Press Releases

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Company News
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
Mar 01, 2018
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC ) is scheduled to announce full financial results for the fourth quarter and fiscal year ended February 3, 2018 before the opening of the financial markets on March 28, 2018 . Senior management will discuss financial results and other matters
Feb 07, 2018
TORONTO , NEW YORK & COLOGNE, Germany --(BUSINESS WIRE)-- HBC (TSX: HBC ) today announced that, after a careful review and consideration conducted in consultation with our financial and legal advisors which included an in-person meeting with SIGNA Holding GmbH and its advisors, its Board of
Feb 05, 2018
Transformational Leader Will Oversee HBC's Global Strategy & Operations TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC ) today announced that its Board of Directors has appointed Helena Foulkes as Chief Executive Officer, effective February 19, 2018 .
Jan 09, 2018
Dec 06, 2017
Proceeds Used to Reduce Outstanding Borrowings and Strengthen Balance Sheet HBC appoints Steven Langman and Eric Gross as Directors TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) and Rhône Capital today announced the closing of the previously announced U.S.
Dec 06, 2017
TORONTO & NEW YORK & COLOGNE, Germany --(BUSINESS WIRE)-- HBC (TSX: HBC): Third quarter retail sales decreased 4.2% to $3.2 billion ; comparable sales on a constant currency basis declined by 3.2% Saks Fifth Avenue achieves positive constant currency comparable sales for second consecutive quarter;
Dec 01, 2017
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) (the "Company") today announced that it has reached an agreement with Land & Buildings to withdraw its appeal of the Toronto Stock Exchange's (TSX) decision to conditionally approve the previously announced equity investment by Rhône Capital.
Nov 27, 2017
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) today provided an update in respect of strong shareholder support for Rhône Capital's equity investment of U.S. $500 million ( C$632 million ) in the form of 8-year mandatory convertible preferred shares, which was previously announced as part
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