May 6, 2019 / 5:30 PM / 6 months ago

BUZZ-Hudson's Bay Co: Rises on exploring options for Lord + Taylor

** Department store retailer’s shares rise ~3% to C$7.61 after announcing plans to pursue strategic alternatives for its Lord + Taylor unit

** Alternatives include sale or merger for the store which has struggled to attract shoppers

** HBC has said it would close up to 10 Lord + Taylor locations. Chain had 45 stores and three outlet shops, as of Feb. 2

** HBC has shut underperforming stores, sold its unprofitable online brand Gilt & entered into a JV for its European business

** Q4 same-store sales at Hudson’s Bay, Lord & Taylor and Home Outfitters fell 5.2%, the company said on April 3, while total Q4 comparable sales slipped 1.4%

** Including today’s gains, stock up ~4% YTD (Reporting by Shanti S Nair in Bengaluru)

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