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HBC Helped by Tax Reform, Hindered by Off-Price

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

While the luxury sector proved positive, HBC reported disappointing Q4 results as the off-price and international businesses struggled. In a nutshell: After a fairly strong November, Hudson’s Bay Company reported Wednesday that the fourth quarter turned out to be a disappointment overall. Other than Hudson’s Bay and Saks, the North America brands have “clearly not met…

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