The company will also announce that it will offer tipping, in-store pickup and multi-channel return and exchange options
The company says it will now pay a dividend on its common shares of 49 cents a share, up from 45.5 cents
Crombie REIT is selling a 50 per cent stake in nine retail properties in Ontario, Alberta and B.C. as it continues raising funds to redevelop core holdings.
HBC is working with investment bankers and consultants to identify deals and measures to help its Lord & Taylor business after a major decline in sales