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Hudson’s Bay Company announces the appointment of Dr. Wolfgang Link as CEO of HBC Europe

Dr. Link to establish and drive European strategy including direction of HBC's €1 billion capital commitment in Germany TORONTO & NEW YORK & COLOGNE, Germany, 2017-Apr-07 — /EPR Retail News/ — Hudson's Bay Company (TSX: HBC) today (April 6, 2017) announced the appointment of Dr. Wolfgang Link as Chief Executive Officer of HBC Europe, effective May…
April 7, 20170Comments

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Business Financial Management Retail Retailer

Hudson’s Bay Company announces 2.5% retail sales increase to $4.6 billion in 4Q Fiscal 2016

Fourth Quarter retail sales increased 2.5% to $4.6 billion Fourth Quarter comparable digital sales increased 13.3% on a constant currency basis, up 20.9% at HBC's department store banners Fourth Quarter Adjusted EBITDAR of $564 million and Adjusted EBITDA of $404 million Full year Adjusted EBITDAR and Adjusted EBITDA consistent with recent guidance…
April 6, 20170Comments

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Asset Inventory Business Financial Management Retail Retailer

Hudson’s Bay Company closes amendment to its asset-based revolving credit facility to increases total capacity by $350 million

TORONTO & NEW YORK, 2017-Feb-08 — /EPR Retail News/ — Hudson's Bay Company ("HBC" or the "Company") (TSX: HBC) is pleased to announce the closing of an amendment to its asset-based revolving credit facility ("Global ABL") that increases its total capacity by $350 million to a total of $2.25 billion. Of this $350 million increase, $100…
February 8, 20170Comments

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Business Financial Management Retail Retailer

Hudson’s Bay Company announces sales results for the nine week period ending December 31, 2016 and updates on Fiscal 2016 Outlook

TORONTO & NEW YORK, 2017-Jan-12 — /EPR Retail News/ — Hudson's Bay Company ("HBC" or the "Company") (TSX:HBC) today (January 9, 2017) announced its comparable sales results for the nine week period ending December 31, 2016, and provided an update on its financial outlook for Fiscal 2016. Jerry Storch, Chief Executive Officer, HBC commented, "Our holiday sales…
January 12, 20170Comments

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Business E-Commerce Management Retail Retailer Technology

Hudson’s Bay Company upgrades its Scarborough Distribution Center with the largest Perfect Pick case shuttle system ever built

State-of the-art technology catapults HBC to the forefront of e-commerce distribution New system operational in advance of important holiday shopping season TORONTO, 2016-Nov-07 — /EPR Retail News/ — Hudson's Bay Company (TSX:HBC) today (November 4, 2016) unveiled a new state-of-the-art robotic fulfillment system, which propels HBC's Scarborough Distribution Center to the forefront of e-commerce distribution…
November 7, 20160Comments

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Business Management Retail Retailer

Hudson’s Bay Company announces the appointment of Ed Burstell to newly created position of Head of Partnerships

TORONTO & NEW YORK, 2016-Oct-25 — /EPR Retail News/ — Hudson's Bay Company (TSX: HBC) today (October 24, 2016) announced the appointment of Ed Burstell as Head of Partnerships. In this newly created position, Mr. Burstell will develop and lead partnerships to drive innovative and exclusive offerings across all of HBC's banners globally. The appointment is…
October 25, 20160Comments

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Business Management Retail Retailer

Hudson’s Bay Company announces new stores in Amstelveen and Almere, Netherlands

TORONTO & AMSTERDAM, 2016-Sep-30 — /EPR Retail News/ — Hudson’s Bay Company (“HBC” or the “Company”) (TSX: HBC) is pleased to announce that it has finalized leases for two new store locations in the Netherlands, in addition to the eleven locations previously announced. In aggregate, the announced lease agreements total approximately 172,400 m2 (1,855,600 sq. ft.)…
September 30, 20160Comments

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Business Management Retail Retailer

Hudson’s Bay Company to open its first Quebec Saks Fifth Avenue store in Montreal in Fall 2018

