Hudson’s Bay Company has reported a net loss of 201-million
dollars in its last fiscal quarter, as it struggles to adapt to
shifting industry trends.
The loss, which works out to almost 16 million dollars a week
over the thirteen weeks ended July 29th, was an increase from the
142-million the company lost in the same quarter last year.
The retail giant has responded to the persistent losses with
It cut two thousand jobs throughout North America. (The Canadian
Photo Credit: CBC.ca