June 9, 2017 / 1:46 PM / 4 months ago

Saks owner Hudson's Bay shares sink to record low after job cuts, loss widens

TORONTO, June 9 (Reuters) - Canadian department store operator Hudson’s Bay Co shares plunged on Friday, touching an all-time low as the company announced a major restructuring plan that will cut 2,000 jobs, and reported a loss that was wider than expected and bigger than the previous quarter.

Shares sank 68 Canadian cents, or 7.1 percent, to C$8.94, lower than its previous low of C$8.97 hit on January 12. (Reporting by Solarina Ho; Editing by Chizu Nomiyama)

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