|Bid||9.05 x 0|
|Ask||9.06 x 0|
|Day's Range||8.95 - 9.06|
|52 Week Range||8.02 - 12.77|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 4, 2018 - Dec 10, 2018|
|Forward Dividend & Yield||0.05 (0.54%)|
|1y Target Est||11.25|
HBC (HBC.TO) today announced that it has entered into an amendment to its lease for the Hudson’s Bay location at Oakridge Centre in Vancouver, BC. In exchange for certain concessions and approvals related to the redevelopment of Oakridge Centre, HBC has received $151.5 million, which has been used to repay borrowings on the Company’s revolving credit facility. As part of the amendment, HBC agreed to relocate Hudson’s Bay to a new location within the redeveloped Oakridge Centre, where it will remain a retail anchor and pay similar rent as its existing lease. Construction of the new location is expected to be completed in 2022, at which time HBC will receive an additional $21 million to outfit the new store, which is expected to open in 2023.
NEW YORK, NY / ACCESSWIRE / September 27, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Hudson's Bay announced plans to sell a roughly 50% stake in its European operations to its biggest competitor there. It also reported that its profitability improved again in the second quarter.
Canada's Hudson's Bay Co reported a second-quarter loss on Wednesday as sales fell at its Lord & Taylor and Saks OFF 5th divisions even as improved margins boosted its adjusted earnings, and shares surged nearly 5 percent in morning trading. Chief Executive Officer Helena Foulkes said the department store operator, which announced a joint venture in Europe with Austrian rival Signa Holding on Tuesday, will now focus on turning around the underperforming divisions. "We've made some poor decisions over the last few years that have hurt (the Saks OFF 5th brand's) profitability," Foulkes, who became chief executive in February, told Reuters.
Stock futures pointed to a lower opening for Canada's main stock index on Wednesday, as the latest escalation in the China-U.S. trade war weighed on investor sentiment. President Donald Trump said on Tuesday ...
If you’re interested in Hudson’s Bay Company (TSE:HBC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock couldRead More...
Canadian department store operator Hudson's Bay Co said on Wednesday its second-quarter loss widened due to lower sales from its Lord & Taylor, Hudson's Bay and Saks OFF 5th banners. The owner of the Saks ...
TORONTO & NEW YORK-- -- Total sales decreased 2.0% to $2.2 billion; total comparable sales declined 0.4%, Saks Fifth Avenue comparable sales growth of 6.7% highlights strength of HBC’s largest banner Net loss was $147 million for the quarter compared to $100 million in the prior year; Year-to-date net loss of $281 million compared to $203 million in the prior year Adjusted EBITDA of $33 million, up ...
Hudson’s Bay Co. said Tuesday it has agreed to sell and combine parts of its European business with Signa Retail Holdings of Austria, in the latest in a series of sales by the Canadian retailer. Under the deal, Hudson’s Bay will merge its European retail operations with the Austrian company’s German department-store chain Karstadt Warenhaus GmbH. Signa will also acquire 50% of Hudson’s Bay’s German real-estate assets, valued at €3.25 billion ($3.77 billion), and form a 50-50 joint venture to manage them.
(Adds Aspen, Iliad, ArcelorMittal, Hudson's Bay, Elementis, updates Alibaba) Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** Aspen Pharmacare ...
Hudson's Bay Co (HBC) and Signa Holding agreed on Tuesday to merge Germany's Galeria Kaufhof and Karstadt chains to form Europe's third-biggest department store chain as they battle online rivals, sending HBC shares surging. Austria's Signa will hold a 50.01 percent stake in the combined retail company to be created by the merger, with HBC possessing the rest.
Hudson's Bay Co (HBC) and Signa Holding agreed on Tuesday to merge Germany's Galeria Kaufhof and Karstadt chains to form Europe's third-biggest department store chain as they battle online rivals, sending HBC shares surging. The combined group will have annual sales of around 5.4 billion euros ($6.3 billion), putting it behind Spain's El Corte Ingles and Britain's Marks and Spencer, market research provider Euromonitor International data shows.
Canada's main stock index touched over three-month lows on Tuesday led by declines in materials companies amid the ongoing Sino-U.S. trade dispute and uncertainty over the future of NAFTA trade pact. * ...
Hudson's Bay Company (HBC.TO) and Signa Holding will merge Germany's Galeria Kaufhof and Karstadt to form Europe's third biggest department store chain as they battle online rivals. The combined department store group will have annual sales of around 5.4 billion euros (4.84 billion pounds), putting it behind Spain's El Corte Ingles and Britain's Marks and Spencer (MKS.L), market research provider Euromonitor International data shows. Amazon's advance in Germany, its second biggest market after the United States, has come at the expense of groups such as Kaufhof and Karstadt, while online fashion retailer Zalando (ZALG.DE) has taken a chunk of spending on shoes and clothes.
BERLIN (AP) — Germany's two main department store chains are set to merge in a deal under which Canada-based Hudson's Bay Co. will form a joint venture with Austria's Signa.
Germany's two major department store chains Galeria Kaufhof and Karstadt will merge, owners Hudson's Bay Company and Signa Holding said in a joint statement on Tuesday. Canadian retail giant Hudson's Bay, ...
HBC (HBC.TO) today announced it entered into definitive agreements with SIGNA Retail Holdings (“SIGNA”), a leading European retail and real estate operator, to form a strategic partnership for its European retail and real estate assets.
HBC is scheduled to announce full financial results for the second quarter ended August 4, 2018 before the opening of the financial markets on September 12, 2018. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST.
DUESSELDORF/BERLIN (Reuters) - Germany's two major department store chains Kaufhof and Karstadt have agreed to merge, several sources close to the deal told Reuters on Thursday, in the latest changes to the retail sector brought by fierce competition from ecommerce players. Canada's Hudson's Bay (HBC.TO), which bought Kaufhof in 2015, has agreed to a joint venture with Austria's Signa Holding, which owns Karstadt and will own 51 percent in the new business, to be led by Karstadt boss Stephan Fanderl, the sources said.
DUESSELDORF/BERLIN, Sept 6 (Reuters) - Germany's two major department store chains Kaufhof and Karstadt have agreed to merge, several sources close to the deal told Reuters on Thursday, in the latest changes to the retail sector brought by fierce competition from ecommerce players. Canada's Hudson's Bay, which bought Kaufhof in 2015, has agreed to a joint venture with Austria's Signa Holding, which owns Karstadt and will own 51 percent in the new business, to be led by Karstadt boss Stephan Fanderl, the sources said.
Creditors of Hudson's Bay have agreed to a merger of the Canadian retailer's German department store chain Kaufhof with rival Karstadt, owned by Austria's Signa Holding, German daily Sueddeutsche Zeitung ...
Hudson's Bay rolls out the official striped carpet at Roy Thomson Hall for the 43rd Toronto International Film Festival with Lamar Johnson, The Hate U Give
Hudson's Bay Company and Signa Holding have agreed to merge Germany's two major department store chains as they seek to respond to fierce competition from ecommerce players. As Thuy Ong reports, Kaufhof and Karstadt have fallen on hard times in the last decade.