Tuesday, December 10, 2019

Hudson's Bay Co. quarterly loss widens on heavy discounts

Canadian department store operator Hudson's Bay Company reported a bigger third-quarter loss on Tuesday, hit by higher discounts at luxury chain Saks Fifth Avenue and weak sales at its namesake stores.

The company has been trying to fend off fierce competition from e-commerce retailers including Amazon.com as well as from other department stores Macy's and Nordstrom.. . . more