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Hudson's Bay Company

Hudson's Bay Co names Nairn as president

14 January 2020 | Michelle Russell

Canadian department store retailer Hudson's Bay has appointed Iain Nairn, former CEO of Australian retailer David Jones, as its new president.... read more


Hudson's Bay Co. reaches takeover deal

6 January 2020 | Hannah Abdulla

Following a lengthy acquisition battle, Canadian retail chain Hudson's Bay Co. (HBC) has accepted a bid for the company to be taken private at C$11 per share.... read more


Catalyst Capital makes third offer for Hudson's Bay Co

28 November 2019 | Michelle Russell

Canadian retailer Hudson's Bay Company (HBC) has received a third – and higher – offer from Catalyst Capital Group to acquire the company.... read more


Hudson's Bay completes sale of Lord & Taylor to Le Tote

11 November 2019 | Beth Wright

Canadian retailer Hudson's Bay Company (HBC) has completed the sale of its Lord & Taylor banner to fashion rental subscription service startup Le Tote for US$100m. ... read more


Hudson's Bay Company to be taken private

22 October 2019 | Beth Wright

Canadian retailer Hudson's Bay Company (HBC) has entered into a definitive agreement with a group of HBC shareholders to take the company private at a price of CAD10.30 per share in cash.... read more


Hudson's Bay investor slams privatisation offer

3 October 2019 | Hannah Abdulla

Another of Canadian retailer Hudson's Bay Company (HBC)'s investors has slammed chairman Richard Baker's CAD1.74bn offer to take the company private.... read more


Hudson's Bay to cease Netherlands operations

23 September 2019 | Beth Wright

Hudson's Bay Company (HBC) is to close its 15 Hudson’s Bay stores, e-commerce site and headquarters in the Netherlands before the end of the year.... read more


Hudson's Bay widens Q2 net loss amid sales slump

13 September 2019 | Beth Wright

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.... read more


Lord & Taylor to be sold to fashion rental firm Le Tote for $100m

29 August 2019 | Beth Wright

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.... read more


Catalyst adds extra 10% stake in Hudson's Bay Company

21 August 2019 | Beth Wright

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.... read more


Catalyst Capital Group ups HBC share offer

7 August 2019 | Beth Wright

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.... read more


Catalyst Capital Group in HBC share offer

26 July 2019 | Beth Wright

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.... read more


Hudson's Bay optimistic despite Q1 sales slip

17 June 2019 | Beth Wright

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


HBC sells European joint venture and mulls take-private bid

12 June 2019 | Beth Wright

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.... read more


Hudson's Bay optimistic despite fourth-quarter sales slip

4 April 2019 | Beth Wright

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.... read more


The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more


Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... read more


How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more


British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more


Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more


US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more


Hemp apparel – hype or opportunity?

4 February 2019 | Leonie Barrie

With products derived from hemp making their presence felt in a range of industries, from food and drinks to medicines, we've looked at potential applications in clothing – and issues for the supply chain.... read more


TexOps restructure and the quest to get ahead

28 January 2019 | Beth Wright

Salvadoran sportswear maquila TexOps is navigating a painful restructuring, with owner David Ha putting the brakes on expansion. "We are going back to basics,” the Korean entrepreneur tells just-style in an exclusive interview, revealing how the firm is strategising ahead to get ready for what is coming. This, he says, includes an increase in US labels shifting sourcing south of the border as Trump's trade war with China escalates.... read more


Brexit deal rejection worries apparel industry

21 January 2019 | Hannah Abdulla

Last week's rejection of Theresa May's proposed UK-EU Brexit deal by MPs saw chatter spike among industry execs who say a No-Deal Brexit could be problematic for the sector given its heavy reliance on overseas talent ... read more


US trade updates out of date

15 January 2019 | Leonie Barrie

Apparel and textile industry executives are among those being deprived of key trade and economic data amid the ongoing US government shutdown – at a time when trade tensions between the US and China mean that having access to the most up-to-date statistics is more important than ever.... read more


2019 off to a positive start

7 January 2019 | Leonie Barrie

Getting 2019 off to a positive start, it seems US apparel retailers saw some holiday cheer, with strong sales momentum that started during the back-to-school season carrying on to Christmas.... read more


UN sets new Fashion Industry Charter for Climate Action

18 December 2018 | Leonie Barrie

43 leading fashion brands, retailers and suppliers – including Adidas, Burberry, Gap Inc, H&M Group, Inditex, Kering, Levi Strauss & Co, and PVH Corp – are backing the UN’s new Fashion Industry Charter for Climate Action with an initial goal of reducing aggregate greenhouse gas emissions by 30% by 2030.... read more


Decathlon's decade-long eco-labelling project

12 December 2018 | Leonie Barrie

Global sporting goods giant Decathlon is nearing the finishing line on a decade-long project that will see all textile and footwear items labelled with their environmental impact by the end of next year. The data is also enabling more eco-friendly design – and will be made freely available to other companies. The retailer has spoken exclusively to just-style about the initiative.... read more


Hudson's Bay optimistic despite widening Q3 loss

6 December 2018 | Beth Wright

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.... read more


HBC completes Galeria Kaufhof and Karstadt merger

3 December 2018 | Beth Wright

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.... read more


Regional supply chains shape up

26 November 2018 | Leonie Barrie

Regional patterns in world textile and apparel trade are becoming increasingly important, according to an analysis using data from the re:source by just-style sourcing tool. The trend reflects both the changing dynamics of the global economy and the shifting sourcing strategies of fashion brands and retailers.... read more


US-China trade spat spurs sourcing shifts

22 November 2018 | Leonie Barrie

The coming change of control of the House of Representatives following the US mid-term elections will probably do little to stop the escalating tariff disputes between the US and China, the American fashion industry has been warned.... read more


Apparel makers - Let's get virtual

21 November 2018 | Hannah Abdulla

The Virtual Reality market is becoming a bit of a big deal. According to recent forecasts from DigiCapital, the global VR market value could surpass $120bn by 2020. And, as consumers are demanding more from their apparel, combining VR with apparel is something to think about. Cue Google. ... read more


Complexities of multi-channel pricing, sourcing and stock control

15 November 2018 | Leonie Barrie

The fashion industry is operating in a multi-channel world – but when it comes to managing this approach, it seems there is no unanimity of best practice (and often no best practice at all) on multi-channel pricing, sourcing and stock control. Here we unravel some of the complexities.... read more


Galeria Kaufhof and Karstadt merger approved

13 November 2018 | Beth Wright

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.... read more


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