Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
First Quarter Highlights (13-week period ended May 4, 2013)
- Consolidated sales increased 4.2% to $884.0 million compared to the first quarter of 2012. - Same store sales: Consolidated same store sales grew 4.0%, or 3.2% on a constant currency basis. Hudson's Bay same store sales grew 7.6%. Lord & Taylor same store sales declined 1.4% on a U.S. dollar basis. - E-commerce sales were $31.1 million, an increase of 32.8% compared to the first quarter of 2012. - Normalized EBITDA was $31.0 million, an increase of $4.9 million compared to the first quarter of 2012. - Normalized net loss was $0.12 per share compared to a loss of $0.22 per share in the first quarter of 2012. - A dividend of $0.09375 per common share was declared, payable on July 15, 2013 to shareholders of record on June 28, 2013.
"We are pleased with our first quarter performance," stated Richard Baker, Hudson's Bay Company's Governor and Chief Executive Officer. "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. These strategic initiatives drove gains at Hudson's Bay, which continues to outperform its competitors. At Lord & Taylor, our sales performance was impacted by unfavourable year over year weather patterns."
Retail sales were $884.0 million for the 13-week period ended May 4, 2013, an increase of $35.8 million or 4.2% from $848.2 million for the 13-week period ended April 28, 2012. Consolidated same store sales grew 4.0% in the first quarter, or 3.2% on a constant currency basis. Hudson's Bay same store stores grew 7.6%, and same store sales at Lord & Taylor declined 1.4% on a U.S. dollar basis.
Sales at Hudson's Bay were driven by strong performance of men's apparel, ladies' shoes, cosmetics, handbags, accessories and certain home categories, the continued growth of e-commerce sales and our five Topshop/Topman stores.
Sales at Lord & Taylor were impacted by lower customer traffic due to unfavourable weather trends compared to the first quarter of 2012, with strength in men's apparel, handbags, accessories and cosmetics offset by underperformance of ladies' apparel and shoes. Reflecting the Company's strategic focus on growing its e-commerce channel, online sales contributed strongly to sales growth in the quarter, rising 32.8% to $31.1 million.
| On 27th Oct 2020
Scottish businesses, including textile firms, are set to benefit from ...
| On 27th Oct 2020
TZP Group, through TZP Capital Partners III, a private equity firm...
| On 27th Oct 2020
Incidences of online shopping and auction fraud in the UK rose by 37...
Indo Count Retail Ventures
Today, there is no other emerging market as India, "we make in India and...
‘The share of kidswear segment in the online sector is still small in...
Key Textile Accessories Private Limited
Chinese imports are destroying the supply chain
Switzerland-based Benninger is a leading manufacturer of technologically...
Established in 2015 by <b>Jash Choraria</b>, Unifynd is a Mumbai-based...
<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...
Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively
Functional Fabric Fair is a trade-exclusive event showcasing the latest...
Directa Plus SpA
Established in 2005, Direct Plus SpA, is one of the largest producers and...
Sameer Sonkusale & Rachel Owyeung
A team at the Tufts University in Massachusetts was recently in news for...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
Sonam & Paras Modi
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.