HBC (TSX:HBC) stated that contrary to recent reports it has not signed a binding agreement to sell or combine its European business or properties. HBC regularly evaluates potential strategic opportunities to create value for its shareholders. From time to time, this process leads to discussions with potential counterparties. While HBC does not generally comment publicly on market speculation or rumors, in light of recent media reports, HBC believes it is prudent to advise stakeholders that it is in discussions with SIGNA Holding GmbH and has signed a non-binding letter of intent with respect to the exploration of a potential joint venture. Any potential transaction is subject to further review and analysis by HBC, approval of HBC’s Board of Directors, as well as many conditions, including due diligence and third party consents, that are outside of HBC’s control.
The Canadian retailer’s new inventory management system allows Browns Shoes to ship products faster and determine the most profitable way to ship an online order to a shopper. For the holidays, this means it can guarantee delivery by Christmas later into the season...
Canadian online retailers saw their sales grow more than 13% from January through April, and online is accounting for a growing proportion of total retail.
President and CEO tackles industry hot topics as the company reports its fourth-quarter results
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