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Latest Hudsons Bay (HBAYF) Headlines

Hudson's Bay closes sale of real estate for USD650m
M2 - Wed Feb 26, 3:06AM CST
Hudson's Bay Company (HBC) (TSX:HBC), an operator of department and superstores in the US and Canada, revealed on Tuesday that it closed the sale of its Queen Street flagship store and Simpson Tower office complex in Toronto for USD650m, to the Cadillac Fairview Corporation Limited.

Hudson's Bay Company Completes $650 Million Real Estate Sale
Business Wire - Tue Feb 25, 11:22AM CST
Hudson's Bay Company ("HBC" or the "Company") (TSX: HBC) is pleased to announce that it has completed the sale of its Queen Street flagship store and Simpson Tower office complex in Toronto to The Cadillac Fairview Corporation Limited ("Cadillac Fairview") for a purchase price of $650 million at an implied capitalization rate of approximately 4.75%. HBC has leased both the Queen Street store and Simpson Tower back from Cadillac Fairview for a base term of 25 years, with renewal terms available at the Company's option. As previously announced, the Queen Street property will serve as the site of Canada's first Saks Fifth Avenue location, expected to open in the fall of 2015.

The Wedding Co. Unveils New Boutique-Style Wedding Show
CNW Group - Tue Jan 28, 12:41PM CST
"The Wedding Room" Features 100 Modern and Local Vendors Catering to Discerning Couples; Famed Bridal Designer Pnina Tornai To Make Personal Appearance

Hudson's Bay Company Taps Douglas Scovanner for Interim Finance Lead
Business Wire - Mon Jan 27, 7:00AM CST
Hudson's Bay Company ("HBC" or the "Company") (TSX: HBC) has appointed Douglas Scovanner as Executive Vice President of Finance and Accounting, on an interim basis. This appointment gives Scovanner day-to-day responsibilities for the company's Financial Planning, Asset Protection, and Accounting functions. Prior to this appointment, Scovanner spent nearly two decades at Target Corporation, most recently as Executive Vice President and Chief Financial Officer.

New mobile shopping app launched for Hudson's Bay and Lord & Taylor
M2 - Fri Jan 24, 5:59AM CST
The HBC Department Store Group, a division of retailing company Hudson's Bay Company (TSX:HBC.TO), announced on Thursday the launch of a new mobile shopping application for both Hudson's Bay and Lord & Taylor.

Hudson's Bay names COO as acting CFO
M2 - Thu Jan 23, 3:59AM CST
Retailing company Hudson's Bay Company (TSX:HBC.TO) announced on Wednesday that with immediate effect, its chief financial officer Michael Culhane is taking personal leave of absence.

Hudson's Bay Company Names Acting Chief Financial Officer
Business Wire - Wed Jan 22, 8:16AM CST
Hudson's Bay Company (TSX: HBC) announced that effective today Michael Culhane, HBC's Chief Financial Officer, is on a personal leave of absence from the Company. Also effective today, Donald Watros, Chief Operating Officer of HBC, has assumed the additional responsibilities of acting Chief Financial Officer.

Saks Fifth Avenue names Mark Briggs as Chief Marketing Officer
M2 - Fri Dec 20, 5:41AM CST
Retailing company Saks Fifth Avenue, a subsidiary of Hudson's Bay Company (HBC.TO), announced on Thursday that it has appointed Mark Briggs as chief marketing officer of Saks Fifth Avenue, effective March 2014. I

Bentall Kennedy acquires regional enclosed shopping centre portfolio from Canada Pension Plan Investment Board
CNW Group - Thu Dec 19, 12:39PM CST
 Bentall Kennedy, one of North America's leading real estate investment advisors and providers of real estate services, is pleased to announce today that on behalf of its Prime Canadian Property Fund, it has acquired a 100% freehold interest in three dominant regional enclosed shopping centres from Canada Pension Plan Investment Board (CPPIB).

Hudson's Bay Company announces addition to S&P/TSX Composite Index
M2 - Wed Dec 18, 3:00AM CST
Hudson's Bay Company (HBC)(TSX:HBC.TO), an operator of retail stores, announced on Tuesday that the company will join the S&P/TSX Composite Index after the close of trading on 20 December 2013.

Hudson's Bay Company to Join S&P/TSX Composite Index
Business Wire - Tue Dec 17, 7:30AM CST
Hudson's Bay Company ("HBC" or the "Company") (TSX:HBC) is pleased to announced that the Company will join the S&P/TSX Composite Index after the close of trading on December 20, 2013.

Target in Canada : focus on television advertisement.
CNW Group - Wed Dec 11, 2:16PM CST
Target arrived in Canada in 2013 and the American retailer expects to open more than 120 stores this year. Since the arrival of Target, has the number of ads broadcast by retailers increased in Canada compared to 2012 ?

Hudson's Bay Company Reports Third Quarter 2013 Financial Results and Completes Acquisition of Saks
Business Wire - Wed Dec 11, 6:00AM CST
Hudson's Bay Company ("HBC" or the "Company") (TSX: HBC) reported today its results for the 13-week period ended November 2, 2013 (the "third quarter"). The third quarter was characterized by strong same-store sales growth at Hudson's Bay and online and a return to positive same-store sales growth at Lord & Taylor.

Hudson's Bay Company Makes "Cents" Out of Big Data Using ROI-Focused Solution Provider Saferock
PR Newswire - Thu Nov 14, 7:30AM CST
While the big news last week in retailing was Hudson's Bay Company's acquisition of the luxury retailer Saks Fifth Avenue for US$2.9 billion, there was another item on which HBC had been working quietly all year - a Big Data project to improve marketing profits.

Saks reports approval of shareholders for merger with Hudson's Bay Company
M2 - Thu Oct 31, 6:18AM CDT
Retailing company Saks Incorporated (NYSE: SKS) announced on Wednesday that its shareholders have overwhelmingly approved its agreement and plan of merger (merger agreement) with Hudson's Bay Company (HBC) at its special meeting held on 30 October 2013.

A.O. Smith Set to Join S&P MidCap 400; FutureFuel to Join S&P SmallCap 600; Michael Kors Addition to the S&P 500 Postponed to a Date to be Announced
PR Newswire - Wed Oct 30, 4:39PM CDT
S&P SmallCap 600 constituent A.O. Smith Corp. (NYSE: AOS) will replace Saks Inc. (NYSE: SKS) in the S&P MidCap 400, and FutureFuel Corp. (NYSE: FF) will replace A.O. Smith in the S&P SmallCap 600 after the close of trading on Monday, November 4. Hudson's Bay Co. is acquiring Saks in a deal expected to be completed on or about that date pending final conditions.

Brandaid Haiti Artisan Collection Arrives in Canada
CNW Group - Wed Oct 23, 6:00AM CDT
Handmade designs for the Home to launch at select Hudson's Bay stores and online

Retail Industry Leader Stephen Sadove to Join JCPenney Board of Directors
Thomson Reuters ONE - Wed Oct 09, 6:30AM CDT
Board Member Geraldine Laybourne Steps Down to Pursue Startup Venture

Media Advisory - Bonnie Brooks, President of HBC, Hudson's Bay Company, will deliver a speech to the Canadian Club of Montreal
CNW Group - Thu Sep 19, 7:30AM CDT
Speech title: The Reinvention of an ICON

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