Hudson's Bay Co. narrowed its loss last quarter amid sales gains in Canada, but the retailer wasn’t firing on all pistons.
On Wednesday, the Toronto-based HBC posted a first-quarter net loss of 80.7 million Canadian dollars, or 67 cents a share ($79.3 million, or 66 cents, at current exchange). That’s an improvement over the year-ago loss of 129.7 million Canadian dollars, or 22 cents.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"