Hudson’s Bay news and archive

Hudson’s Bay appoints new president

Canadian retailer Hudson’s Bay has named Sophia Hwang-Judiesch as its new president, effective September 19. Hwang-Judiesch joins from Ulta Beauty where she spent the past three years, most recently serving as vice president of strategic initiatives. Earlier in her career she spent three years at Carter’s as senior vice president and country...

Business

Hudson’s Bay to split store network and e-commerce site into two businesses

Canadian fashion retailer Hudson’s Bay has announced plans to split its physical store network and e-commerce operations into two separate businesses in a move it says will accelerate its digital-first transformation. Its 86-store fleet will continue to operate as ‘Hudson’s Bay’ and will be led by Wayne Drummond, who has been appointed as...

Retail

Columbia and Hudson’s Bay reopen stores with safety measures in place

As lockdown measures ease in certain states and provinces across the US and Canada, many stores are able to reopen. Columbia Sportswear and Hudson’s Bay have started offering in-store service again, with a focus placed on abiding by safety guidelines and supporting Covid-19 relief efforts. Columbia Sportswear On Friday, the outdoor apparel and...

Business

Hudson’s Bay shareholders vote overwhelmingly to take company private

Hudson’s Bay Company’s (HBC) shareholders have voted overwhelmingly in favour of a plan to take the Canadian retailer private. In a special meeting held on Thursday, shareholders voted with a 98.28 percent majority in favour of the plan, comfortably surpassing the required favourable vote of at least 75 percent. The resolution also required...

Retail

Hudson's Bay confirms plans to close Dutch stores by end of year

Canadian retailer Hudson's Bay has confirmed plans to close its Dutch stores by the end of the year. A total of 15 stores will be closed and 1,424 jobs will be lost. Hudson’s Bay employees in the Netherlands were informed of the news on Thursday afternoon, according to trade union CNV. "Especially because the adventure lasted so short, the group...

Business

Hudson’s Bay to close Dutch stores by end of year

Canadian retailer Hudson's Bay is reportedly planning to close all its stores in the Netherlands by the end of the year. A total of 15 stores will be closed and 1,424 jobs will be lost, according to Dutch newspaper Het Financieele Dagblad (FD), citing a letter from Hudson’s Bay parent company Hudson’s Bay Company (HBC). Dutch trade unions CNV...

BusinessFeatured

Hudson’s Bay to sell Lord & Taylor for 100 million Canadian dollars

Canadian retailer Hudson's Bay Company (HBC) has announced it is selling luxury department store chain Lord & Taylor to fashion rental subscription service Le Tote in a 100 million dollar deal. The deal will see Le Tote acquire the Lord & Taylor brand and related intellectual property while assuming operations of its 38 stores, digital channels...