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Company News
Oct 01, 2019
  Solidifies HBC’s strategic focus on North American operations and greatest opportunities for growth - Saks Fifth Avenue and Hudson’s Bay   Proceeds used to strengthen HBC’s balance sheet by fully repaying term loan       TORONTO & NEW YORK --(BUSINESS WIRE)--Oct.
Sep 20, 2019
TORONTO --(BUSINESS WIRE)--Sep. 20, 2019-- HBC (TSX: HBC) today announced that HBC Netherlands BV will close its 15 Hudson’s Bay stores, e-commerce site and headquarters in the Netherlands on or before December 31, 2019 . Hudson’s Bay Netherlands is owned by a retail joint venture of SIGNA Retail
Sep 12, 2019
Revenues totaled $1.9 billion , with comparable sales down 0.4% including a 19% year-over-year increase in digital sales Saks Fifth Avenue’s comparable sales up 7.3% on a two-year stacked basis, which includes 0.6% comp in the second quarter Saks OFF 5TH’s comp sales up 3.4% driven by new customer
Sep 06, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Sep. 6, 2019-- HBC (TSX: HBC) will announce financial results for the second quarter 2019 on Thursday, September 12, 2019 before market hours. Chief Executive Officer Helena Foulkes , and Interim Chief Financial Officer Becky Roof will subsequently host a
Aug 28, 2019
Transaction to create new experience with fashion rental subscriptions, e-commerce and stores Sale concludes HBC’s review of strategic alternatives for Lord + Taylor business TORONTO --(BUSINESS WIRE)--Aug. 28, 2019-- Hudson's Bay Company (TSX:HBC) and Le Tote, Inc.
Aug 15, 2019
Advises Shareholders to Exercise Caution with Respect to Amended Offer TORONTO & NEW YORK --(BUSINESS WIRE)--Aug. 15, 2019-- The Special Committee of the Board of Directors of Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today commented on the amended unsolicited offer made on August 7,
Aug 02, 2019
Advises Shareholders to Exercise Caution with Respect to Offer TORONTO & NEW YORK --(BUSINESS WIRE)--Aug. 2, 2019-- The Special Committee of the Board of Directors of Hudson's Bay Company (TSX: HBC) ("HBC" or the “Company”) today issued a response to the unsolicited offer made to shareholders by
Jul 25, 2019
Invites a Number of Shareholders to Share Views on Proposal TORONTO & NEW YORK --(BUSINESS WIRE)--Jul. 25, 2019-- The Special Committee of the Board of Directors of Hudson's Bay Company (TSX: HBC) ("HBC" or the "Company") today issued an update on its ongoing review of the June 10, 2019 proposal
Jul 10, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Jul. 10, 2019-- HBC (TSX: HBC) announced that the Special Committee of the Board of Directors has retained TD Securities Inc. as independent valuator to prepare a formal valuation of the common shares of the company in accordance with Multilateral Instrument
Jun 19, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Jun. 19, 2019-- HBC (TSX: HBC) announced that all of the nominees listed in its management information circular dated May 15, 2019 (“Circular”) were elected as directors of HBC at the annual meeting of shareholders (“Meeting”) held today in Toronto .
Jun 17, 2019
Becky Roof Appointed Interim CFO TORONTO & NEW YORK --(BUSINESS WIRE)--Jun. 17, 2019-- HBC (TSX: HBC) today announced that its Chief Financial Officer Ed Record will be taking a medical leave of absence, effective today. In his absence, the company has appointed Becky Roof as Interim CFO. Ms.
Jun 13, 2019
Revenues totaled $2.1 billion , with comparable sales up 0.3%, excluding Home Outfitters and Lord + Taylor currently undergoing a review of strategic alternatives Saks Fifth Avenue comparable sales up 2.4%, continuing to deliver industry-leading results with a two-year stacked comp of 8.4% Saks OFF
Jun 10, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Jun. 10, 2019-- HBC (TSX: HBC) announced that its Board of Directors has formed a Special Committee of independent directors to review the June 10, 2019 proposal from a group of HBC shareholders for the privatization of the Company at a price of C$9.45 per
Jun 10, 2019
Solidifies HBC’s strategic focus on North American operations and greatest opportunities for growth - Saks Fifth Avenue and Hudson’s Bay Transaction betters real estate mark established in September 2018 for same assets Proceeds to be used to strengthen HBC’s balance sheet by fully repaying term
May 06, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--May 6, 2019-- HBC (TSX:HBC) today announced it is pursuing strategic alternatives for the Lord + Taylor operating business, including a possible sale or merger, as part of its strategy to focus on its greatest opportunities.
Apr 30, 2019
TORONTO & NEW YORK --(BUSINESS WIRE)--Apr. 30, 2019-- HBC (TSX: HBC) is providing certain preliminary historical financial information in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) as a result of its previously disclosed adoption of the accounting standard beginning
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
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