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Company News
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
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
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