{"id":13420,"date":"2014-06-03T15:12:46","date_gmt":"2014-06-03T07:12:46","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=13420"},"modified":"2014-06-03T23:20:18","modified_gmt":"2014-06-03T15:20:18","slug":"retailer-hudsons-bay-company-posts-first-quarter-q1-profit-on-higher-sales","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/06\/03\/retailer-hudsons-bay-company-posts-first-quarter-q1-profit-on-higher-sales\/","title":{"rendered":"Retailer Hudson&#8217;s Bay Company posts first quarter Q1 profit on higher sales"},"content":{"rendered":"<figure id=\"attachment_13544\" aria-describedby=\"caption-attachment-13544\" style=\"width: 1458px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/Hudsons-Bay-Company-Canada.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13544\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/Hudsons-Bay-Company-Canada.jpg\" alt=\"Hudson's Bay Company Canada. Wikimedia Commons photo\" width=\"1458\" height=\"1404\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/Hudsons-Bay-Company-Canada.jpg 1458w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/Hudsons-Bay-Company-Canada-300x288.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/Hudsons-Bay-Company-Canada-1024x986.jpg 1024w\" sizes=\"auto, (max-width: 1458px) 100vw, 1458px\" \/><\/a><figcaption id=\"caption-attachment-13544\" class=\"wp-caption-text\">Hudson&#8217;s Bay Company Canada. Wikimedia Commons photo<\/figcaption><\/figure>\n<p>TORONTO &#8212; Hudson&#8217;s Bay Company (TSX:HBC) is reporting first-quarter net earnings from continuing operations of $176 million, compared with a loss of $22 million in the same quarter of 2013.<\/p>\n<p>Earnings per share were 97 cents compared with a loss of 19 cents year-over-year.<\/p>\n<p>Retail sales increased to $1.85 billion, up from $884 million in the same quarter last year.<\/p>\n<p>Digital sales, important to the company&#8217;s future growth, were $207 million in the quarter and included sales at Hudson&#8217;s Bay Company, Saks and Lord &amp; Taylor.<\/p>\n<p>Same stores sales, which are stores that have been open for at least a year, were up 2.8 per cent year-over-year.<\/p>\n<p>HBC said it completed the sale and lease back of its Queen Street flagship store and Simpson Tower office complex in Toronto for a purchase price of $650 million and used most of the net proceeds to reduce debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO &#8212; Hudson&#8217;s Bay Company (TSX:HBC) is reporting first-quarter net earnings from continuing operations of $176 million, compared with a &hellip;<\/p>\n","protected":false},"author":44,"featured_media":13544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,18],"tags":[1599,3254,4596],"class_list":["post-13420","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ca","tag-economy","tag-finance","tag-hudsons-bay-company","mauthors-the-canadian-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/13420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=13420"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/13420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/13544"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=13420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=13420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=13420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}