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HBC Helped by Tax Reform, Hindered by Off-Price

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

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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