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Tag: Jerry Storch

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Business Management Retail Retailer

HBC President Don Watros to leave the company

TORONTO & NEW YORK, 2017-Aug-28 — /EPR Retail News/ — HBC or the "Company" (TSX: HBC) today (August 24, 2017) announced Don Watros has made the decision to leave HBC effective September 29, 2017. "With a seasoned leadership team in place in Europe and our plans to bring Hudson's Bay to the Netherlands and Saks OFF 5TH to Europe coming to fruition, the time is right…
August 28, 20170Comments

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Business Financial Management Retail Retailer

HBC’s New President of Hudson’s Bay Has 30 Years Experience in Canadian Retail Market

HBC’s New President of Hudson’s Bay Has 30 Years Experience in Canadian Retail Market   Hudson's Bay Executive with More Than 30 Years of Experience in the Canadian Retail Market to Lead the Country's Most Iconic Retailer TORONTO, 2017-Jun-12 — /EPR Retail News/ — HBC today (June 8, 2017) announced that Alison Coville has been named President of Hudson's…
June 11, 20170Comments

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Business Financial Management Retail Retailer

Tough First Quarter 2017 Results Prompts HBC To Take Steps To Adapt

First Quarter retail sales decreased 3.0% to $3.2 billion, a decrease of 2.9% on a constant currency comparable basis First Quarter comparable digital sales increased 5.4% on a constant currency basis, increasing 13.2% at HBC's department store banners First Quarter Adjusted EBITDAR of $168 million; Net Loss of $221 million HBC launches…
June 11, 20170Comments

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Business Management Retail Retailer Shopping

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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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 Financial Grocery Management Retail Retailer

SUPERVALU to sell Save-A-Lot business to Onex Corporation for $1.365 billion in cash

MINNEAPOLIS, 2016-Oct-19 — /EPR Retail News/ — SUPERVALU INC. (NYSE:SVU) today (Oct. 17, 2016) announced that it has entered into a definitive agreement whereby an affiliate of Onex Corporation (TSX:OCX) will acquire SUPERVALU’s Save-A-Lot business for$1.365 billion in cash, subject to customary closing adjustments. In connection with the sale, SUPERVALU and Save-A-Lot will enter into a…
October 18, 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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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 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 Management Retail Retailer

SUPERVALU: Sam Duncan intends to retire as President and CEO on February 29, 2016

Bruce Besanko Promoted to Chief Operating Officer Susan Grafton Promoted to Chief Financial Officer MINNEAPOLIS, 2015-10-3 — /EPR Retail News/ — SUPERVALU INC. (NYSE: SVU) today announced that Sam Duncan has informed the Company’s Board of Directors of his intention to retire as President and CEO on February 29, 2016, following the end of the Company’s fiscal…
October 3, 20150Comments

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Business Management Retail Retailer

Dion Rooney appointed Executive Vice President HBC Digital

TORONTO, 2015-9-18 — /EPR Retail News/ — Hudson's Bay Company is pleased to announce today the appointment of Dion Rooney to Executive Vice President, HBC Digital. Mr. Rooney will be responsible for leading the HBC Digital business and delivering an exceptional online experience across all banners. Mr. Rooney joins HBC's Executive Leadership Team and will report directly…
September 18, 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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