Hudson's Bay posts higher sales; traffic falls at Lord & Taylor

Thu Sep 12, 2013 8:30am EDT
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TORONTO (Reuters) - Hudson's Bay Co (HBC.TO: Quote) reported higher second-quarter sales on Thursday as strong apparel sales at its Canadian namesake stores offset lower customer traffic at its Lord & Taylor chain in the United States.

Adjusted to exclude certain non-recurring items and charges, the company earned C$3.9 million, or 3 Canadian cents a share, in the quarter ended August 3. This compared with an adjusted loss of C$2 million, or 2 Canadian cents a share, for the same period a year ago.

Hudson's Bay posted a 3.9 percent rise in retail sales to C$947.7 million.

(Reporting by Solarina Ho; Editing by Jeffrey Benkoe)