Saks

Retail
Hudson’s Bay Weighs Going Private Offer

A special committee of the board of directors of Hudson’s Bay Company has issued an update on its ongoing review of the June 10 proposal for the privatization of the company from a group of HBC shareholders, including HBC’s governor and executive chairman, at a price of $9.45 per share in cash.

Retail
Hudson’s Bay CFO Takes Medical Leave Of Absence

Hudson’s Bay said its chief financial officer, Ed Record, will be taking a medical leave of absence, effective June 17. In his absence, the company has appointed Becky Roof as interim CFO.

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.

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