Hudson’s Bay Recent Figures .. Not Good

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

 major restructuring.

It cut two thousand jobs throughout North America. (The Canadian

 Press)

Photo Credit: CBC.ca

 

Posted in All Stories, Annoucer Blogs, Gary Gamble Tagged with: , , ,

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