6/19/13

Hudson’s Bay reports a 32.8% increase in web sales in Q1

The web accounts for 21% of total sales growth.

Bill Briggs , Senior Editor

Canadian merchant Hudson’s Bay Co. grew web and total sales in the first quarter and reduced its net loss vs. 2012.

For the quarter ended May 4, Hudson’s Bay, No. 158 in Internet Retailer’s 2013 Top 500 Guide, reported:

E-commerce represented 3.5% of total sales for the quarter and 21.4% of total sales growth. The web accounted for 2.8% of overall sales in the same quarter last year.

“We are pleased with our first quarter performance,” says Richard Baker, Hudson’s Bay CEO. “Our strong sales growth can be attributed to several factors, including improvements in store productivity, increased e-commerce sales and our partnership with Topshop/Topman.” Topshop and Topman are based in the United Kingdom and offer trendy fashions for young women and men, respectively, worldwide through stores and e-commerce sites.

Lord & Taylor sales were affected by “unfavorable year-over-year weather patterns,” Baker says.

Topics:

Canada e-commerce, Canada merchant, Hudson's Bay, Hudson's Bay Co., Lord and Taylor, Q1 2013 earnings, Q1 earnings, Richard Baker, Top 500

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