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Canadian retailer Hudson's Bay revenue jumps 59 pct

Published 2016-06-09, 04:26 p/m
© Reuters.  Canadian retailer Hudson's Bay revenue jumps 59 pct
HBC
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June 9 (Reuters) - Canadian retailer Hudson's Bay Co
HBC.TO reported a 59 percent rise in quarterly sales as it
benefited from expansion in Europe and the acquisition of online
retailer Gilt.
The company's net loss widened to C$97 million ($76
million), or 53 Canadian cents per share, in the first quarter
from C$49 million, or 27 Canadian cents per share, a year
earlier.
Retail sales rose to C$3.30 billion for the three months
ended April 30 from C$2.07 billion.
($1 = 1.2712 Canadian dollars)

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