce players.


HBC to add tier-2 suppliers to social compliance code Michelle Russell | 31 Aug 18

Canadian retailer Hudson's Bay Company (HBC) says it is actively exploring ways to include second-tier suppliers in its social compliance programme by assessing its existing supply chain.


Hudson's Bay in JV talks with Signa Holding Beth Wright | 9 Jul 18

Canadian retailer Hudson's Bay Company (HBC) has confirmed it is in talks with retail estate business Signa Holding regarding a potential joint venture (JV) but denied it has signed an agreement to offload half of its European business or properties.


HBC to sell Gilt and shutter stores as Q1 loss widens Beth Wright | 6 Jun 18

Hudson's Bay Company (HBC) has widened its loss in the first quarter amid an announcement by the Canadian retailer that it is to offload its online shopping and lifestyle website Gilt and shutter up to ten of its Lord & Taylor stores – including its flagship on New York's Fifth Avenue.


Hudson's Bay "not pleased" with performance Beth Wright | 29 Mar 18

Canadian retailer Hudson's Bay Company (HBC) moved to a profit in the fourth quarter, thanks to a tax gain boost to the tune of CAD181m (US$140.1m), but said it is "not pleased" with its recent performance and is determined to grow sales and increase margins in the year ahead.


US holiday sales in brief – The Children's Place, Nordstrom, Target Corp Beth Wright | 10 Jan 18

Holiday sales have seen a solid performance at many leading US apparel and footwear retailers, with Target, American Eagle Outfitters, JC Penney, Urban Outfitters and Kohl's among those who have benefited from increased consumer spending on the back of strong economic growth, low unemployment and rising home and equity prices.


Hudson's Bay Co net losses almost double in Q3 Beth Wright | 6 Dec 17

Canadian retailer Hudson's Bay Company (HBC) says it knows it can do better after posting results that failed to meet expectations in the third quarter.


Walmart to launch Lord & Taylor flagship online store Beth Wright | 14 Nov 17

As part of its plans to deliver luxury fashion, US retail giant Walmart is to launch a dedicated online Lord & Taylor flagship store next year, offering premium fashion brands to its customers.


HBC shares surge on Galeria Kaufhof bid confirmation Beth Wright | 2 Nov 17

Shares in Hudson's Bay Company (HBC) surged by more than 9% this morning after the Canadian retailer confirmed it has received a bid for its Galeria Kaufhof business from the owner of its principal German competitor - retail estate business Signa Holding.


HBC to sell Lord & Taylor flagship for US$850m Beth Wright | 25 Oct 17

Canadian retailer Hudson's Bay Company (HBC) has announced a series of strategic transactions with WeWork Companies and private equity firm Rhône Capital – including the sale of its Lord & Taylor Fifth Avenue flagship – as part of a strategic relationship designed to maximise the productivity and value of HBC's global real estate assets.


Storch to step down as Hudson's Bay CEO Beth Wright | 23 Oct 17

Jerry Storch, CEO of Canadian retailer Hudson's Bay Company (HBC), is to step down from the company in order to return to his advisory firm, Storch Advisors


Hudson's Bay restructuring effort "proceeding as expected" Beth Wright | 6 Sep 17

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".


Hudson's Bay restructuring effort "proceeding as expected" Beth Wright | 6 Sep 17

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".


Hudson's Bay to mull options, including privatisation? Beth Wright | 29 Aug 17

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.


Hudson's Bay ends CFO search, taps JC Penney's Record Beth Wright | 18 Aug 17

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


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

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. 


Beesley to remain at Hudson's Bay as CFO search continues Beth Wright | 10 Jul 17

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. 


Hudson's Bay shares climb as investors urge real estate sales Michelle Russell | 20 Jun 17

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.


Hudson's Bay Company to cut 2,000 jobs as Q1 loss widens Beth Wright | 9 Jun 17

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. 


Hudson's Bay Company CFO to step down Beth Wright | 3 May 17

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


Hudson's Bay Company taps Dr Link as Europe chief Beth Wright | 7 Apr 17

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.


Hudson's Bay moves to Q4 loss on weak sales Michelle Russell | 5 Apr 17

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.


Hudson's Bay reveals Q4 sales slip amid new efficiency initiative Beth Wright | 24 Feb 17

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.


Aditya Birla to launch Saks Fifth Avenue in India? Beth Wright | 21 Feb 17

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.


Hudson's Bay in Macy's takeover bid? Beth Wright | 3 Feb 17

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.


Hudson's Bay lowers outlook on weak holiday sales Michelle Russell | 10 Jan 17

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.


Hudson's Bay optimistic despite Q3 loss Michelle Russell | 6 Dec 16

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. 


Xcel Brands adds licenses to fast-fashion model Michelle Russell | 10 Nov 16

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. 


Hudson's Bay opens $60m robotic distribution centre Beth Wright | 7 Nov 16

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.

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