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Kaufhof Acquisition Triples Hudson’s Bay Profit in Q4

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Hudson’s Bay Company’s (HBC) costly acquisition of a German department store group is paying off.

The Toronto-based retailer on Monday revealed a whopping 70.4% increase in consolidated retail sales in the fourth quarter, or 4.5 billion Canadian dollars ($3.44 billion). That figure, which included a 61.6% jump in digital sales from all banners, was mainly due to the addition of HBC Europe following last September’s purchase of Galeria Kaufhof Group, the parent of Germany’s Galeria Kaufhof and Belgium’s Galeria Inno, for $2.8 billion.

Read more at Sourcing Journal.

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