SG&A was $387.5 million or 27.9% of retail sales in the 14-week period ended February 2, 2013 compared to $362.8 million or 27.9% of retail sales in the 13-week period ended January 28, 2012, an increase of $24.7 million. The increase in SG&A was due to store payroll and benefits to support the increased sales, decreased return from credit operations due to new program terms, incremental costs associated with the investment in our online/omni-channel platform, increased depreciation and amortization costs related to capital expenditures over the preceding 12 months, corporate reorganization charges, two Lord & Taylor Home store closings, and an impairment related primarily to distribution centers. The cost increases were partially offset by lower bonus-related compensation, lower pension expense and approximately $8 million of expense reductions related to the rightsizing of the corporate infrastructure due to the Zellers store closures. For the 14-week period, SG&A as a percentage of retail sales was 26.5% or 1.6% better than the fourth quarter of Fiscal 2011 after adjusting for the $20.7 million in non-recurring expenses associated with impairment and other non-cash restructuring, foreign exchange and other real estate gains.
Hudson's Bay Company reported its results for the 14-week and 53-week periods ended February 2, 2013. The 14-week period was characterized by strong #
For Fiscal 2012, SG&A was $1,469.2 million compared to $1,347.2 million in Fiscal 2011, an increase of $122.0 million.
Hudson's Bay Company reported its results for the 14-week and 53-week periods ended February 2, 2013. The 14-week period was characterized by strong #
EBITDA was $165.8 million in the 14-week period ended February 2, 2013 compared to $169.5 million in the 13-week period ended January 28, 2012, a decrease of $3.6 million. For Fiscal 2012, EBITDA was $243.2 million compared to $309.3 million in Fiscal 2011, a decrease of $66.1 million or 21.4%.
Hudson's Bay Company reported its results for the 14-week and 53-week periods ended February 2, 2013. The 14-week period was characterized by strong #
Normalized EBITDA was $177.1 million or 12.8% of sales in the 14-week period ended February 2, 2013 compared to $166.8 million or 12.8% of sales in the 13-week period ended January 28, 2012, an increase of $10.3 million. The increase in Normalized EBITDA was primarily related to increased sales offset by lower credit revenue due to new terms, higher SG&A expenses to support store sales and a decline in the gross profit rate. For Fiscal 2012, Normalized EBITDA was $310.0 million compared to $312.9 million in Fiscal 2011, a decrease of $2.9 million or 0.9%.
Hudson's Bay Company reported its results for the 14-week and 53-week periods ended February 2, 2013. The 14-week period was characterized by strong #
Net earnings from continuing operations were $93.6 million or $0.81 per share in the 14-week period ended February 2, 2013 compared to $99.2 million or $0.95 per share in the 13-week period ended January 28, 2012, a decrease of $5.6 million. For Fiscal 2012, net earnings from continuing operations were $31.5 million or $0.29 per share compared to $57.3 million or $0.55 per share in Fiscal 2011.
Hudson's Bay Company reported its results for the 14-week and 53-week periods ended February 2, 2013. The 14-week period was characterized by strong #
Normalized net earnings from continuing operations were $99.3 million or $0.86 per share in the 14-week period in fiscal 2012 compared to $94.8 million or $0.91 per share in the 13-week period ended January 28, 2012. For Fiscal 2012, normalized net earnings from continuing operations were $76.8 million or $0.71 per share compared to $68.1 million or $0.65 per share in Fiscal 2011.
Hudson's Bay Company reported its results for the 14-week and 53-week periods ended February 2, 2013. The 14-week period was characterized by strong #
Hudson's Bay Company