Hudson’s Bay Exits Germany, Considers Acquisition Proposal

As the corporate board reviews a privatization bid, Hudson’s Bay entered into definitive agreements to sell its remaining stake in its German real estate joint venture and divest a related retail joint venture to its partner, Signa, for $1.5 billion.

TJX Q1 Comps Gain

TJX enjoyed a strong first quarter performance, highlighted by a solid comparable store sales increase above the company’s expectations. 

Nordstrom Sales Fall In Q1

Nordstrom reported that its net sales decreased 3.5% for the first quarter. The company said its top-line results were impacted by three areas— loyalty, digital marketing and merchandise— which contributed to declines across its full-price and off-price businesses, in both stores and online.

Tuesday Morning Faces Headwinds In Q3

Tuesday Morning reported a sales decline and a net loss in its third quarter, and indicated it is boosting its off-price growth strategies as the retailer looks to identify and reinforce its most successful merchandising assortments.

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