×
2 095
Fashion Jobs
SHISEIDO
Bareminerals Account Manager - Hof Bluewater (35 Hours)
Permanent · Dartford
SHISEIDO
Laura Mercier Account Manager - Harvey Nichols, Edinburgh
Permanent · Edinburgh
ESTÉE LAUDER
Origins - Online Trading Manager - Brand Site
Permanent · London
ESTÉE LAUDER
Multi Brand - Multi Brand Business Manager - House of Fraser, Rushden Lakes - 37.5 Hours - Full-Time - Permanent
Permanent · Rushden
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 36 Hours - Full Time - Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Leeds, Trinity - Boots - 26 Hours - Part-Time, Permanent
Permanent · Leeds
ESTÉE LAUDER
Clinique - Consultant - Halifax, Harveys - 15 Hours - Part-Time, Permanent
Permanent · Halifax
ESTÉE LAUDER
Aveda - Account Manager - House of Fraser-White City, London - 30 Hours - Full Time, Permanent
Permanent · London
FOREO
E-Key Account Manager
Permanent · London
FOREO
Marketing Manager
Permanent · London
VF INTERNATIONAL
Warehouse Trainer And Instructor
Permanent · COALVILLE
OUTSIDE THE BOX RECRUITMENT
Account Manager Kidswear
Permanent · LONDON
THE KOOPLES
Regional Manager London
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Digital Marketing And e Commerce Manager
Permanent · LONDON
ESTÉE LAUDER
Estee Lauder - Consumer Campaign Email Marketing Executive
Permanent · London
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
NEW BALANCE
Marketing Director, Emea
Permanent · Warrington
EASTPAK
Credit Controller - French Speaking - Eastpak
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - German Speaking - The North Face
Permanent · CALVERTON
CONFIDENTIAL
Regional Manager London
Permanent · LONDON
ESTÉE LAUDER
la Mer - Business Manager - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
VF INTERNATIONAL
dc Inventory Control Supervisor
Permanent · COALVILLE
Advertisements
By
Reuters
Published
Sep 12, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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

By
Reuters
Published
Sep 12, 2019

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 2021 All rights reserved.