Thursday, September 12, 2019

Hudson’s Bay Co losses widen on lower sales and heavy discounts

Ottawa Citizen
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.

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.. . . more

No comments:

Post a Comment