Hudson's Bay Company to open its first Quebec Saks Fifth Avenue store in Montreal in Fall 2018   NEW YORK & MONTREAL, 2016-Sep-23 — /EPR Retail News/ — Hudson's Bay Company (TSX:HBC) today (September 22, 2016) announced plans to open its first Quebec Saks Fifth Avenue location in Montreal, within the historic Hudson's Bay on Boulevard de Maisonneuve.…
September 23, 20160Comments

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Business Management Retail Retailer

Hudson’s Bay Company announces the appointment of David J. Schwartz as General Counsel and EVP

Toronto, ON, 2016-Sep-09 — /EPR Retail News/ — Hudson’s Bay Company today (Sept 8, 2016 ) announced the appointment of David J. Schwartz as General Counsel and Executive Vice President. Mr. Schwartz will lead the company’s global legal organization across banners, and will drive initiatives critical to HBC’s strategic plan. The appointment is effective Friday, September…
September 9, 20160Comments

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Business Financial Management Retail Retailer

Hudson’s Bay Company announced 2Q financial results for thirteen and twenty-six week periods ended July 30, 2016

TORONTO & NEW YORK & COLOGNE, Germany, 2016-Sep-07 — /EPR Retail News/ — Hudson's Bay Company ("HBC" or the "Company") (TSX: HBC) today (September 6, 2016) announced its second quarter financial results for the thirteen and twenty-six week periods ended July 30, 2016. Unless otherwise indicated, all amounts are expressed in Canadian dollars. Certain metrics, including…
September 7, 20160Comments

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Asset Inventory Business Financial Management Marketing Outlet PR Retail Retail Trade Consulting Retailer Trade-in

Hudson’s Bay Company closes $400 million, 5-year mortgage on the Lord &Taylor flagship property in New York City

TORONTO & NEW YORK, 2016-Jul-21 — /EPR Retail News/ — (all values in U.S. Dollars) - Hudson's Bay Company ("HBC" or the "Company") (TSX: HBC) is pleased to announce the closing of a $400 million, 5-year mortgage (the "L&T Mortgage"), on the Lord & Taylor flagship property in New York City, located at 424-438 Fifth Avenue…
July 21, 20160Comments

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Business Management Marketing Outlet Retail Retailer

Hudson’s Bay Company finalized leases for seven new store locations in the Netherlands

TORONTO en AMSTERDAM, 2016-Jul-13 — /EPR Retail News/ — Hudson’s Bay Company (“HBC” or the “Company”) (TSX: HBC) is pleased to announce that it has finalized leases for seven new store locations in the Netherlands, in addition to the four locations previously announced. In aggregate, the lease agreements total approximately 141,800 m2 (1,526,000 sq. ft.) and…
July 13, 20160Comments

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Business Management Marketing Outlet Retail Retailer

HUDSON’S BAY COMPANY KONDIGT ZEVEN NIEUWE LOCATIES AAN IN NEDERLAND

TORONTO en AMSTERDAM, 2016-Jul-13 — /EPR Retail News/ — Hudson’s Bay Company (“HBC” of “de onderneming”) (TSX: HBC) is verheugd aan te kondigen dat ze in Nederland nieuwe huurovereenkomsten voor zeven nieuwe locaties hebben getekend, dit in aanvulling op de eerder aangekondigde vier locaties. In totaal beslaan de contracten 141.800 m2 en bestaan ze uit…
July 13, 20160Comments

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Fashion Management Marketing Retail Retailer Shops

Hudson’s Bay Company announces the retirement of its Vice Chair Bonnie Brooks on December 31, 2016

TORONTO & NEW YORK, 2016-Jul-07 — /EPR Retail News/ — Hudson's Bay Company ("HBC") today announced that Bonnie Brooks, Vice Chair, HBC will retire on December 31, 2016. Brooks's retirement culminates an illustrious 40-year career in fashion retail and marketing, including more than eight years at HBC. From 2008-2012 she was the first female CEO and…
July 7, 20160Comments

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Business Financial Management Retail Retailer

Hudson’s Bay Company expands its European presence with plans for up to 20 new stores in the Netherlands over the next 24 months

Canada's premium department store banner Hudson's Bay and off-price banner Saks OFF 5TH expected to launch first stores in summer 2017 utilizing HBC's existing European platform Plans to open up to 20 stores over the next 24 months Expansion is expected to create approximately 2,500 store jobs and 2,500 construction jobs in key Dutch cities…
May 23, 20160Comments

