HBC has also announced that it will reduce its employee base by approximately 2,000 positions in order to make the company more nimble.
The retailer’s new philanthropic arm has promised to raise $6 million in the next three years to support mental health programs in the U.S.
Dr. Link will lead the company’s expansion and growth strategy for the European business including Galeria Kaufhof, Galeria Inno, and the entrance of Hudson’s Bay and Saks Off 5TH.
HBC executives, including Richard Baker, Jerry Storch and Marc Metrick, previewed the retailer’s collection of art by such world-renowned figures as Jeff Koons and Robert Rauschenberg.
The Canadian company’s consolidated retail sales increased 59.6 percent to $3.25 billion, primarily as a result of the addition of HBC Europe and Gilt.
Hudson’s Bay Company has closed a new $400 million, five-year mortgage on the Lord & Taylor flagship property in New York City, to refinance the existing mortgage of $250 million due September 2017.
Hudson’s Bay Company has announced that Bonnie Brooks, vice chair of HBC, will retire on December 31 after a 40-year career in retail.
Hudson’s Bay Company reported consolidated retail sales of $3,303 million, an increase of 59.4 percent from the prior year, primarily as a result of the addition of HBC Europe and Gilt.
Hudson’s Bay Company’s Richard Baker and his wife Lisa hosted a cocktail reception for artists Brassesco & Lazlo Passi Norberto at the rooftop of Lord & Taylor’s Fifth Avenue flagship store on Thursday.
Canada-based retailer Hudson’s Bay Company has announced that it is expanding its European presence with plans for up to 20 new stores in the Netherlands over the next 24 months.
Canadian retail giant Hudson’s Bay Co., owner of such stores as Saks Fifth Avenue, OFF 5th and Lord & Taylor, has released its fourth quarter and Fiscal 2015 financial results.
On Wednesday, February 17, Saks Fifth Avenue president Marc Metrick and designer Phillip Lim hosted a private dinner and store preview to celebrate the opening of its first store in Canada at CF Toronto Eaton Centre.
In an era of unprecedented disruption, transformation and reinvention, we salute the Risk Takers, the Iconoclasts, the Visionaries, the Fighters in the Trenches, and all those with the wisdom and the courage to embrace change.
Hudson’s Bay Company, the Canadian-based retailer which owns Saks Fifth Avenue and Lord & Taylor, has announced primarily positive third-quarter results, a change from most other major department stores.
The HBC History Foundation is enlisting Man in Motion hero Rick Hansen to celebrate the explorer and surveyor David Thompson in its second Country of Adventurers history segment.
Hudson’s Bay Company has finalized the acquisition of the parent company of Germany’s GALERIA Kaufhof and Belgium’s only department store, Galeria INNO.
Hudson’s Bay Company, the owner of Lord & Taylor and Canada’s Hudson’s Bay department store, will buy Saks Inc. for $2.9 billion ($16 per share).
Hudson’s Bay Company, owner of The Bay in Canada and Lord & Taylor in the US, has filed an initial public offering with securities regulators in Canada.