Hudson's Bay Sees Fourth-quarter Same-store Sales, Digital Sales Growth

Hudson's Bay Co. said same-store sales for the fourth quarter grew 11%, though same-store sales at luxury retailer Saks Fifth Avenue fell 1.2%. Same-store sales at the off-price Saks Fifth Avenue Off 5th were up 2%. Digital sales increased 22.8% on a constant currency basis. In addition to Saks Fifth Avenue and Saks Fifth Avenue Off 5th, Hudson's Bay brands also include Lord & Taylor, e-commerce site Gilt and Home Outfitters. Shares of Hudson's Bay are inactive in premarket trading, but down 28.1% for the past year. The S&P 500 is down 7.8% for the same period.