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Business Management Retail Retailer

Hudson’s Bay Company expands European presence with plans for up to 20 new stores in the Netherlands

Canada's premium department store banner Hudson's Bay and off-price banner Saks OFF 5TH expected to launch first stores in summer 2017 utilizing HBC's existing European platform Plans to open up to 20 stores over the next 24 months Expansion is expected to create approximately 2,500 store jobs and 2,500 construction jobs in key Dutch cities…
May 17, 20160Comments

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Business Management Retail Retailer

Hudson’s Bay Company opens best-in-class robotic retail technology distribution center in Pottsville, Pennsylvania

New DC Enhances HBC's All-Channel Offering to Better Serve Consumers and Drive Continued Digital Growth Creates More Than 200 New Jobs in Pennsylvania Investment in Innovative Robotic Systems Positions HBC at the Forefront of Fulfillment Distribution Technology TORONTO, 2016-May-03 — /EPR Retail News/ — Hudson's Bay Company (HBC) is pleased to announce it will open a…
May 3, 20160Comments

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Business Financial Management Retail Retailer

Hudson’s Bay Company declares quarterly dividend of $0.05 per common share

TORONTO & NEW YORK, 2016-Mar-23 — /EPR Retail News/ — Hudson's Bay Company ("HBC" or the "Company") (TSX:HBC) announced that the Company's Board of Directors has approved a quarterly dividend for holders of the Company's common shares in the amount of $0.05 per common share. The dividend will be paid on April 15, 2016 to shareholders…
March 23, 20160Comments

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Business Management Retail Retailer

Hudson’s Bay Company to acquire Gilt Groupe Holdings, Inc. for $250 million

Acquisition Accelerates HBC's All-Channel Growth Strong Mobile and Personalization Expertise Will Advance Pace of Innovation Across HBC's Rapidly Growing Digital Business Gilt has Loyal and Devoted Millennial Membership TORONTO & NEW YORK, 2016-1-8 — /EPR Retail News/ — (All amounts in US dollars) - Hudson's Bay Company ("HBC" or the "Company") (TSX: HBC) today announced that it…
January 8, 20160Comments

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Business Retail Retailer

Saks Fifth Avenue OFF 5TH and Ivanhoé Cambridge to bring four new Saks OFF 5TH locations to Canada

Each Store Will Be the First to Open in Its Market NEW YORK & TORONTO, 2015-12-7 — /EPR Retail News/ — Saks Fifth Avenue OFF 5TH and Ivanhoé Cambridge announced today an agreement to bring four new Saks OFF 5TH locations to Canada. The stores, which will be the first to introduce the Saks OFF 5TH brand to…
December 7, 20150Comments

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Business Management Retail Retailer

Hudson’s Bay Company, RioCan Real Estate Investment Trust closed 2nd tranche of their joint venture focused on real estate growth opportunities in Canada

TORONTO & NEW YORK, 2015-11-26 — /EPR Retail News/ — Hudson's Bay Company ("HBC") (TSX:HBC) and RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) announced today that they have closed the second tranche of their joint venture (the "RioCan-HBC JV") focused on real estate growth opportunities in Canada. The joint venture will enable HBC and RioCan to build…
November 26, 20150Comments

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Business Financial Management Retail Retailer

Hudson’s Bay Company to release Q3 2015 financial results after market close on December 10, 2015

TORONTO & NEW YORK, 2015-11-26 — /EPR Retail News/ — Hudson's Bay Company ("HBC") (TSX:HBC) will release financial results for the third quarter ended October 31, 2015 after market close on December 10, 2015. Richard Baker, Governor and Executive Chairman, Jerry Storch, Chief Executive Officer, and Paul Beesley, Chief Financial Officer, will discuss financial results and other…
November 26, 20150Comments

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Business Financial Management Retail Retailer

Hudson’s Bay Company sells total of $533 million of its equity in HBS Global Properties to three third party investors

