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Hudson's Bay Co (HBC.TO)

HBC.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hudson's Bay To Pay $4.5 Mln To Settle Competition Bureau Investigation
Wednesday, 8 May 2019 

May 8 (Reuters) - Competition Bureau::HUDSON'S BAY TO PAY $4.5 MILLION TO SETTLE COMPETITION BUREAU INVESTIGATION.COMPETITION BUREAU- HUDSON'S BAY SETTLEMENT RESOLVES NEED FOR LITIGATION THAT WAS SCHEDULED TO BEGIN AT COMPETITION TRIBUNAL ON MAY 6.COMPETITION BUREAU - UNDER SETTLEMENT, HUDSON'S BAY WILL ALSO ENSURE THAT MARKETING OF ALL SLEEP SETS COMPLIES WITH PROVISIONS OF COMPETITION ACT.COMPETITION BUREAU - HUDSON'S BAY WILL ESTABLISH & MAINTAIN CORPORATE-WIDE COMPLIANCE PROGRAM "THAT WILL PROMOTE COMPLIANCE WITH THE COMPETITION ACT".COMPETITION BUREAU - HUDSON'S BAY AGREED TO PAY $4 MILLION PENALTY AND $500,000 TOWARDS COMPETITION BUREAU'S COSTS.COMPETITION BUREAU - HUDSON'S BAY TO PAY PENALTY TO RESOLVE PROCEEDING RELATING TO HUDSON'S ADVERTISING & PRICING PRACTICES FOR SLEEP SETS IN CANADA.  Full Article

Hudson's Bay Reports Qtrly Earnings Per Share Of $1.20
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Hudson's Bay Co ::HUDSON'S BAY - QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.95.HBC REPORTS FOURTH QUARTER AND FISCAL 2018 FINANCIAL RESULTS.Q4 SALES C$2.9 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$3.22 BILLION.COMPANY'S Q4 COMPARABLE SALES DECREASED 1.4%, WITH COMPARABLE DIGITAL SALES UP 8.7%.HBC EXPECTS TOTAL CAPITAL INVESTMENTS IN FISCAL 2019, NET OF LANDLORD INCENTIVES, TO BE BETWEEN $300 MILLION AND $325 MILLION.QTRLY EARNINGS PER SHARE $1.20.INVENTORY AS REPORTED ON HBC'S BALANCE SHEET AT END OF Q4 DECLINED BY $854 MILLION COMPARED TO PRIOR YEAR."WE ARE A FAR STRONGER COMPANY TODAY THAN A YEAR AGO, DESPITE SOME OF TOP-LINE CHALLENGES THIS QUARTER".HUDSON'S BAY SAYS STRENGTH OF SAKS FIFTH AVENUE CONTINUED.SAKS FIFTH AVENUE'S Q4 COMPARABLE SALES GREW 3.9%.QTRLY NORMALIZED NET INCOME PER SHARE $0.41.  Full Article

HBC Reports Qtrly Total Loss Per Share C$0.69
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Hudson's Bay Co ::HBC REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 SALES ROSE 5.6 PERCENT TO C$2.2 BILLION.Q3 SAME STORE SALES ROSE 2.9 PERCENT.QTRLY NET LOSS FROM CONTINUING OPERATIONS WAS $124 MILLION COMPARED TO A NET LOSS $116 MILLION IN PRIOR YEAR.EXPECT TO FULLY REPAY $U.S.400 MILLION MORTGAGE ON LORD & TAYLOR FLAGSHIP WHEN WE CLOSE SALE OF BUILDING AT END OF JANUARY.INVENTORY AS REPORTED ON BALANCE SHEET AT END OF Q3 DECLINED BY $907 MILLION COMPARED TO PRIOR YEAR.QTRLY TOTAL LOSS PER SHARE C$0.69.  Full Article

German Regulator Approves Merger Kaufhof, Karstadt
Friday, 9 Nov 2018 

Nov 9 (Reuters) - German Federal Cartel Office::SAYS APPROVES MERGER OF HUDSON'S BAY CO'S HBC.TO KAUFHOF, SIGNA'S KARSTADT.  Full Article

HBC To Focus On Driving Better Performance Of North American Business: CEO
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Hudson's Bay Co ::HUDSON'S BAY CFO SAYS EUROPEAN JV RETAIL EBITDA EXPECTED TO BE HIGHER THAN KAUFHOF STANDALONE EBITDA.HUDSON'S BAY EXPECTS "LIMITED" STORE CLOSURES FROM EUROPE JV - HBC CEO.HBC FOCUS IN COMING MONTHS TO BE ON DRIVING BETTER PERFORMANCE OF NORTH AMERICAN BUSINESS: CEO FOULKES.  Full Article

