Hudson's Bay Company

Apparel and textile industry company news

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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.


US: Saks general merchandise head Boitano to step down Michelle Russell | 20 Jan 14

US-based luxury retailer Saks Fifth Avenue has confirmed its general merchandise manager, Joseph Boitano, is to step down.


CANADA: Hudson's Bay promotes Greller to head up outlets Michelle Russell | 9 Jan 14

Canadian department store operator Hudson's Bay Company has appointed Jonathan Greller to head up its outlet stores.


CANADA: Organisations call on retailers to sign Accord Michelle Russell | 18 Dec 13

Twenty-five Canadian organisations have called on the country's retailers and brands to sign the Bangladesh Accord on Fire and Building Safety.


CANADA: Hudson's Bay promotes Watros to president role Michelle Russell | 17 Dec 13

Canadian department store operator Hudson's Bay Company has promoted its COO, Donald Watros, to the newly-expanded role of president.


CANADA: Hudson's Bay Q3 net loss widens Michelle Russell | 11 Dec 13

Canadian department store operator Hudson's Bay Company saw its net losses widen in the third quarter, hurt by costs related to its purchase of Saks.


CANADA: Hudson's Bay makes raft of executive promotions Michelle Russell | 18 Nov 13

Canadian department store retailer Hudson's Bay has promoted a number of people to senior positions within the company as it shores up its new executive team.


CANADA: Hudson's Bay closes Saks acquisition Katie Smith | 5 Nov 13

Canadian department store operator Hudson's Bay Company has completed its US$2.9bn acquisition of US-based luxury retailer Saks.


US/CANADA: Saks shareholders approve Hudson's Bay merger Katie Smith | 31 Oct 13

Saks shareholders have approved its merger with Canadian department store retailer Hudson's Bay Company, in a move that creates a leading upscale North American fashion retail business.


US: Hudson's Bay names Hardin creative officer Katie Smith | 28 Oct 13

Canadian department store operator Hudson's Bay Company has appointed Russ Hardin as its new chief creative officer and senior vice president.


UPDATE: BANGLADESH: Scope of factory safety audits needs clarification Leonie Barrie | 11 Oct 13

The group representing more than 90 fashion retailers and brands working to improve fire and building safety in Bangladesh's garment industry has admitted that a fatal fire in a fabric mill earlier this week shows there is "still a long way to go" to achieving this goal.


BANGLADESH: Deadly factory fire underpins new calls for safety Leonie Barrie | 10 Oct 13

The death of at least nine workers in a fire at a fabric mill in Bangladesh earlier this week has led to renewed calls for efforts to ensure safe conditions in the country's garment sector - as well as questions on the extent to which audits need to be carried out further down the supply chain.


BANGLADESH: Factory blaze kills workers at fabric facility Leonie Barrie | 9 Oct 13

The safety of Bangladesh's textile and garment industry has been called into question again today (9 October) after at least seven people were killed in a fire at a fabric factory at Sreepur in the district of Gazipur, around 40km north of Dhaka.


US: Saks CEO Sadove to join JC Penney board Katie Smith | 9 Oct 13

Saks chairman and CEO Stephen Sadove, who is set to leave the department store operator following its merger with the Hudson's Bay Company, has been lined up to join the board of JC Penney.


CANADA: Hudson's Bay planning Saks expansion? Katie Smith | 26 Sep 13

Canadian department store operator Hudson's Bay Company is reportedly planning to capitalise on its acquisition of luxury retailer Saks by potentially opening stores in Europe and Asia.


US: Hudson's Bay names Harrods' McKee to lead Saks Petah Marian | 17 Sep 13

Hudson's Bay Company has named Harrods executive Marigay McKee as the next president of Saks Fifth Avenue, following the completion of its acquisition of the US department store operator.

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