Wednesday, December 5, 2018

Hudson’s Bay posts lower Q3 loss as Saks Fifth Avenue drives improvement in overall sales

Star Business Journal
Hudson’s Bay Co. says it had a smaller overall third-quarter loss than last year as sales increased by 5.6 per cent to $2.2 billion, with its Saks Fifth Avenue brand of luxury retail stores continuing to show improvements.

Comparable-store sales from continuing operations increased 2.9 per cent overall, with Saks Fifth Avenue up 7.3 per cent and the Saks OFF 5th off-price brand down 2.3 per cent on a comparable-sales basis.. . . more