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Hudson's Bay Co (HBC.TO)

HBC.TO on Toronto Stock Exchange

10.02CAD
8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Hudson's Bay Reports Q3 Retail Sales Decreased 4.2 Pct TO $3.2 Bln
Wednesday, 6 Dec 2017 

Dec 6 (Reuters) - Hudson's Bay Co ::- Q3 RETAIL SALES DECREASED 4.2% TO $3.2 BILLION; COMPARABLE SALES ON A CONSTANT CURRENCY BASIS DECLINED BY 3.2%.SAYS CO'S "TRANSFORMATION PLAN" REMAINS ON TRACK TO GENERATE ANNUAL SAVINGS OF $350 MILLION.QTRLY LOSS PER SHARE $1.33.- MANAGEMENT NOW EXPECTS TOTAL CAPITAL INVESTMENTS IN FISCAL 2017, NET OF LANDLORD INCENTIVES, TO BE BETWEEN $575 MILLION AND $625 MILLION.Q3 EARNINGS PER SHARE VIEW C$-0.74, REVENUE VIEW C$3.41 BILLION -- THOMSON REUTERS I/B/E/S.- INVENTORY AT END OF Q3 DECLINED BY $64 MILLION COMPARED TO PRIOR YEAR.  Full Article

Hbc Announces Agreement With Land & Buildings
Friday, 1 Dec 2017 

Hudson's Bay Co ::HBC ANNOUNCES AGREEMENT WITH LAND & BUILDINGS.HUDSON'S BAY - REACHED AGREEMENT WITH LAND & BUILDINGS TO WITHDRAW APPEAL OF TSX DECISION TO CONDITIONALLY APPROVE EQUITY INVESTMENT BY RHÔNE CAPITAL.HUDSON'S BAY CO - LAND AND BUILDINGS PROVIDED CUSTOMARY STANDSTILL IN FAVOUR OF HBC FOR PERIOD EXTENDING THROUGH HBC'S 2018 ANNUAL GENERAL MEETING.HBC - IF IT ISSUES EQUITY IN DEAL THAT WILL TRIGGER 1-YEAR PRICE PROTECTION, IT WILL DO SO THROUGH RIGHTS OFFERING TO ITS SHAREHOLDERS ON PRO RATA BASIS.HUDSON'S BAY CO - HBC CURRENTLY DOES NOT ANTICIPATE THAT PRICE PROTECTION PROVISIONS WILL BE TRIGGERED​.  Full Article

Hudson's Bay Provides Update Regarding Strong Shareholder Support For Rhone Capital Equity Investment
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Hudson's Bay Co ::HUDSON'S BAY COMPANY PROVIDES UPDATE REGARDING STRONG SHAREHOLDER SUPPORT FOR RHÔNE CAPITAL EQUITY INVESTMENT.HUDSON'S BAY CO - ‍SHAREHOLDERS REPRESENTING ALMOST TWO-THIRDS OF HBC'S OUTSTANDING COMMON SHARES HAVE NOW CONFIRMED THEIR SUPPORT FOR THE TRANSACTIONS​.HUDSON'S BAY- ‍PROVIDES UPDATE ON SHAREHOLDER SUPPORT FOR RHÔNE CAPITAL'S $500 MILLION EQUITY INVESTMENT OF 8-YEAR MANDATORY CONVERTIBLE PREFERRED SHARES​.  Full Article

Hudson’S Bay Company responds to appeal of TSX conditional approval for Rhône Capital Equity Investment
Thursday, 16 Nov 2017 

Nov 15 (Reuters) - Hudson's Bay Co :Hudson’S Bay Company responds to appeal of tsx conditional approval for Rhône Capital Equity Investment.Provided update related to Rhône Capital's Equity Investment of U.S. $500 million in form of 8-year mandatory convertible preferred shares​.Hudson's Bay says received notice of an appeal by land & buildings regarding TSX decision to conditionally approve Rhône Capital's Equity Investment​.Hudson's Bay says "‍will seek to have tsx decision confirmed" regarding Rhône Capital's Equity Investment​ and "appeal dismissed on an expedited basis".Hudson's Bay says ‍will continue to proceed with fulfilling all regulatory requirements to close Rhône Capital's Equity Investment​.  Full Article

HBC appoints Milton Pappas to chief marketing officer
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Hudson's Bay Co :HBC appoints Milton Pappas to Chief Marketing Officer.Hudson's Bay Co - ‍Pappas joined HBC in September 2016 as senior vice president, digital marketing​.  Full Article

Hudson's Bay says will consider proposal by Signa
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Hudson's Bay Co :Hudson's Bay Co ‍responds to Land & Buildings' press release issued on November 1, 2017​."‍HBC board will review conditional, non-binding, preliminary proposal by Signa in accordance with its fiduciary duties​".  Full Article

Signa confirms has submitted offer for Hudson's Bay's Kaufhof‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Signa Spokesman :Confirms has submitted offer for Hudson's Bay's <<>> Kaufhof‍​.  Full Article

‍land & Buildings Investment Management issues letter to Hudson's Bay shareholders
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - ‍Land & Buildings Investment Management Llc::‍Land & Buildings Investment Management Llc issued letter to shareholders of Hudson's Bay Co.‍Land & Buildings Investment Management Llc - Hudson's Bay board should "seriously consider" reported Signa fully financed EUR 3.0 billion offer for its European business​.  Full Article

Riocan-HBC JV to explore possible sale of Vancouver property
Tuesday, 31 Oct 2017 

Oct 30 (Reuters) - Riocan-HBC JV::Riocan-HBC joint venture to explore possible sale of vancouver property.Says has engaged CBRE and Brookfield Financial Real Estate Group to explore a possible sale of its Vancouver property.Says expects to close on $200 million mortgage on Vancouver property, proceeds of loan to be distributed on a pro-rata basis to JV partners ​.  Full Article

HBC head says sees no reason to change Europe strategy
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Hbc :Head says sees no reason to change europe strategy.Head says we have no intention of selling German department store chain Kaufhof.  Full Article

CANADA STOCKS-TSX slips as Hudson's Bay sinks, energy stocks weigh

TORONTO, Dec 6 Canada's main stock index ended barely lower on Wednesday, weighed by a slump in department store operator Hudson's Bay Co after it reported a deeper-than-expected loss and as energy stocks fell with lower oil prices.