By  on September 12, 2013

Costs associated with its pending acquisition of Saks Inc. pushed Hudson's Bay Co. into the red during the second quarter.
 
Hudson's net losses for the quarter totaled 82.3 million Canadian dollars, or $79.8 million, and compared with earnings of 22.2 million Canadian dollars, or $21.8 million, a year earlier.

Financing costs more than tripled to 76.9 million Canadian dollars, or $74.5 million, in the quarter as the company prepared for its $2.9 billion acquisition of Saks.

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