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Company News
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
Marc Metrick, President of Saks Fifth Avenue, Adds Gilt and Saks Off 5th to his Leadership Responsibilities
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
Nov 21, 2017
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC ) is scheduled to announce full financial results for the quarter ended October 28, 2017 before the opening of the financial markets on December 6, 2017 . Senior management will discuss financial results and other matters during a conference call
Nov 15, 2017
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) today provided a regulatory update in respect of 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 of a series of
Nov 13, 2017
Walmart.com and Lord & Taylor Announce Plans to Deliver Premium Fashion to Customers
Nov 07, 2017
Multi-Faceted Strategic Relationship Provides Significant Benefits to Shareholders TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC) today provided an update on the previously announced series of strategic transactions with WeWork Companies ("WeWork"), Rhône Capital (together with Rhône Group
Nov 06, 2017
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC or the "Company" (TSX: HBC) today announced the appointment of Milton Pappas to Chief Marketing Officer, effective immediately. In this role, Mr. Pappas will lead the Marketing Center of Excellence (COE), charged with executing the marketing strategies of
Nov 02, 2017
Corrects Inaccurate Statements by Land & Buildings TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX:HBC) today responded to the inaccurate public statements made by Land & Buildings in its press release issued November 1, 2017 regarding the Company's previously announced strategic transactions
Nov 01, 2017
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC (TSX: HBC), at the request of Investment Industry Regulatory Organization of Canada (IIROC), is commenting on market speculation regarding an unsolicited offer for its German business. The Company confirms that it received today an incomplete, non-binding
Oct 30, 2017
RioCan-HBC Joint Venture to Explore Possible Sale of Vancouver Property
Oct 24, 2017
Rhône Capital to Make U.S. $500 Million Equity Investment in HBC; WeWork Property Advisors , a Joint Venture Between WeWork and Rhône , Expects to Assume Part of this Equity Investment WeWork Property Advisors to Acquire Lord & Taylor Fifth Avenue Building in a Transaction Valued at U.S.
Oct 20, 2017
Jerry Storch Steps Down as CEO Governor and Executive Chairman Richard Baker to Reassume CEO Role on an Interim Basis TORONTO --(BUSINESS WIRE)-- HBC (TSX: HBC) today announced that Gerald L. (Jerry) Storch has stepped down as Chief Executive Officer, effective November 1, 2017 , to return to his
Sep 05, 2017
Second Quarter retail sales increased 1.2% to $3.3 billion , led by digital sales growth Comparable sales at Saks Fifth Avenue grew the most in more than two years, up 1.7% on a constant currency basis; Total HBC comparable sales trends improved from the first quarter, declining by 1.3% on a
Aug 24, 2017
TORONTO & NEW YORK --(BUSINESS WIRE)-- HBC or the "Company" (TSX: HBC) today announced Don Watros has made the decision to leave HBC effective September 29, 2017 . "With a seasoned leadership team in place in Europe and our plans to bring Hudson's Bay to the Netherlands and Saks OFF 5TH to Europe
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