Hudson's Bay issues warning

Article Abstract:

Hudson's Bay Co. warns of weak third and fourth quarters. Company officials announced that it expects losses of $3.5 million to $7 million for the third quarter and anticpates losses or no growth in the fouth quarter of 2001.

Retail industry, Retail trade, Company Profile

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Hudson's Bay annual profit soars 30%

Article Abstract:

The profit for Hudson's Bay Co. increased 30% last year, to $125.26-million, but the department-store retailer announced that its first-half financial performance could become hurt as consumers get ready to spend less.

Forecasts, trends, outlooks

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Bay's losses almost double in quarter

Article Abstract:

Canadian retailer Hudson's Bay Co. sees an $11.4 million loss in the first quarter of 2001 due to a decline in consumer spending, but the company states the situation will improve in the second half of the year.

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