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Hudson's Bay moves to Q3 profit but lowers sales guidance

2015-12-11 13:04:00| Daily apparel & textile news and comment - from just-style.com

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.

Tags: sales bay profit guidance

 

Hudson's Bay completes EUR2.5bn Kaufhof deal

2015-10-01 16:59:00| Daily apparel & textile news and comment - from just-style.com

Canadian retail group Hudson's Bay Company (HBC) has completed its EUR2.5bn (US$2.8bn) acquisition of Galeria Holding, operator of Germany's Galeria Kaufhof department store chain and Belgium's only department store, Galeria Inno.

Tags: deal bay completes kaufhof

 
 

Hudson's Bay to axe 265 jobs in cost-cutting move

2015-10-01 13:45:00| Daily apparel & textile news and comment - from just-style.com

Canadian retail group Hudson's Bay Co is to cut 265 jobs as part of a cost-cutting initiative designed to save the business around US$75m next year. 

Tags: jobs move bay axe

 

US Q2 in brief: Christopher & Banks, Hudson's Bay, Lululemon

2015-07-30 18:29:00| Daily apparel & textile news and comment - from just-style.com

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. Christopher & Banks swung to a loss, Hudson's Bay was back in the black, while Lululemon Athletica lifted its full-year guidance despite a fall in profit. Men's Wearhouse grew its net income more than threefold, Pacific Sunwear posted a double-digit increase in profit, thanks to a non-cash gain, and Belk saw its earnings more than halve due to higher expenses. 

Tags: bay banks christopher hudsons

 

Hudson's Bay eyes Europe growth with Kaufhof deal

2015-06-15 12:33:00| Daily apparel & textile news and comment - from just-style.com

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.

Tags: europe eyes deal growth

 

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