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Hudson's Bay revenue falls 3% on fewer stores, lower sales at Lord & Taylor

Published 2019-06-13, 07:11 a/m
© Reuters.  Hudson's Bay revenue falls 3% on fewer stores, lower sales at Lord & Taylor
HBC
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June 13 (Reuters) - Canadian department store operator Hudson's Bay Co HBC.TO on Thursday reported a 3.3% fall in first-quarter revenue on fewer stores and lower sales in its Lord & Taylor unit.

The owner of Saks Fifth Avenue and Lord & Taylor retail chains said earlier this week it was evaluating an offer from Executive Chairman Richard Baker and other shareholders to take the company private for C$1.74 billion ($1.3 billion) in cash. revenue fell to C$2.12 billion ($1.59 billion) from C$2.19 billion, a year earlier. = 1.3302 Canadian dollars)

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