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Company News
Apr 03, 2019
Returned to positive operating cash flow in 2018 Sales totaled $9.4 billion for the year; Comparable sales down 0.2% consistent with previous year Saks Fifth Avenue fourth quarter comparable sales up 3.9%, delivering an industry-leading two-year stacked comp of 7.0% while achieving the next step in
Mar 28, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Mar. 28, 2019-- HBC (TSX: HBC) announced today that its Board of Directors has appointed Stephanie Coyles as an independent director of the company, effective March 27, 2019 . Including Ms. Coyles, the company’s board now comprises 13 directors. Ms.
Mar 19, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Mar. 19, 2019-- HBC (TSX: HBC) will announce financial results for the fourth quarter and fiscal year 2018 on Wednesday, April 3, 2019 before market hours. HBC’s Governor and Executive Chairman, Richard Baker , Chief Executive Officer Helena Foulkes , and Chief
Feb 26, 2019
TORONTO & NEW YORK (February 26, 2019) – HBC today announced Alison Coville will step down as President of Hudson’s Bay and Home Outfitters, effective March 1st, 2019. “We are grateful to Alison for her dedication and contributions to Hudson’s Bay. Over her long tenure with the company she served
Feb 21, 2019
Strategic Action Enables Focus on Businesses with the Greatest Potential TORONTO & NEW YORK --(BUSINESS WIRE)--Feb. 21, 2019-- HBC (TSX: HBC) today announced the closure of its Home Outfitters business in Canada and is performing a fleet review of Saks OFF 5TH’s 133 stores, with an estimate of
Feb 11, 2019
         Transaction valued at CAD $1.1 billion TORONTO & NEW YORK --(BUSINESS WIRE)--Feb. 11, 2019-- HBC (TSX: HBC) has closed the sale of the Lord & Taylor Fifth Avenue building to WeWork Property Investors (WPI) for a total transaction value of CAD $1.1 billion ( $850 million ), consistent with
Feb 04, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Feb. 4, 2019-- HBC (TSX:HBC) today announced updates to two real estate transactions which are consistent with previously disclosed terms. German Real Estate Transaction HBC has completed the sale of a 50 percent stake in 18 German properties to a subsidiary of
Dec 05, 2018
Sales increased 5.6% to $2.2 billion , with comparable sales up 2.9% Saks Fifth Avenue comparable sales up 7.3%, solidifying its leading position in luxury Net loss of $124 million compared to $116 million in the prior year Adjusted EBITDA of $63 million , up from $40 million in the prior year,
Nov 30, 2018
Terms Consistent with Previously Disclosed Transaction, Including: Combines two iconic retailers to create Germany's leading retailer with annual revenue in excess of €5 billion HBC to own 49.99% of a stronger, and well-capitalized operator positioned for improved profitability Formation of a 50-50
Nov 27, 2018
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC ) is scheduled to announce full financial results for the third quarter ended November 3, 2018 before the opening of the financial markets on December 5, 2018 . Senior management will discuss financial results and other matters during a
Nov 12, 2018
Germany's Federal Cartel Office grants unconditional approval of intended merger of HBC's European businesses and Karstadt Warenhaus GmbH Real estate lending syndicate formally consents to combination NEW YORK & TORONTO & COLOGNE, Germany --(BUSINESS WIRE)-- HBC (TSX: HBC) and Signa today announced
Oct 09, 2018
    Proceeds of $151.5 million received by HBC TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) today announced that it has entered into an amendment to its lease for the Hudson's Bay location at Oakridge Centre in Vancouver, BC . In exchange for certain concessions and approvals related to
Sep 12, 2018
Total sales decreased 2.0% to $2.2 billion ; total comparable sales declined 0.4%, Saks Fifth Avenue comparable sales growth of 6.7% highlights strength of HBC's largest banner Net loss was $147 million for the quarter compared to $100 million in the prior year; Year-to-date net loss of $281
Sep 11, 2018
Combines two iconic banners to create Germany's leading retailer with annual revenue in excess of €5 billion HBC to own 49.99% of stronger, well-capitalized operator positioned for improved profitability Formation of 50-50 real estate joint venture values German real estate assets at €3.25 billion
Sep 10, 2018
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC ) is scheduled to announce full financial results for the second quarter ended August 4, 2018 before the opening of the financial markets on September 12, 2018 . Senior management will discuss financial results and other matters during a
Aug 08, 2018
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) today announced that Denise Pickett has stepped down as a director of the Company to focus on her responsibilities at American Express. The Company has initiated a search for a new director to replace Ms. Pickett .
Aug 03, 2018
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX:HBC) today announced that it has entered into an amendment to the purchase and sale agreement with an affiliate of WeWork Property Advisors ("WPA") in respect of the Lord & Taylor Fifth Avenue building. Pursuant to the amendment, the closing date of
Jul 06, 2018
    TORONTO & NEW YORK & COLOGNE, Germany --(BUSINESS WIRE)-- HBC (TSX:HBC) today stated that contrary to recent reports it has not signed a binding agreement to sell or combine its European business or properties. HBC regularly evaluates potential strategic opportunities to create value for its
Jun 12, 2018
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) announced that all of the nominees listed in its management information circular dated May 10, 2018 ("Circular") were elected as directors of HBC at the annual and special meeting of shareholders ("Meeting") held today in Toronto .
Jun 05, 2018
Total sales increased 1.0% to $3.1 billion ; comparable sales declined 0.7% Saks Fifth Avenue comparable sales increased 6.0%; Hudson's Bay extends streak of positive comparable sales for 31st consecutive quarter Strategic decision to divest Gilt enables focus on businesses with the greatest
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