Hudson's Bay Posts Wider Q3 Net Loss

Canadian retailer Hudson's Bay Co reported a wider net loss in the third quarter. The company's consolidated sales surged 6% to C$984.1 million ($926.6 million). Hudson's Bay posted a quarterly net loss of C$124.2 million, or C$1.04 per share, versus a year-ago loss of C$14.4 million, or 14 Canadian cents per share. Excluding one-time items, it earned C$8.9 million, or 7 Canadian cents a share.