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Hudson's Bay Co (HBC.TO)

HBC.TO on Toronto Stock Exchange

11.73CAD
18 Jan 2018
Change (% chg)

$0.09 (+0.77%)
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Latest Key Developments (Source: Significant Developments)

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

Hudson's Bay Provides Update Regarding Strong Shareholder Support For Rhone Capital Equity Investment
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Hudson's Bay Co ::HUDSON'S BAY COMPANY PROVIDES UPDATE REGARDING STRONG SHAREHOLDER SUPPORT FOR RHÔNE CAPITAL EQUITY INVESTMENT.HUDSON'S BAY CO - ‍SHAREHOLDERS REPRESENTING ALMOST TWO-THIRDS OF HBC'S OUTSTANDING COMMON SHARES HAVE NOW CONFIRMED THEIR SUPPORT FOR THE TRANSACTIONS​.HUDSON'S BAY- ‍PROVIDES UPDATE ON SHAREHOLDER SUPPORT FOR RHÔNE CAPITAL'S $500 MILLION EQUITY INVESTMENT OF 8-YEAR MANDATORY CONVERTIBLE PREFERRED SHARES​.  Full Article

Hudson’S Bay Company responds to appeal of TSX conditional approval for Rhône Capital Equity Investment
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Hudson's Bay Co :Hudson’S Bay Company responds to appeal of tsx conditional approval for Rhône Capital Equity Investment.Provided update related to Rhône Capital's Equity Investment of U.S. $500 million in form of 8-year mandatory convertible preferred shares​.Hudson's Bay says received notice of an appeal by land & buildings regarding TSX decision to conditionally approve Rhône Capital's Equity Investment​.Hudson's Bay says "‍will seek to have tsx decision confirmed" regarding Rhône Capital's Equity Investment​ and "appeal dismissed on an expedited basis".Hudson's Bay says ‍will continue to proceed with fulfilling all regulatory requirements to close Rhône Capital's Equity Investment​.  Full Article

HBC appoints Milton Pappas to chief marketing officer
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Hudson's Bay Co :HBC appoints Milton Pappas to Chief Marketing Officer.Hudson's Bay Co - ‍Pappas joined HBC in September 2016 as senior vice president, digital marketing​.  Full Article

Hudson's Bay says will consider proposal by Signa
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Hudson's Bay Co :Hudson's Bay Co ‍responds to Land & Buildings' press release issued on November 1, 2017​."‍HBC board will review conditional, non-binding, preliminary proposal by Signa in accordance with its fiduciary duties​".  Full Article

Signa confirms has submitted offer for Hudson's Bay's Kaufhof‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Signa Spokesman :Confirms has submitted offer for Hudson's Bay's <<>> Kaufhof‍​.  Full Article

‍land & Buildings Investment Management issues letter to Hudson's Bay shareholders
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - ‍Land & Buildings Investment Management Llc::‍Land & Buildings Investment Management Llc issued letter to shareholders of Hudson's Bay Co.‍Land & Buildings Investment Management Llc - Hudson's Bay board should "seriously consider" reported Signa fully financed EUR 3.0 billion offer for its European business​.  Full Article

Riocan-HBC JV to explore possible sale of Vancouver property
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Riocan-HBC JV::Riocan-HBC joint venture to explore possible sale of vancouver property.Says has engaged CBRE and Brookfield Financial Real Estate Group to explore a possible sale of its Vancouver property.Says expects to close on $200 million mortgage on Vancouver property, proceeds of loan to be distributed on a pro-rata basis to JV partners ​.  Full Article

HBC head says sees no reason to change Europe strategy
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Hbc :Head says sees no reason to change europe strategy.Head says we have no intention of selling German department store chain Kaufhof.  Full Article

Neiman Marcus to replace Karen Katz with new CEO-WSJ

Jan 4 Luxury retailer Neiman Marcus Group Ltd is preparing to appoint a new a chief executive, the Wall Street Journal reported on Thursday, citing people familiar with the situation.