×
1 813
Fashion Jobs
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
REISS
Buying Admin Assistant
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Boots Glasgow Silverburn (37.5 Hours)
Permanent · Glasgow
SHISEIDO
Bareminerals Account Manager - House of Fraser Guildford (37.5 Hours)
Permanent · Guildford
SHISEIDO
Laura Mercier Account Manager - John Lewis Bluewater (37.5 Hours)
Permanent · Dartford
SHISEIDO
Nars Stock Manager - Selfridges London (37.5 Hours)
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots-Oxford Street, London - 7.5 Hours - Part-Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots, Eastbourne - 5.5 Hours - Part Time, Permanent
Permanent · Eastbourne
MONCLER
Store Operations Manager - Flagship London
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Barkers, Northallerton - 5.5 Hours - Part Time, Permanent
Permanent · Northallerton
BURBERRY
App Officer - Sloane Street
Permanent · LONDON
360 TALENT LONDON
​Sales Supervisor
Permanent · LONDON
ESTÉE LAUDER
Consumer Marketing & Event Coordinator, Mac And jo Malone London - Travel Retail Emea (Based London)
Permanent · London
EASTPAK
Multilingual Credit Controller - Eastpak (English Plus Any European Language)
Permanent · CALVERTON
ESTÉE LAUDER
Digital Marketing Executive - Travel Retail Emea
Permanent · London
ESTÉE LAUDER
Mac - Consumer Engagement And Marketing Director
Permanent · London
GUCCI LIMITED
Gucci Merchandising Manager - North Europe
Permanent · LONDON
OLIVER SPENCER
Fabric cO-Ordinator For Luxury Menswear Brand
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Next, Metro Gateshead (34 Hours)
Permanent · Gateshead
Advertisements
By
Reuters
Published
Apr 3, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hudson's Bay profit bests on Saks Fifth Avenue, online strength

By
Reuters
Published
Apr 3, 2019

Hudson’s Bay Co on Wednesday reported a quarterly profit that topped estimates, as sales at its Saks Fifth Avenue stores rose during the holiday shopping season and the Canadian company benefited from an increase in online sales.


Comparable sales at Saks rose almost 4 percent - Saks Fifth Avenue


Comparable sales at Saks rose almost 4 percent, while the company’s total comparable digital sales, which includes online transactions, rose 8.7 percent in the quarter.

Chief Executive Helena Foulkes said Saks Fifth Avenue stores outside New York City fueled sales, as the iconic Fifth Avenue flagship in Manhattan was undergoing renovation.

“Saks has been particularly good at identifying both top stores and top customers to invest in, and I see that as a real opportunity at Hudson’s Bay,” Foulkes told Reuters.

The company’s total fourth-quarter comparable sales decreased 1.4 percent. Same-store sales at Hudson’s Bay, Lord & Taylor and Home Outfitters tumbled 5.2 percent in the quarter.

Foulkes said the company had an opportunity to win Sears Canada Inc customers after the struggling retailer shuttered its stores but “took it too far” by adding too much merchandise at too many Hudson’s Bay department stores aimed at appealing to a lower-end customer.

HBC, which has been shutting underperforming stores to cut costs, posted a C$226 million ($170 million) loss from continuing operations in the fourth quarter, on the back of a restructuring charge of C$194 million.

The company also entered into a joint venture for its European business, sold its unprofitable online brand Gilt and has said it will close up to 10 struggling Lord & Taylor stores after selling the brand’s flagship building in Manhattan.

After adjusting for one-time items, the company earned 41 Canadian cents per share, beating the analyst average estimate of 25 Canadian cents, according to IBES data from Refinitiv.

Hudson’s Bay shares were flat in early Wednesday trade.

© Thomson Reuters 2021 All rights reserved.