Following its pending sale of Gilt to Rue La La, Hudson’s Bay revealed a bigger net loss and lower overall comps in the first quarter.
With a new CEO at the helm, Hudson’s Bay’s turnaround strategies helped it improve results and post a profit in the fourth quarter, but sales continued to decline.
Hudson’s Bay has appointed Milton Pappas chief marketing officer, effective immediately.
Hudson’s Bay Company has appointed Ed Burstell as head of partnerships.
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