Hudson’s Bay Co has posted third quarter results showing a $13 million net loss and normalized earnings of $116 million after sales at the Toronto based retail group almost doubled to $1.913 billion from a year earlier.
Hudson’s Bay Co has posted third quarter results showing a $13 million net loss and normalised earnings of $116 million after sales at the Toronto based retail group almost doubled to $1.913 billion from a year earlier. The acquisition of Saks Fifth Avenue accounted for a large chunk of growth but online sales were also better. Despite losses, the results show an improvement on the previous year.
