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

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

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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