By  on December 6, 2017

Hudson’s Bay Company posted a third quarter net loss of 243 million Canadian dollars, or $191.8 million, due to lower gross margins, declining sales, and higher costs, compared to a net loss of 125 million Canadian dollars in the year ago period.The company also cited depreciation and amortization costs and a lower income tax benefit, in the last quarter ended Oct. 28.

Third quarter retail sales fell 4.2 percent to 3.2 billion Canadian dollars while comparable sales on a constant currency basis declined by 3.2 percent.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus