(Reuters) - Canadian department store operator Hudson’s Bay Co (HBC.TO) 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.
Reporting by John Benny and Swetha Gopinath in Bengaluru; Editing by Shounak Dasgupta