Hudson's Bay Company

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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. 

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.

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.




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