June 5, 2018 / 2:49 PM / 6 months ago

BUZZ-Hudson's Bay Co: Falls on dismal results, plans to sell Gilt

** Canadian department store chain’s shares fall 4.4 pct to $10.15 after co reports bigger quarterly loss

** Hudson’s Bay plans to sell its unprofitable online banner Gilt and close up to 10 Lord & Taylor stores, including its flagship Manhattan outlet

** Co says Lord & Taylor store in Manhattan to close by the end of 2018 and most of the other closures coming in the first quarter of 2019

** HBC reports net adj. loss of C$286 mln compared with analysts’ expectation of C$200.5 mln, as per TR I/B/E/S

** More than 189,753 shares traded, 1.0 times their 30-day moving avg

** Up to Monday’s close, stock had fallen nearly 6 pct YTD on the Toronto Stock Exchange

$1 = 1.2967 Canadian dollars Reporting by Laharee Chatterjee in Bengaluru

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