HBC's Q3 turnover rises by 5.6 percent

Hudson’s Bay Company (HBC) reported revenue of 2,187 million Canadian dollars (1,647 million dollars), an increase of 115 million Canadian dollars or 5.6 percent for the third quarter with comparable sales increase of 2.9 percent and comparable digital sales increase of 8 percent. The company said, adjusting for the impact of the shift of Hudson Bay’s “Bay Days” promotional event into the third quarter from the fourth quarter, total comparable sales increased 1.2 percent. For the third quarter, comparable sales at Saks Fifth Avenue increased 7.3 percent, at DSG (Hudson's Bay, Lord & Taylor and Home Outfitters), by 0.9 percent but adjusting for the “Bay Days” promotional shift, comparable sales declined 2.4 percent and at Saks Off 5th, comparable sales decreased by 2.3 percent.