Gifts Today magazine

Hudson’s Bay announces fourth quarter results

One of the fastest-growing department store retailers in the world, Hudson’s Bay Company announces same store sales results for the fourth quarter of 2015

Global department store retailers Hudson's Bay Company (HBC) announced its same store sales results for the fourth quarter and fiscal year ended January 31, 2016.

Jerry Storch, Chief Executive Officer, HBC commented, “Our growth continued in the fourth quarter, as our team executed our strategies and focused on innovation around the world. Our retail banners are uniquely diversified across both geography and retail concepts.

“Online sales were especially strong, reflecting our focus on building superior digital capabilities and further integrating our brick and mortar and ecommerce businesses. As we continue to execute our all-channel strategy we are committed to providing our customers with an exceptional experience as they shop our banners whenever, wherever and however they choose.”

For the quarter beginning November 1, 2015 and ending January 31, 2016:

• Consolidated same store sales growth of 11.0%
• On a constant currency comparable basis, consolidated same store sales increase of 1.8%
Department Store Group (“DSG”) same store sales increase of 4.0%
Saks Fifth Avenue OFF 5TH same store sales increase of 2.0%
Saks Fifth Avenue same store sales decrease of 1.2%
HBC Europe (GALERIA Kaufhof, Galeria INNO and Sportarena) same store sales increase of 0.4%

• Digital sales increase of 22.8% on a constant currency comparable basis:

For the fiscal year ended January 31, 2016(2)(3)
• Consolidated same store sales growth of 12.1%
• On a constant currency comparable basis, consolidated same store sales increase of 2.5%
DSG same store sales increase of 4.7%
Saks Fifth Avenue OFF 5TH same store sales increase of 6.3%
Saks Fifth Avenue same store sales decrease of 1.0%
HBC Europe same store sales increase of 1.7%
Digital sales increase of 23.2% on a constant currency comparable basis



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