HBC Provides Update On Lord & Taylor Fifth Avenue Building Sale
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Hudson's Bay Co ::HBC PROVIDES UPDATE ON LORD & TAYLOR FIFTH AVENUE BUILDING SALE.HUDSON'S BAY CO - CLOSING DATE OF SALE HAS BEEN EXTENDED FROM AUGUST 10, 2018 TO NOVEMBER 13, 2018.HUDSON'S BAY CO - MAY ALSO ELECT TO EXTEND CLOSE TO FEBRUARY 11, 2019 BY PROVIDING NOTICE TO WPA.  Full Article

HBC Says Has Not Signed A Binding Agreement To Sell Or Combine Its European Business
Friday, 6 Jul 2018 

July 6 (Reuters) - Hudson's Bay Co ::HBC RESPONDS TO RECENT MARKET RUMOURS REGARDING ITS EUROPEAN BUSINESS.HBC- HAS NOT SIGNED A BINDING AGREEMENT TO SELL OR COMBINE ITS EUROPEAN BUSINESS OR PROPERTIES.HUDSON'S BAY CO - IS IN DISCUSSIONS WITH SIGNA HOLDING GMBH.HUDSON'S BAY CO - HAS SIGNED A NON-BINDING LETTER OF INTENT WITH RESPECT TO EXPLORATION OF A POTENTIAL JOINT VENTURE.  Full Article

Hudson's Bay Q4 Earnings Per Share $0.39
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Hudson's Bay Co ::HBC REPORTS FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS.HUDSON'S BAY CO - Q4 RETAIL SALES INCREASED 2.1% TO $4.7 BILLION; COMPARABLE SALES DECLINED BY 2.4%.HUDSON'S BAY CO QTRLY SAKS FIFTH AVENUE COMPARABLE SALES INCREASED 2.1%.HUDSON'S BAY CO - INVENTORY AT END OF Q4 DECLINED BY $9 MILLION COMPARED TO PRIOR YEAR.HUDSON'S BAY CO QTRLY EARNINGS PER SHARE $0.39.HUDSON'S BAY CO - MANAGEMENT EXPECTS TOTAL CAPITAL INVESTMENTS IN FISCAL 2018, NET OF LANDLORD INCENTIVES, TO BE BETWEEN $450 MILLION AND $500 MILLION.  Full Article

Hudson's Bay Reports Q3 Retail Sales Decreased 4.2 Pct TO $3.2 Bln
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Hudson's Bay Co ::- Q3 RETAIL SALES DECREASED 4.2% TO $3.2 BILLION; COMPARABLE SALES ON A CONSTANT CURRENCY BASIS DECLINED BY 3.2%.SAYS CO'S "TRANSFORMATION PLAN" REMAINS ON TRACK TO GENERATE ANNUAL SAVINGS OF $350 MILLION.QTRLY LOSS PER SHARE $1.33.- MANAGEMENT NOW EXPECTS TOTAL CAPITAL INVESTMENTS IN FISCAL 2017, NET OF LANDLORD INCENTIVES, TO BE BETWEEN $575 MILLION AND $625 MILLION.Q3 EARNINGS PER SHARE VIEW C$-0.74, REVENUE VIEW C$3.41 BILLION -- THOMSON REUTERS I/B/E/S.- INVENTORY AT END OF Q3 DECLINED BY $64 MILLION COMPARED TO PRIOR YEAR.  Full Article

Hbc Announces Agreement With Land & Buildings
Friday, 1 Dec 2017 

Hudson's Bay Co ::HBC ANNOUNCES AGREEMENT WITH LAND & BUILDINGS.HUDSON'S BAY - REACHED AGREEMENT WITH LAND & BUILDINGS TO WITHDRAW APPEAL OF TSX DECISION TO CONDITIONALLY APPROVE EQUITY INVESTMENT BY RHÔNE CAPITAL.HUDSON'S BAY CO - LAND AND BUILDINGS PROVIDED CUSTOMARY STANDSTILL IN FAVOUR OF HBC FOR PERIOD EXTENDING THROUGH HBC'S 2018 ANNUAL GENERAL MEETING.HBC - IF IT ISSUES EQUITY IN DEAL THAT WILL TRIGGER 1-YEAR PRICE PROTECTION, IT WILL DO SO THROUGH RIGHTS OFFERING TO ITS SHAREHOLDERS ON PRO RATA BASIS.HUDSON'S BAY CO - HBC CURRENTLY DOES NOT ANTICIPATE THAT PRICE PROTECTION PROVISIONS WILL BE TRIGGERED​.  Full Article

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WeWork starts $2.9 billion property platform with Canada's CDPQ

NEW YORK The We Company, parent of workspace provider WeWork, said on Wednesday it has created a $2.9 billion real estate investment platform with funding from one of Canada's largest pension funds, building on ties with private equity firm the Rhone Group.