×
489
Fashion Jobs
MAJE
Supervisor - Selfridges, London
Permanent · LONDON
HARRODS
Technogym -Wellness Consultant
Permanent · LONDON
TOO FACED
Business Manager - Boots Brentwood, UK
Permanent · BRENTWOOD
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
TOO FACED
Business Manager - Boots, Brent Cross
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
TOO FACED
Business Manager - Boots Chelmsford
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - Debenhams, Oxford Street
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
Advertisements

Hudson's Bay Co losses widen on lower sales, heavy discounts

By
Reuters
Published
today Sep 12, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Canadian department store operator Hudson’s Bay Co reported a wider second-quarter loss on Thursday, hurt by several shuttered stores, heavy discounting and declining sales at the retailer’s namesake brand.


Reuters




The Toronto-based company has been fighting a tough retail environment as e-commerce behemoth Amazon.com Inc and other department stores such as Macy’s and Nordstrom Inc continue to swoop up more customers with discounts.

“The promotional activity in luxury was exceptionally intense in the second quarter and a notable change from the first quarter”, Chief Executive Officer Helena Foulkes said.

Brands Saks Fifth Avenue and Saks Off 5th, however, performed well in the quarter. Comparable sales at Saks Fifth Avenue rose 0.6% and that at Saks OFF 5TH climbed 3.4%.

Retail sales at the company fell marginally to C$1.83 billion from a year earlier.

Over the past few years Hudson’s Bay has been closing stores and selling businesses to sustain business. Last month, it said it would sell its Lord + Taylor department store business to fashion rental service company Le Tote Inc for about $100 million.

The company’s net loss from continuing operations widened to C$462 million, or C$2.51 per share in the quarter ended Aug. 3, from C$104 million, or 58 Canadian cents a year earlier.

Total revenue fell to C$1.85 billion from C$1.86 billion.   

© Thomson Reuters 2019 All rights reserved.