By  on June 13, 2019

Richard Baker wants to take Hudson’s Bay Co. private to rejigger the company and first-quarter results showed that, while Saks Fifth Avenue sales were a bright spot and much progress has been made, there is still plenty of work to do.

Earnings for the quarter totaled 275 million Canadian dollars and included a boost of 817 million Canadian dollars from the sale of the Lord & Taylor Fifth Avenue flagship. With that gain, the quarter marked an improvement from year-ago losses of 398 million Canadian dollars.

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