Hudson's Bay Company Reports Retail Same Store Sales for Nine and Forty-Eight Week Periods Ended December 29, 2012
January 03, 2013 at 01:15 pm
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Hudson's Bay Company reported unaudited consolidated same store sales for the 9 and 48-week periods ended December 29, 2012. The company reported unaudited consolidated same store sales increase of 1.9% for the 9-week period ended December 29, 2012. Adjusting for the previously disclosed $20 million impact of Hurricane Sandy, consolidated same store sales would have increased 3.7% for the 9-week period ended December 29, 2012. Retail sales increased by $25.0 million, or 2.3% from $1,084.0 million for the 9-week period ended December 31, 2011 to $1,109.0 million for the 9-week period ended December 29, 2012. Over the same period consolidated same store sales increased by 1.9%, with an increase of 6.7% at Hudson's Bay and a decrease of 4.4% (US dollars) at Lord & Taylor. Retail sales growth was driven by continued strength in men's apparel, handbags, fine jewellery, watches, Topshop branded apparel, and cosmetics/fragrances.
For the 48-week period ended December 29, 2012 consolidated same store sales increased 4.0% (4.6% adjusted for the impact of Hurricane Sandy). Retail sales increased by $165.6 million, or 4.6% from $3,634.0 million for the 48-week period ended December 31, 2011 to $3,799.6 million for the 48-week period ended December 29, 2012. Over the same period consolidated same store sales increased by 4.0%, with an increase of 5.5% at Hudson's Bay and 2.0% (US dollars) at Lord & Taylor. Consolidated same store sales were impacted by positive 0.4% due to the foreign currency translation of the Lord & Taylor results and offset by lower sales at Home Outfitters.
Hudsonâs Bay Company ULC is a Canada-based company. The Company is engaged in delivering fashion, beauty, home decor and accessories. It operates approximately 90 stores across 8 Canadian provinces, along with 3 Hudson's Bay Home locations. Its products include women's clothing, men's clothing, kids and babies clothing, women's shoes, men's shoes, accessories, handbag, luggage and travel. It also offers various other product, such as arts and crafts, books and stationery, computers, electronics, fitness and recreation, food and snacks, health and wellness, home improvement, novelty gifts and games, party supplies, pet supplies and plants and flowers, and sports and outdoor. The Company provides a range of services in personal shopping, beauty services, home furnishing and interior advice, alterations and tailoring, Hudson's Bay optical, watch and jewelry repair, and Hunter Douglas window treatments.