Company Earnings Update 4 minutesRegister for Free AccessHudson’s Bay Company (HBC) Fiscal 4Q16 Results: Weak Comps, Merchandising Improvement in Progress Coresight Research April 5, 2017 Executive Summary Hudson’s Bay Company reported fiscal 4Q16 normalized EPS of C$0.01, versus C$0.79 in the prior-year quarter. Revenue was C$4.6 billion, up 2.5% year over year. Comparable store sales declined by 1.2% for the overall company, primarily due to high levels of markdowns. Comps grew by 0.6% at DSG (the Lord & Taylor, Hudson’s Bay and Home Outfitters banners) and by 0.1% at Saks Fifth Avenue. Those increases were offset by declines of 2% at HBC Europe (the Galeria Kaufhof, Galeria Inno and Sportarena banners) and 5.9% at HBC Off Price (the Saks Off 5th and Gilt banners). The company shared its plans to optimize assortments across banners. It expects to combine inventory at Saks Off 5th and Gilt by the end of the year. At Hudson’s Bay bannered department stores and Lord & Taylor stores, the company plans to grow key categories such as active, dress and home. Saks Fifth Avenue stores will introduce buy-online, pick-up-in-store service in the fall. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 30: Conn’s and Carpetright Close Stores Following Bankruptcy FilingsRetail Shrink and ORC: Self-Checkout Challenges and a Rise in Shoplifting OffensesEarnings Insights 4Q23, Week 1: Deckers, Clorox and Walgreens Report Strong Results; Columbia Sportswear Sees Sales DeclineWeinswig’s Weekly: Pioneer the Future of Retail at NextGen Commerce, a Coresight Research AI Conference