HBC: Marc Metrick, President of Saks Fifth Avenue to expand leadership role to include Gilt and Saks OFF 5TH

TORONTO & NEW YORK, 2018-Jan-11 — /EPR Retail News/ — HBC today (January 9, 2018) announced that Marc Metrick, President of Saks Fifth Avenue, will expand his leadership role to include Gilt and Saks OFF 5TH. In this capacity, Mr. Metrick will lead distinct teams and work to ensure that each business remains well positioned to […]

RioCan-HBC JV engages CBRE and Brookfield Financial Real Estate Group to explore possible sale of its Vancouver property

Expects to close $200 million mortgage; proceeds to be distributed to HBC and RioCan Real Estate Investment Trust TORONTO and NEW YORK, 2017-Nov-01 — /EPR Retail News/ — RioCan-HBC JV (“JV”), a joint venture between HBC (TSX: HBC) and RioCan Real Estate Investment Trust (“RioCan” (TSX:REI.UN) announced today (October 30, 2017) that it has engaged […]

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 […]

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 […]

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 Transformation Plan designed […]

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 […]

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 Fourth Quarter net […]

Motor Fuel Group announces the appointment of Paul Deary as head of food services

Motor Fuel Group announces the appointment of Paul Deary as head of food services   Hertfordshire, England, 2017-Jan-30 — /EPR Retail News/ — Top 50 Indies forecourt operator, Motor Fuel Group (MFG) is pleased to announce the appointment of Paul Deary as its new head of food services. Paul joins MFG from Applegreen plc where […]

BRC calls on Government to put consumers first in the forthcoming Brexit talks

LONDON, 2016-Oct-10 — /EPR Retail News/ — The British Retail Consortium has called on Government negotiators to put consumers first in the forthcoming Brexit talks by ensuring their sights are firmly set on keeping shop prices low once the UK leaves the European Union. Pledging a positive and constructive approach to achieving the best possible outcome […]

The BRC announces Richard Baker as its new chairman

LONDON, 2016-Jul-26 — /EPR Retail News/ — The BRC is delighted to announce that Richard Baker will take the reins as Chair of the retail industry’s trade association this autumn. Richard, already on the BRC Board, will start his term of office as Chair on 1 September when Sir Charlie Mayfield stands down after a two-year […]

Motor Fuel Group announces the appointment of Richard Baker as its new retail director

Hertfordshire, England, 2016-May-25 — /EPR Retail News/ — Top 50 Indies forecourt operator, Motor Fuel Group (MFG) is pleased to announce the appointment of Richard Baker as its new retail director. Richard has had a varied and exciting 37 year career with Tesco. Joining them in 1978 as a part-time student, he very quickly progressed through […]

DFS Furniture FY15 sales up 7.0% to £913.1 million YoY

Doncaster, England, 2015-10-8 — /EPR Retail News/ — DFS Furniture plc, (the “Group”), the market leading retailer of upholstered furniture in the United Kingdom today announces its preliminary results for the 52 weeks ended 1 August 2015 (prior year: 53 weeks ended 2 August 2014). Financial Highlights: Group gross sales up 7.0% to £913.1 million […]

HBS Global Properties acquires 41 GALERIA Kaufhof properties from Simon Property Group Inc. for €2.6 billion

Portfolio totals 83 properties with an Asset Value of $4.8 billion(1) NEW YORK, LOS ANGELES & COLOGNE, Germany, 2015-10-5 — /EPR Retail News/ — 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 acquisition of 41 GALERIA […]

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 […]