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Saks Fifth Sales Growth Drives Revenue Gains at Hudson’s Bay

Turnaround efforts are starting to pay off for Hudson’s Bay Co., which reported an increase in same-store sales driven by luxury chain Saks Fifth Avenue. Key insights Comparable same-store sales, a metric closely watched by analysts, climbed 2.9 percent. Including the impact of a promotional event that was moved forward, sales rose 1.2 percent. The…

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