Hudson's Bay Company news and archive

Jeremy Scott designs limited edition line for Hudson's Bay

Moschino and Hudson's Bay are teaming up for a limited-edition collection celebrating the latter's 350th anniversary. Designed by Moschino creative director Jeremy Scott, the collaboration will retail solely through Hudson's Bay stores and its ecommerce site. The 11-piece unisex collection reimagines distinctive Moschino Couture pieces with the...

Fashion

Saks Off Fifth teams with Girls Inc. for International Women's Day

International Women's Day is March 8, and to mark the occasion Saks Off Fifth has teamed with Girls Inc. The Hudson's Bay-owned, off-price retailer will host a shopping event at its New York City location on March 6 to benefit the non-profit. Girls Inc. offers mentoring relationships, girls-only safe spaces, and research-based programming to...

Business

Hudson’s Bay shareholders vote overwhelmingly to take company private

Hudson’s Bay Company’s (HBC) shareholders have voted overwhelmingly in favour of a plan to take the Canadian retailer private. In a special meeting held on Thursday, shareholders voted with a 98.28 percent majority in favour of the plan, comfortably surpassing the required favourable vote of at least 75 percent. The resolution also required...

People

Hudson’s Bay appoints Iain Nairn as President

Hudson’s Bay has appointed Iain Nairn as President, effective January 12th, 2020. The company said in a statement that a highly-accomplished retail executive, Nairn has a remarkable track record of driving profitable growth and transformational change at a wide variety of retailers, from specialty to department store formats. He reports directly...

People

Ed Record returns to Hudson's Bay Company as CFO

Hudson's Bay Company announced the return of its chief financial officer Ed Record. The company said in a statement that Record had been on medical leave and will resume his duties effective December 20. In Record's absence, Becky Roof has been in the position of interim chief executive officer. She is a managing director with AlixPartners LLC...

Featured

Business

Q3 net loss widens at Hudson’s Bay Company, same-store sales drop

Hudson’s Bay Company’s (HBC) third quarter comparable sales declined 1.7 percent. Third quarter revenues totalled 1.8 billion Canadian dollars, including 55 million Canadian dollars from liquidating stores at Saks Off 5th, Hudson’s Bay clearance centers, and HBC Netherlands. Digital sales increased 15 percent year-over year due to continued...

Business

Hudson's Bay Company sells Lord + Taylor to Le Tote

Hudson’s Bay Company (HBC) has announced completion of the sale of Lord + Taylor to Le Tote, Inc., a fashion rental subscription service, for 99.5 million Canadian dollars (75 million dollars) in cash and a secured promissory note for 32.2 million Canadian dollars (25 million dollars) payable in cash after two years, subject to customary...

Featured

Business

Hudson’s Bay Company agrees to takeover bid from Baker-led group

Hudson’s Bay Company (HBC) has announced that, it has entered into a definitive arrangement agreement with a group of HBC shareholders backed by Executive Chairman Richard Baker, to take the Company private. The company said in a statement that the shareholder group, who collectively owns approximately 57 percent of the common shares, will be...

People

Lord & Taylor president exits company after one year

Vanessa LeFebvre announced last week that she is leaving her post within Lord & Taylor. The retail executive took over the role of president with the Hudson's Bay-owned retailer last May, following the departure of former president Liz Redbell. LeFebvre joined Lord & Taylor from Stitch Fix, where she served as vice president, women's buying....

Business

Germany’s two largest department stores get go-ahead for merger

The merger of the two largest department stores in Germany, Kaufhof and Karstadt, has been approved by The Federal Cartel Office, Germany's national competition regulator, after the office decided that there were no competition concerns in light of the growing importance of online commerce for consumers. ”We examined the project intensively....

Business

Ivanka Trump out of fashion at Canadian retailer

Ivanka Trump's clothing line is disappearing from the shelves of Canadian retailer Hudson's Bay Company, the firm says, more than a year after some US department stores dropped the items. "Hudson's Bay is phasing out this brand through the fall based on its performance," the company said in an email to AFP. "As part of our regular course of...

Business|UPDATE

HBC refutes media reports suggesting finalisation of Signa JV

Hudson’s Bay Company has clarified through a statement that contrary to recent reports it has not signed a binding agreement to sell or combine its European business or properties. Media reports suggested that it has entered into a deal to sell half of its European business to Austria’s Signa Holding. The reports stated that development would...