|Bid||7.78 x 0|
|Ask||7.81 x 0|
|Day's Range||7.77 - 8.17|
|52 Week Range||6.80 - 12.05|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 26, 2019 - Apr 1, 2019|
|Forward Dividend & Yield||0.05 (0.63%)|
|1y Target Est||10.63|
Prudential is out with a new survey showing what Americans think are the most important skills to enter the workforce. Yahoo Finance’s Alexis Christoforous and Prudential Chief Talent Officer Susan Chegwidden discuss.
Baker said in the statement that his “significant ownership” demonstrates his commitment to the retailer, which also owns Saks Fifth Avenue. Hudson’s Bay is in the midst of turnaround efforts after selling off a flagship building in Manhattan, unloading a minority stake and merging with a rival in Germany. Hudson’s Bay, which touched a record low of C$7.14 last week, climbed as much as 13 percent in Toronto Friday to $C8.31, the biggest intraday gain since the end of November.
Canada's main stock index rose on Friday, helped by gains in key energy sector amid a robust 2.5 percent surge in crude oil prices. * The energy sector climbed 2 percent, the most among the 10 sectors trading higher. * At 9:46 a.m. ET (14:46 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 134.23 points, or 0.94 percent, at 14,346.98.
Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:00 a.m. ET.
Richard Baker, who built Hudson’s Bay Co. into a collection of famous department stores, is consolidating his hold on the company by buying a roughly 8% stake held by a large shareholder. The Hudson’s Bay executive chairman and related entities are purchasing roughly 18 million shares owned by the Ontario Teachers’ Pension Plan Board for C$9.45 a share. Mr. Baker and his partners already have a controlling stake in the company, which they hold through various entities.
TORONTO , Jan. 3, 2019 /CNW/ - An entity controlled by Richard A. Baker , Rupert of the Rhine LLC (the "Purchaser"), has entered into an agreement (the "Purchase Agreement") to acquire 17,953,536 common shares (the "Purchased Shares") of Hudson's Bay Company (HBC.TO) from 2380162 Ontario Limited (the "Vendor"), a wholly-owned subsidiary of Ontario Teachers' Pension Plan Board, at a price of Cdn. The acquisition of the Purchased Shares is being made in reliance on the "private agreement exemption" under Section 4.2 of NI 62-104. The Purchaser is an entity controlled directly or indirectly by Richard A. Baker , the Governor and Executive Chairman of HBC, and the Purchaser may be considered a joint actor of L&T B (Cayman) Inc. As a result, L&T B (Cayman) Inc. will be filing an updated early warning report.
The venerable department store famed for its animated holiday windows closed down Wednesday afternoon, ending a blowout sale that left whole floors empty.
After 104 years, Lord & Taylor's flagship store on Fifth Avenue locked its doors forever. The venerable department store famed for its animated holiday windows closed down Wednesday afternoon, ending a blowout sale that left whole floors empty. Forty-five other, smaller Lord & Taylor stores remain open, mostly on the East Coast.
In this article I am going to calculate the intrinsic value of Hudson's Bay Company (TSE:HBC) by projecting its future cash flows and then discounting them to today's value. I Read More...
NEW YORK, NY / ACCESSWIRE / December 13, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
Saks Fifth Avenue and Neiman Marcus have been reporting strong comparable-store sales growth recently -- but their profitability remains unsatisfactory.
Hudson’s Bay Co. narrowed its loss in its third quarter, as the Canadian retailer pointed to an increase in sales, especially at Saks Fifth Avenue, as evidence that its transformation efforts were taking root. The company, which also owns department-store chain Lord & Taylor, said Wednesday comparable sales at its stores rose 2.9%, led by Saks, which saw same-store sales rise 7.3%. Hudson’s Bay said Saks has now recorded six consecutive quarters of comparable sales growth, as it benefits from demand for luxury items and apparel.
