Advertisement
Canada markets close in 2 hours 14 minutes

  • S&P/TSX

    22,311.80
    -64.03 (-0.29%)
     

  • S&P 500

    5,212.91
    -1.17 (-0.02%)
     

  • DOW

    39,471.13
    +83.37 (+0.21%)
     

  • CAD/USD

    0.7316
    +0.0005 (+0.06%)
     

  • CRUDE OIL

    78.35
    -0.91 (-1.15%)
     

  • Bitcoin CAD

    82,817.92
    -2,026.41 (-2.39%)
     

  • CMC Crypto 200

    1,253.10
    -104.91 (-7.72%)
     

  • GOLD FUTURES

    2,375.90
    +35.60 (+1.52%)
     

  • RUSSELL 2000

    2,055.19
    -18.44 (-0.89%)
     

  • 10-Yr Bond

    4.4980
    +0.0490 (+1.10%)
     

  • NASDAQ

    16,300.22
    -46.04 (-0.28%)
     

  • VOLATILITY

    12.72
    +0.03 (+0.24%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6786
    +0.0008 (+0.12%)
     
MARKETS LIVE BLOG:

STOCKS RISE AS DOW EYES GAIN FOR 8TH STRAIGHT SESSION

U.S. consumer sentiment tumbles in May as inflation, interest rate worries take hold

Canadian retailer Hudson's Bay's quarterly sales rise about 29 percent

Reuters
A man exits a Hudson's Bay department store in Toronto, Ontario, Canada June 6, 2016. REUTERS/Chris Helgren/File Photo

(Reuters) - Canadian department store operator Hudson's Bay Co (Toronto:HBC.TO - News) reported a 28.6 percent rise in quarterly sales, helped by its expansion in Europe and the acquisition of online retailer Gilt.

The company's consolidated retail sales increased to C$3.30 billion in the quarter ended Oct. 29, from C$2.57 billion a year ago.

The retailer reported a net loss of C$125 million in the quarter, compared with a net profit of C$7 million, a year earlier.

The current quarter included gains of C$3 million from the company's joint ventures compared to C$91 million a year ago.

(Reporting by John Benny and Swetha Gopinath in Bengaluru; Editing by Shounak Dasgupta)