Richard Baker


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...]

HBC Names McKee as Saks Inc. President

Marigay McKee

New York—Hudson’s Bay Company confirmed Monday that Marigay McKee will soon be president of Saks Inc. when HBC’s $2.4 billion deal … [Read more...]

Hudson’s Bay Q2 Profit Misses, But Sales Rise

Hudson's Bay

Toronto—Hudson’s Bay Company reported today a second quarter profit below expectations and a sales increase helped by revamped … [Read more...]

Hudson’s Bay Company to Buy Saks Inc. for $2.4 Billion

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

Toronto and New York—Hudson’s Bay Company confirmed today that it plans to buy Saks Inc. in a $2.4 billion deal that will bring … [Read more...]

Week in Review: Top Accessories, Retail Stories

stuartvevers

New York--Life has its ups and downs and this week had plenty of gains and losses. On the gain side, Saks Inc., parent to Saks … [Read more...]