Canadian retailer Hudson's Bay sales jump 87 pct on Saks buy

Fri Sep 12, 2014 7:22am EDT
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Sept 12 (Reuters) - Canadian retailer Hudson's Bay Co's quarterly revenue jumped 87 percent, bolstered by its purchase of U.S. luxury chain Saks Inc last year.

Retail sales jumped to C$1.77 billion ($1.60 billion) from C$948 million.

Net loss more than halved to C$36 million, or 20 Canadian cents per share, in the second quarter ended Aug. 2 from C$81 million, or 68 Canadian cents, a year earlier. (1 US dollar = 1.1040 Canadian dollar) (Reporting by Ashutosh Pandey in Bangalore; Editing by Saumyadeb Chakrabarty)