By  on December 6, 2017

The Hudson’s Bay Co., currently underperforming at several of its divisions, sees better days ahead principally through digital initiatives, cost-cutting, new business partnerships, European expansion and monetizing real estate assets.

“While Saks Fifth Avenue and Hudson’s Bay are performing well, our overall third-quarter results did not meet our expectations,” Richard Baker, HBC’s governor, executive chairman and interim chief executive officer, acknowledged Wednesday, after the company reported a net loss of Canadian $243 million compared to $125 million in the prior year.

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