|Bid||11.70 x 0|
|Ask||11.95 x 0|
|Day's Range||11.35 - 12.24|
|52 Week Range||8.08 - 17.24|
|PE Ratio (TTM)||-3.34|
|Earnings Date||Dec 4, 2017 - Dec 8, 2017|
|Dividend & Yield||0.05 (0.38%)|
|1y Target Est||13.90|
Activist investor Jonathan Litt ratcheted up pressure on Hudson's Bay Co (Toronto:HBC.TO - News) on Monday, calling a special shareholder meeting potentially to remove directors, in a sign of escalating tension between two investors who hold different views about the future of the department store operator. HBC Executive Chairman Richard Baker sees Hudson's Bay as a retail company with real estate assets, while Litt wants HBC to transform itself into a real estate play and pull away from the retail space. The exit of HBC CEO Gerald Storch on Friday has given Litt an opening to intensify his attack on a company that has struggled to turn sales around..
Canadian retailer Hudson's Bay Co (HBC) sought to ease concern that the abrupt resignation of its chief executive could herald cuts at its struggling German department store chain Kaufhof. HBC said on Friday that outgoing CEO Gerald Storch was stepping down from Nov. 1 to return to his advisory firm Storch Advisors but did not disclose the reasons for his departure. "I still firmly believe in the future of the department stores," interim CEO Richard Baker said in a memo to staff seen by Reuters.
The head of Hudson’s Bay Co., the owner of Saks Fifth Avenue and Lord & Taylor, is leaving the retailer ahead of the critical holiday shopping season and in the midst of a restructuring effort to boost ...
Storch will step down effective Nov. 1 to return to his advisory firm Storch Advisors, Hudson's Bay (HBC) said in a statement. Storch's departure comes at a time when the company is under pressure from activist shareholder Jonathan Litt to take steps to improve stock performance. Reuters reported in August that HBC was planning to review its options, including going private.
HBC today announced that Gerald L. Storch has stepped down as Chief Executive Officer, effective November 1, 2017, to return to his advisory firm, Storch Advisors.
As Sears Canada prepares to liquidate, attention turns to Hudson’s Bay Co. (TSX:HBC) and other legacy retailers. Will they meet the same fate?
TORONTO/BENGALURU (Reuters) - Shares in Hudson's Bay Co, which is reviewing strategic options including privatization, fell as much as 5.5 percent on Monday, after rival Nordstrom Inc's failed attempt to go private spooked sentiment for other U.S. retailers, analysts said. Earlier on Monday, U.S. upscale retailer Nordstrom said its founding family had suspended attempts to take it private for the rest of the year due to difficulties in arranging debt financing ahead of the holiday season. Hudson's Bay, the owner of Saks Fifth Avenue and Lord & Taylor, was down 4.4 percent to C$11.76 at 1903 GMT, while the broader Toronto stock benchmark was flat.
Sears Canada Inc. has gone out of business, but that does not mean investors should be fleeing Hudson's Bay Co. (TSX:HBC), Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS), and others.
The closure of Sears Canada will affect many other Canadian retailers. Could companies such as Canadian Tire Corporation Limited (TSX:CTC.A) benefit?
The real estate industry is evolving, and RioCan Real Estate Investment Trust (TSX:REI.UN) and others are adjusting to changes.
Activist investors are stepping up campaigns to drive change in Canada's C$67 billion ($53.3 billion) real estate investment trust sector as they see attractive prices and opportunities to unlock value, investment managers and advisers said. Activists are also looking to tackle perceived corporate governance issues such as high management and board compensation, as well as to tap frustrations from institutional investors about underperforming stocks. Some activists have been emboldened by the recent success enjoyed by FrontFour Capital and Sandpiper Group with Granite REIT (GRT_u.TO).
LONDON, UK / ACCESSWIRE / October 3, 2017 / Pro-Trader Daily has lined up these stocks for our daily research reports coverage. Before the markets open, Pro-TD makes a brief technical snapshot of select ...
Forget about traditional retailers and cash in on Amazon.com, Inc.'s (NASDAQ:AMZN) disruption of retail by investing in Shopify Inc. (TSX:SHOP)(NYSE:SHOP).
REITs focused on retail properties, such as RioCan Real Estate Investment Trust (TSX:REI.UN) and Plaza Retail REIT (TSX:PLZ.UN), are under threat from the threats of e-commerce and higher interest rates.
Hudson's Bay Co. (TSX:HBC) could unlock significant value if it were to spin off its real estate into a separate entity, giving investors a massive win.
After releasing another round of disappointing earnings, the pressure is on Hudson’s Bay Co. (TSX:HBC), as its leadership mulls a revolutionary move to monetize its real estate holdings.
Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) serves as an interesting case study as another Canadian clothing retailer prepares an initial public offering.
A major shareholder at Hudson’s Bay Co. (TSX:HBC) is hinting at insurrection as the company finds itself in an identity crisis.
Hudson's Bay Co. (TSX:HBC) has been struggling this year. Can it afford the added costs that come with a minimum wage increase?
RioCan Real Estate Investment Trust (TSX:REI.UN) is not like other retail stocks, giving you a great opportunity to benefit from the market's irrational behaviour.