×
1 844
Fashion Jobs
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
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
By
Reuters
Published
Dec 11, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Saks owner Hudson's Bay reports 34% rise in third-quarter sales

By
Reuters
Published
Dec 11, 2015

Canadian department store operator Hudson's Bay Co posted a 34 percent rise in quarterly sales, helped by higher same-store sales in North America and Europe and strong online sales.

However, the company cut its sales forecasts for 2015 and 2016, citing among other reasons the impact of terrorism incidents on its businesses in Belgium and Germany.


The company, which has been opening stores in North America including Saks and Saks Off 5th, said total same-store sales rose 12.9 percent in the third quarter.

Overall online sales jumped 36.3 percent in the quarter ended Oct. 31.

The company, which bought Germany's Kaufhof department store chain in June from Metro (MEOG.DE) for 2.8 billion euros to expand into Europe, said last month it was planning more acquisitions.

Hudson's Bay also plans to increase sales significantly over the next five years at about 136 Kaufhof stores in Germany and Belgium.

North American retailers are hoping for a strong holiday season after a less-than-exciting back-to-school quarter, which led to a selloff in retail stocks.

Hudson's Bay cut its 2015 sales forecast to C$10.7 billion- C$11.2 billion from C$11.0 billion-C$11.5 billion.

The company reduced its 2016 sales guidance to C$14.2 billion-C$15.2 billion, from C$14.5 billion-C$15.5 billion.

Hudson's Bay said on Thursday total sales rose to C$2.57 billion ($1.89 billion) in the third quarter, from C$1.91 billion a year earlier.

Net profit was C$1 million, or 1 Canadian cent, compared with a net loss of C$13 million, or 7 Canadian cents per share.

Excluding certain items, the company posted a loss of 4 Canadian cents per share.

Analysts had expected a profit of 2 Canadian cents per share on revenue of C$2.69 billion, according to Thomson Reuters I/B/E/S.

Up to Thursday's close of C$19.90, the Toronto-based retailer's stock had fallen 19 percent this year.

(Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Maju Samuel)


 

© Thomson Reuters 2021 All rights reserved.

Tags :
Retail