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Hudson's Bay Company

Hudson's Bay Company
Financial Markets

Slumping Currency Holds Silver Lining for Canadian Retailers

The Canadian dollar's plunge to a 12-year low is seen boosting sales for the country's retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases.

Financial Markets

Slumping Currency Holds Silver Lining for Canadian Retailers

The Canadian dollar's plunge to a 12-year low is seen boosting sales for the country's retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases.


Financial Markets

Saks Woes Send Hudson’s Bay Tumbling After Third-Quarter Loss

Department-store operator Hudson’s Bay Co. fell the most in more than three months after posting an unexpected third-quarter loss, hurt by reduced spending from tourists at its Saks Fifth Avenue chain.

Financial Markets

Saks Woes Send Hudson’s Bay Tumbling After Third-Quarter Loss

Department-store operator Hudson’s Bay Co. fell the most in more than three months after posting an unexpected third-quarter loss, hurt by reduced spending from tourists at its Saks Fifth Avenue chain.


News & Analysis

Hudson's Bay Cutting 265 Jobs, Streamlining North American Operations

Hudson's Bay Co plans to eliminate 265 headquarter and other corporate jobs and cut costs to save C$75 million (US$55.86 million) as it streamlines its North American operations.

News & Analysis

Hudson's Bay Cutting 265 Jobs, Streamlining North American Operations

Hudson's Bay Co plans to eliminate 265 headquarter and other corporate jobs and cut costs to save C$75 million (US$55.86 million) as it streamlines its North American operations.


Retail

Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof

Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.

Retail

Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof

Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.


Retail

Hudson’s Bay Said to Win Metro’s Kaufhof on $3.3 Billion Bid

Hudson’s Bay Co., the oldest company in Canada, has won the bidding for Metro AG’s Galeria Kaufhof department-store chain in Germany, according to people familiar with the matter.

Retail

Hudson’s Bay Said to Win Metro’s Kaufhof on $3.3 Billion Bid

Hudson’s Bay Co., the oldest company in Canada, has won the bidding for Metro AG’s Galeria Kaufhof department-store chain in Germany, according to people familiar with the matter.


Retail

Saks Fifth Avenue Building in Manhattan Valued at $3.7 Billion

The landmark Saks Fifth Avenue building in Manhattan was appraised at about $3.7 billion as part of an effort by parent Hudson’s Bay Co. to squeeze more money out of its real estate.

Retail

Saks Fifth Avenue Building in Manhattan Valued at $3.7 Billion

The landmark Saks Fifth Avenue building in Manhattan was appraised at about $3.7 billion as part of an effort by parent Hudson’s Bay Co. to squeeze more money out of its real estate.



News & Analysis

Saks Says 2 Top Executives to Depart After Buyout

NEW YORK, United States — Saks Inc. says two of its top executives will leave the company once its sale to Hudson's Bay Co. is complete.

News & Analysis

Saks Says 2 Top Executives to Depart After Buyout

NEW YORK, United States — Saks Inc. says two of its top executives will leave the company once its sale to Hudson's Bay Co. is complete.


News & Analysis

Hudson’s Bay CEO Says REIT Will Surmount Rates

VANCOUVER, Canada — Hudson's Bay Co. Chief Executive Officer Richard Baker says rising interest rates pose no hurdle to a potential spinoff of the

News & Analysis

Hudson’s Bay CEO Says REIT Will Surmount Rates

VANCOUVER, Canada — Hudson's Bay Co. Chief Executive Officer Richard Baker says rising interest rates pose no hurdle to a potential spinoff of the


News & Analysis

T.J. Maxx, Others Look Past Chaos to E-commerce Bonanza

NEW YORK, United States — U.S. low-price retailer T.J. Maxx plans to open an online store this year, as does rival Saks Inc's Off Fifth outlets,

News & Analysis

T.J. Maxx, Others Look Past Chaos to E-commerce Bonanza

NEW YORK, United States — U.S. low-price retailer T.J. Maxx plans to open an online store this year, as does rival Saks Inc's Off Fifth outlets,