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Company News
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
May 31, 2018
HBC to Realign Digital Operations and Technical Teams Under One Leader NEW YORK & TORONTO --(BUSINESS WIRE)-- HBC (TSX:HBC) today announced the appointment of Stephen J. Gold as Chief Technology and Digital Operations Officer. Gold will be responsible for leading the technology and digital strategy
May 14, 2018
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX:HBC) today announced the appointment of Vanessa LeFebvre as President of Lord & Taylor . With a passion for delivering compelling customer experiences grounded in data, LeFebvre will lead Lord & Taylor's evolution in reimagining the regional
May 10, 2018
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) is scheduled to announce full financial results for the first quarter ended May 5, 2018 before the opening of the financial markets on June 5, 2018 . Senior management will discuss financial results and other matters during a conference call
Apr 27, 2018
NEW YORK & TORONTO --(BUSINESS WIRE)-- HBC (TSX:HBC) today provided an update on its investigation into the previously-disclosed data security issue involving customer payment card data at Saks Fifth Avenue , Saks OFF 5TH and Lord & Taylor locations in North America .
Apr 16, 2018
New Leader Charged with Advancing the Company's Approach to Marketing TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX:HBC) today announced the appointment of Bari Harlam as Chief Marketing Officer, effective immediately. Ms. Harlam will lead HBC's Marketing Center of Excellence , charged with
Apr 01, 2018
NEW YORK & TORONTO --(BUSINESS WIRE)-- HBC (TSX:HBC) today announced that it has become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue , Saks OFF 5TH, and Lord & Taylor stores in North America . While the investigation is ongoing, there is no
Mar 28, 2018
Fourth Quarter net income of $84 million , compared to a net loss of $152 million in the fourth quarter of the prior year; normalized net income of $20 million compared to $2 million Fourth quarter Adjusted EBITDAR of $528 million , compared to $564 million in the prior year Fourth quarter retail
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