• Losses narrowed to CAD80.7m (US$79.4m) from CAD129.7m
  • Sales rose 4.2% to $884m from $848.2m 
  • Same-store sales up 4%
  • Gross profit improved to 40.3% from 40.2%

Canadian department store retailer Hudson's Bay has seen its first-quarter losses narrow to CAD80.7m (US$79.4m) for the 13 weeks to 4 May, boosted by strong sales at its namesake stores growth as well as improved gross profit and operating expenses.

"We are pleased with our first quarter performance," said chief executive officer and governor Richard Baker.

"Our strong sales growth can be attributed to several factors, including improvements in store productivity, increased e-commerce sales, and our partnership with Topshop/Topman. 

"These strategic initiatives drove gains at Hudson's Bay, which continues to outperform its competitors. At Lord & Taylor, our sales performance was impacted by unfavourable year over year weather patterns."