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HBC Reports Second Quarter 2019 Financial Results

Business Wire Thursday, 12 September 2019
HBC Reports Second Quarter 2019 Financial ResultsTORONTO & NEW YORK--(BUSINESS WIRE)--HBC’s (TSX: HBC) second quarter sales were driven by accelerated growth in digital, continued positive comp at Saks Fifth Avenue, sequential progress at Hudson’s Bay and the second consecutive quarter of increased comparable sales at Saks OFF 5TH. Gross margin declined year-over-year. Approximately two-thirds of the gross margin decrease was due to changes in store footprint, vendor relationships and merchandise, the impact of which is expected to lessen sli
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