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Luxury Shoppers Weren’t Spending in Q3, HBC CEO Says

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

Markdowns and gun-shy luxury consumers weighed on Hudson’s Bay’s third-quarter sales, marking what could be the firm’s final publicly disclosed earnings report before a shareholder vote next week to decide whether to go private. In a Nutshell: Tuesday’s third-quarter report was not the best for HBC, which saw losses widen as revenues declined. The sale of…

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