Canadian department store chain Hudson's Bay Co reported a wider third-quarter loss on Wednesday on higher depreciation and amortization expenses and foreign exchange losses. HBC, the owner of the Saks Fifth Avenue luxury retailer reported a net loss from continuing operations of C$124 million ($93.36 million), or 52 Canadian cents a share, for the three months ended Nov. 3, compared with a loss of C$116 million, or 64 cents, a year earlier. Including Hudson's Bay's European operations, which are in a joint venture with Austrian Signa Holding, the company posted a net loss of C$164 million, or 69 Canadian cents a share, narrowing from C$243 million, or C$1.33 a share, a year earlier.
TORONTO & NEW YORK-- -- Sales increased 5.6% to $2.2 billion, with comparable sales up 2.9% Saks Fifth Avenue comparable sales up 7.3%, solidifying its leading position in luxury Net loss of $124 million compared to $116 million in the prior year Adjusted EBITDA of $63 million, up from $40 million in the prior year, driven by sales growth and improved gross margin and expense rates Closing of European ...
HBC (HBC.TO) today announced the successful completion of the combination of the retail operations of HBC Europe and SIGNA’s Karstadt Warenhaus GmbH and the formation of the companies’ real estate joint venture.
Activist investor Jonathan Litt on Wednesday renewed call for the sale of the Saks Fifth Avenue brand, while asking owner Hudson's Bay Co to make new board appointments, saying the company's shares were undervalued. Litt, the founder of hedge fund Land & Buildings Investment Management LLC, has criticized the Canadian department store owner in the past for underperformance and mismanagement. Litt wants Hudson's Bay to operate as a real estate company and sell off its retail investments.
HBC is scheduled to announce full financial results for the third quarter ended November 3, 2018 before the opening of the financial markets on December 5, 2018. Senior management will discuss financial results and other matters during a conference call that day at 8:30 AM EST.
For generations, the Lord & Taylor on Fifth Avenue helped define Christmas in New York. It was the city's first department store to turn its big sidewalk windows into animated, theatrical holiday displays. Lord & Taylor plans to close its longtime flagship in January after one last blowout sale.
Eight former employees at the Saks Fifth Avenue flagship store filed a race and age discrimination lawsuit Tuesday against the high-end store and its corporate parent, alleging they were subjected to a hostile work environment and unfairly fired. Attorney Derek Sells said managers for the four black, two white and two Hispanic men engaged in a range of actions including making it difficult to get customers from store foot traffic, using abusive language, not allowing promotions to happen, and letting younger, white colleagues get away with harassing behavior, all with the intention of moving toward a younger, whiter workforce. Some of the plaintiffs said that even when they made sales targets, managers would find other metrics to evaluate them poorly.
HBC (HBC.TO) and Signa today announced that they have received all third party consents to enable the previously announced combination of HBC Europe and Karstadt Warenhaus GmbH’s retail operations and the formation of the real estate joint venture. This clears the way for the closing of the intended transactions, which are expected to be completed at the end of November.
There are a lot of parallels between Hudson's Bay's current position and where Sears Holdings stood several years ago. Here's why Hudson's Bay still is likely to have a happy ending.
BERLIN (AP) — Germany's antitrust authority has cleared the planned merger of the country's two main department store chains, ruling that it doesn't threaten competition at a time when online retail is rising.
Germany's antitrust regulator on Friday approved the planned merger of department store chains Kaufhof and Karstadt, owned by Canada's Hudson's Bay Co (HBC) (HBC.TO) and Austria's Signa Holding. The deal will create a group with 243 department stores in Germany, Belgium and the Netherlands and annual sales of 5.4 billion euros ($6.13 billion). What will become Europe's third biggest department store chain faces stiff competition from e-commerce players such as Amazon (AMZN.O) and online fashion retailer Zalando (ZALG.DE), something the regulator noted in its decision which weighs whether merged companies would dominate their market.