Sales Jump on Acquisitions, but HBC’s Loss Missed Estimates, Lowers Forecast

Toronto and New York—While its recent European acquisitions helped with a 34% sales increase, Hudson’s Bay Company today reported an adjusted loss that missed analysts’ estimates. For the three months ended Oct. 31, the parent of Lord & Taylor and Saks posted a net profit was C$1 million, or 1 Canadian cent, compared with a […]

The post Sales Jump on Acquisitions, but HBC’s Loss Missed Estimates, Lowers Forecast appeared first on Accessories Magazine.