By
Reuters
Reuters
Published
Dec 6, 2016
Dec 6, 2016
Canadian retailer Hudson's Bay's quarterly sales rise about 29 pct
By
Reuters
Reuters
Published
Dec 6, 2016
Dec 6, 2016
Canadian department store operator Hudson's Bay Co reported a 28.6 percent rise in quarterly sales, helped by its expansion in Europe and the acquisition of online retailer Gilt.
The company's consolidated retail sales increased to C$3.30 billion in the quarter ended Oct. 29, from C$2.57 billion a year ago.
The retailer reported a net loss of C$125 million in the quarter, compared with a net profit of C$7 million, a year earlier.
The current quarter included gains of C$3 million from the company's joint ventures compared to C$91 million a year ago.
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