Hudson's Bay Company

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Hudson's Bay widens Q2 net loss amid sales slump Beth Wright | 13 Sep 19

Hudson's Bay Company CEO Helena Foulkes says the Canadian retail group is "still in the early stages of what HBC can become" after reporting weak sales and a drop in gross margins during the second quarter.


Lord & Taylor to be sold to fashion rental firm Le Tote for $100m Beth Wright | 29 Aug 19

Canadian retailer Hudson's Bay Company (HBC) has inked a deal to sell its Lord & Taylor banner for US$100m to clothing rental startup Le Tote.


Catalyst adds extra 10% stake in Hudson's Bay Company Beth Wright | 21 Aug 19

Private equity firm Catalyst Capital is to acquire 10.05% of the outstanding stock in Hudson's Bay Company (HBC) for CAD187m in a move that could block a deal to take the Canadian retailer private by its executive chairman.


Catalyst Capital Group ups HBC share offer Beth Wright | 7 Aug 19

Stakeholders in Hudson's Bay Company (HBC) have received an improved offer from Catalyst Capital Group – with the private equity firm now seeking to purchase up to CAD200m worth of shares in the Canadian retailer.


Catalyst Capital Group in HBC share offer Beth Wright | 26 Jul 19

Canadian retailer Hudson's Bay Company (HBC) shareholders have received an offer from private equity firm Catalyst Capital Group to purchase up to CAD150m worth of shares in the firm.


Hudson's Bay optimistic despite Q1 sales slip Beth Wright | 17 Jun 19

Hudson's Bay Company (HBC) CEO Helena Foulkes has hailed progress on a "number of crucial fronts" despite a drop in first-quarter sales. 


HBC sells European joint venture and mulls take-private bid Beth Wright | 12 Jun 19

Canadian retailer Hudson's Bay Company (HBC) has inked a deal to sell its remaining European real estate and divest the related retail joint (JV) for CAD1.5bn (US$1.13bn) amid the news a group of its shareholders wants to take the company private.


Hudson's Bay optimistic despite fourth-quarter sales slip Beth Wright | 4 Apr 19

Shares in Hudson's Bay Company (HBC) remained up by almost 6% this afternoon (4 April) as CEO Helena Foulkes hailed the Canadian retailer as "far stronger" than it was a year ago despite a drop in fourth-quarter sales.


Hudson's Bay optimistic despite widening Q3 loss Beth Wright | 6 Dec 18

Hudson's Bay Company (HBC) has widened its loss in the third quarter but the Canadian retailer remains optimistic as the recent closing of its European transaction lding will now allow it to concentrate on the North American business.


HBC completes Galeria Kaufhof and Karstadt merger Beth Wright | 3 Dec 18

Canadian retailer Hudson's Bay Company (HBC) and retail estate business Signa Holding have announced the successful completion of a deal to merge their respective retail operations and the formation of the companies’ real estate joint venture.


Galeria Kaufhof and Karstadt merger approved Beth Wright | 13 Nov 18

Canadian retailer Hudson's Bay Company (HBC) and retail estate business Signa Holding have received the go-ahead to merge their respective HBC Europe and Karstadt Warenhaus GmbH’s retail operations.


US Q2 in brief – Boot Barn Holdings, VF Corp, Sears just-style | 26 Oct 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, 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 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. 

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