Richard Baker


HBC to Expand into Europe with $2.73B Purchase of German Dept. Store

Galeria Kaufhof store in Frankfort

Toronto—After making inroads into dominating the North American department store market with the addition of Lord & Taylor and … [Read more...]

Despite Sales Increase, Hudson’s Bay Co. Posts $54 Million Q1 Loss on Costs

Hudson's Bay

Toronto--Hudson’s Bay Company reported Wednesday a $54 million swing into a first quarter loss due to administrative costs even as … [Read more...]

Rumor: Hudson’s Bay Company Eyeing Dillard’s?

Dillard's storefront

Little Rock, AR—Dillard’s, the predominantly Southern-based department store, is apparently an acquisition target for … [Read more...]

HBC Q3 Loss Narrows, Sales Double with Saks’ Help

One-of-a-kind creations by Michael Southgate featured in Saks Fifth Avenue flagship's Holiday Windows

Toronto—Its acquisition last year of Saks Inc. enabled Hudson Bay Co. to nearly double its retail sales and post a smaller third … [Read more...]

HBC Takes $1.25 Billion Mortgage on Saks Flagship

Saks Fifth Avenue's New York flagship, one of the prime retail locations in the world

Toronto--Hudson’s Bay Company (HBC) announced a $1.25 billion 20-year mortgage on the ground floor of the Saks flagship in … [Read more...]

Saks to Open Second NYC Store in Financial District

Brookfield-Pavilion

Toronto and New York--Hudson’s Bay Company announced today that it has signed a lease with Brookfield Property Partners L.P. … [Read more...]

Sales Surge Helps Hudson’s Bay Co. Narrow Q2 Loss

bay days

Toronto—Canadians are jumping all over Hudson's Bay Co. discount brand Saks Fifth Avenue Off 5th. Saks Fifth Avenue Off 5th … [Read more...]

Hudson’s Bay Swings into Q1 Profit on Sales Boost

Hudson's Bay

Toronto—Hudson’s Bay Company reported Tuesday that it swung into first quarter profit thanks to more than doubling its retail … [Read more...]

Hudson’s Bay Co. Q4 Profit Down on Costs, Sales Up 73.6%

Hudson's Bay

Toronto—Hudson’s Bay Company today reported that its fourth quarter profit plunged 67% as expenses rose, but net sales also rose … [Read more...]

HBC Fetes New President Liz Rodbell

HUDSON'S BAY COMPANY Celebrates New President LIZ RODBELL

New York—The Grill Room of the Four Season Restaurant is one of New York’s top power lunch spots. So what better location to hold … [Read more...]

HBC to Open 2 Saks Fifth Avenue Stores in Toronto

HBC

Toronto—When Hudson’s Bay Company bought Saks Inc. last summer for $2.4 billion, speculation arose about how many Saks Fifth … [Read more...]

Q3 Loss Widens at Hudson’s Bay on Saks Acquisition

Hudson's Bay

Toronto— Hit by expenses associated with its acquisition of Saks Inc., Hudson’s Bay Company today said it swung into a wider third … [Read more...]