Hudson's Bay Company

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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.

Hudson's Bay swings to Q2 loss but sales soar Michelle Russell | 7 Sep 16

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.

Hudson's Bay cites luxury pressures as Q1 loss widens Michelle Russell | 10 Jun 16

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.

Hudson's Bay set to increase European presence Beth Wright | 18 May 16

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.

Hudson's Bay delivers "solid" Q1 Michelle Russell | 16 May 16

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.

Hudson's Bay boosting digital growth with new DC Michelle Russell | 29 Apr 16

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.

Hudson's Bay Q4 profit surges on Galeria buy  Katie Smith | 5 Apr 16

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. 

Hudson's Bay to acquire Gilt in $250m deal Katie Smith | 8 Jan 16

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. 

Hudson's Bay moves to Q3 profit but lowers sales guidance Michelle Russell | 11 Dec 15

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.

US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree Michelle Russell and Beth Wright | 25 Sep 15

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. 

Xcel Brands debuts new inventory management model Katie Smith | 2 Sep 15

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.

China's yuan devaluation to impact textile and clothing sector Michelle Russell | 13 Aug 15

Exchange rate variations could “significantly” influence China's textile and apparel exports, a consultancy has suggested, after the government cut the guiding rate for the yuan for a third consecutive day.

Hudson's Bay eyes Europe growth with Kaufhof deal Michelle Russell | 15 Jun 15

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.

Hudson's Bay triples Q4 profit Katie Smith | 7 Apr 15

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.

Hudson's Bay appoints Storch to CEO role Michelle Russell | 18 Dec 14

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

Hudson's Bay narrows Q3 losses Michelle Russell | 9 Dec 14

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.

Hudson's Bay outlines refinancing for Saks store Michelle Russell | 25 Nov 14

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.

CANADA: Hudson's Bay narrows Q2 loss on sales surge Katie Smith | 12 Sep 14

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.

ANALYSIS: Target Canada fixes include re-setting its supply chain Leonie Barrie | 13 Aug 14

Struggling discount retailer Target Canada is tackling its supply chain and merchandising issues as part of broader plans to try to fix its operations in the country - and analysts seem to agree the company is finally heading in the right direction.

CANADA: Hudson's Bay swings to Q1 profit Michelle Russell | 3 Jun 14

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.

CANADA/US: Beesley named Hudson's Bay CFO Katie Smith | 7 May 14

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

CANADA: Higher costs hit Hudson's Bay Q4 performance Katie Smith | 4 Apr 14

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.

Apparel brands have vital role to play in Cambodia crisis Richard Woodard | 26 Mar 14

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.

US: Burgess to lead Hudson's Bay digital division Katie Smith | 30 Jan 14

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

CANADA: Hudson's Bay signs deal for Saks debut Katie Smith | 28 Jan 14

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.

CANADA: Hudson's Bay CFO takes leave of absence Katie Smith | 24 Jan 14

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.



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