Hudson's Bay posts Q4 net loss of 226 million Canadian dollars

Hudson’s Bay Company (HBC) has announced that sales totalled 9.4 billion Canadian dollars (7 billion dollars) for the year and 2.9 billion Canadian dollars (2.1 billion dollars) in the fourth quarter to February 2, 2019. The group’s continuing operations posted a net loss of 226 million Canadian dollars (169.9 million dollars) in the fourth quarter compared to net earnings of 180 million Canadian dollars in the same quarter a year ago. Net loss for the full year was 631 million Canadian dollars (474.3 million dollars).