Higher Costs Hit Hudson’s Bay in Q4

Hudson's Bay Company

Costs related to the Saks acquisition resulted in a 67% drop in Q4 profit for Hudson’s Bay Company.

Burgess to Lead Hudson’s Bay Digital Division

Hudson's Bay Company

Hudson’s Bay Company launched a new digital division, to be led by Saks Direct pres. Michael Burgess.

Plans Made for Two Toronto Saks Stores

Hudson's Bay Company

Hudson’s Bay Company will open two Saks Fifth Avenue stores in Toronto, one downtown at the flagship Hudson’s Bay store and one full-line store in Toronto’s Sherway Gardens.

Hudson’s Bay CFO Culhane Takes Leave

Hudson's Bay Company

Hudson’s Bay Company said today that its CFO Michael Culhane has taken a leave of absence.

Greller Named Outlets President at Hudson’s Bay

Jonathan Greller

HBC has named Jonathan Greller president of its outlet business, overseeing Saks Off Fifth, four Lord & Taylor outlets and one Hudson’s Bay outlet.

Hudson’s Bay Listed on S&P/TSX Composite Index

Hudson's Bay Company

Hudson’s Bay Company will be listed on the S&P/TSX Composite Index starting after the end of trading today.

Watros Promoted to Hudson’s Bay President

Hudson's Bay Company

Hudson’s Bay Company COO Donald Watros has been promoted to president of HBC, a new role with more responsibilities.

Hudson’s Bay Q3 Net Loss Widens on Saks Acquisition

Hudson's Bay Company

Hudson’s Bay Company saw its net losses widen in Q3, hurt by costs related to its purchase of Saks.

Hudson’s Bay closes Saks acquisition

Saks Fifth Avenue

Hudson’s Bay Company has completed its $2.9 billion acquisition of Saks.

Saks Shareholders Approve Hudson’s Bay Merger

Saks Fifth Avenue

Saks shareholders approve its merger with Hudson’s Bay Company in a move that creates a leading upscale North American fashion retail business.