Lord and Taylor

Financials
Hudson’s Bay Struggles Through Q1 Despite Saks Gains

Although Hudson’s Bay has taken a number of significant steps to right its financial course, including winding down its Home Outfitters chain and selling its German operation, the company still posted a bigger first quarter adjusted net loss. The bigger loss came despite improvement at its Saks department store and off-price operations.

Financials
Loss In Q2 Drives Hudson’s Bay To Action

As Hudson’s Bay released its second quarter results including a company-wide 0.4% decrease in comparable sales and a larger loss, the department store retailer said it is forming a strategic partnership for its European business. 

Retail
Hudson’s Bay In Talks With Signa On European Joint Venture

Hudson’s Bay Co. has refuted recent reports it had signed a binding agreement to sell or combine its European business or properties but acknowledged that it is in discussions with Signa Holding GmbH exploring a potential joint venture and has signed a non-binding letter of intent with that firm.

Retail
Hudson’s Bay Forms Strategic Partnership With WeWork

Hudson’s Bay is aiming to reshape its retailing business. The company has formed a series of transactions with WeWork Companies, Rhône Capital and an affiliate of WeWork Property Advisors, a joint venture between WeWork and Rhône, which it said will create a multi-faceted strategic relationship designed to maximize the value of its global real estate assets and position its retail businesses.

Retail
Hudson’s Bay Implements Reorganization Plan

Following a first quarter in which retail sales were down low-single digits, Hudson’s Bay has named a new president of its Canadian division and is implementing a “transformational plan” that includes reducing 2,000 positions company wide.

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