Proceeds to be used to reduce debt TORONTO & NEW YORK, 2015-11-18 — /EPR Retail News/ — (All amounts in US dollars) - Hudson's Bay Company ("HBC" or the "Company") (TSX: HBC) is pleased to announce that it has sold a total of $533 million of its equity in HBS Global Properties, HBC's real estate joint venture with…
November 18, 20150Comments

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Business Financial Management Retail Retailer

HBS Global Properties announces the sale of $533 million of equity to three new investors

New investment values HBS Global Properties' portfolio at US$4.5 billion(1)(2) NEW YORK, LOS ANGELES & COLOGNE, Germany, 2015-11-18 — /EPR Retail News/ — (All amounts in US dollars) - HBS Global Properties, the real estate joint venture between Hudson's Bay Company ("HBC") (TSX: HBC) and Simon Property Group Inc. ("Simon") (NYSE: SPG), is pleased to announce the…
November 18, 20150Comments

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Business Discounts Management Marketing Retail Retailer

Hudson’s Bay Company launches Find @ Lord & Taylor, new off-price concept catering to younger demographic

First Location Debuts November 2015 in New Jersey Five Additional Openings Planned for 2016 NEW YORK, 2015-10-28 — /EPR Retail News/ — Hudson's Bay Company announced today the launch of Find @ Lord & Taylor, a new off-price concept catering to a younger demographic and delivering on-trend, in-season product at amazing prices. Opening its first store in…
October 28, 20150Comments

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Business Financial Management Retail Retailer

GALERIA Kaufhof Group provided an overview of its plans following the acquisition by Hudson’s Bay Company

Under the Leadership of CEO Olivier Van den Bossche, GALERIA Kaufhof Group to Benefit from HBC's Relationships with the World's Best Brands, Successful Strategies in Key Merchandise Categories and Expertise in All-Channel Retailing New Strategies Build from GALERIA Kaufhof Group's Strong Heritage and Great Loyalty in the German and Belgian Markets; will be introduced as soon as…
October 1, 20150Comments

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Business Management Retail Retailer

Hudson’s Bay Company unveils steps to deliver enhanced all-channel customer experience, accelerate financial performance and drive future success

Actions to Generate Additional $75 Million in Expected Annualized Cost Savings and Synergies beyond Previously Announced Synergies from the Integration of Saks Incorporated Realignment Supports Growth Areas of the Business, including Digital Offering and Geographic Expansion TORONTO & NEW YORK, 2015-9-30 — /EPR Retail News/ — Hudson's Bay Company (TSX:HBC) today announced a series of actions to…
September 30, 20150Comments

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Marketing Retail Retailer

Hudson’s Bay Company, Triple Five add three iconic retail banners to American Dream New Jersey

SAKS FIFTH AVENUE, LORD & TAYLOR, AND SAKS FIFTH AVENUE OFF 5TH TO OPEN IN NEW RETAIL AND ENTERTAINMENT COMPLEX TORONTO & NEW YORK, 2015-9-15 — /EPR Retail News/ — Hudson's Bay Company (HBC) and Triple Five are pleased to announce the addition of three iconic retail banners to American Dream New Jersey: Saks Fifth Avenue, Lord &…
September 15, 20150Comments

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Management Retail Retailer

Hudson’s Bay Company announces the appointment of Janet Schalk to Chief Information Officer

TORONTO, 2015-8-21— /EPR Retail News/ — Hudson's Bay Company ("HBC") (TSX:HBC) is pleased to announce the appointment of Janet Schalk to Chief Information Officer. In this role, Ms. Schalk will be responsible for leading the information technology strategy for HBC, while continuing to drive the Company's roadmap of common systems, integrated support, business architecture and…
August 21, 20150Comments

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Business Financial Management Retail Retailer

Canada-based Hudson’s Bay Company to acquire Metro’s department store group GALERIA Kaufhof and its Belgian subsidiary Inno for €2.825 billion

Creates a Global Platform, Positioning HBC for Future Growth in Europe Transaction Value of €2.825 Billion Agreed, Including the Assumption of Certain Liabilities HBC Plans to Work with GALERIA Kaufhof's Existing Management Team to Further Strengthen Offerings to Consumers Agreement Includes Extensive Commitments to Maintain Employment Levels and Store Count, GALERIA Kaufhof to Remain Headquartered…
June 15, 20150Comments

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