December 5, 2016 / 10:27 PM / a year ago

Canadian retailer Hudson's Bay's quarterly sales rise about 29 percent

(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

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below