The news comes less than a week after HBC said it would sell most of its Lord & Taylor flagship store to be turned into office space.
Who’s in, who’s out, who’s been promoted and hired — find out all the industry moves in one place, brought to you by FN.
Macy’s is said to be courting several buyers — but a sale is not that simple.
HBC reported comparable sales declines across all of its banners, including Saks Fifth Avenue, in the third quarter.
Hudson’s Bay Co. preannounces lower-than-expected Q2 comps; athletic shoe sales gain 15 percent.
The National Father’s Day Committee hosted its 75th Annual Father of the Year Awards luncheon Tuesday in New York.
Hudson’s Bay Co.’s Q1 net loss almost doubled to $97 million CAD, or $76.6 million, from $48 million CAD, or $37.9 million, in the comparable period.
Hudson’s Bay will continue its European expansion with the launch of up to 20 stores in the Netherlands over the next 24 months.
The owner of Lord & Taylor and Saks Fifth Avenue said its Q4 net income climbed more than 220 percent to $370 million (CAD), or $281.2 million.