Tag Archives: Lord & Taylor

Home Helps as Hudson’s Bay Narrows Q2 Loss

Hudson’s Bay

TORONTO-Hudson’s Bay Co. reported a second-quarter net loss of C$36 million (about $33 million), compared to a second-quarter net loss of C$81 million (about $74 million) last year. The acquisition of Saks, which was closed in November 2013, helped Hudson’s Bay bottom line in the quarter, which ended on Aug. 2. With Saks in theMore »

Last updated: September 12, 2014

Hudson’s Bay Launches Digital Group

Michael Burgess

TORONTO-Hudson’s Bay Co. has created HBC Digital, a group responsible for digital commerce and marketing across the entire company. The retailer has named Michael Burgess, president of Saks Direct, as president of the new group. Burgess reports to the Hudson’s Bay Office of the Chairman. HBC Digital is responsible for the digital commerce and marketingMore »

Last updated: January 31, 2014

Hudson’s Bay Posts Q2 Loss on Costs for Acquisition of Saks; Sales Rise 3.9 Percent

Hudson's Bay

TORONTO-Expenses regarding the company’s pending acquisition of Saks put Hudson’s Bay’s bottom line in the red in its fiscal second quarter, to the tune of C$82.3 million (U.S.$79.6 million on the current exchange rate). Net sales totaled C$947.7 million (U.S.$916.3 million), an increase of 3.9 percent, in the quarter which ended on Aug. 3. TheMore »

Last updated: September 12, 2013

Hudson’s Bay to Acquire Saks

Hudson's Bay

TORONTO-Hudson’s Bay Co. has entered into an agreement with Saks Inc. whereby Hudson’s Bay will purchase Saks for $16 a share, in a deal valued at about $2.9 billion including debt. A joint statement from the two retailers said both of their boards of directors have approved the deal, which is expected to close beforeMore »

Last updated: July 29, 2013