HBC boosts profits as store comps decline

The Canadian department store retailer's comparable sales in the quarter fell 1.4%, with comparable digital sales up 8.7%. By banner in the quarter, Saks Fifth Avenue comps grew 3.9%, its seventh consecutive quarter of comp growth. On a two-year stack, Saks Fifth Avenue comp was 7%. Comps at DSG (Hudson's Bay, Lord & Taylor and now-shuttered Home Outfitters) fell 5.2%, and at Saks Off 5th comps fell 2.1%, but "a substantial year-over-year increase in digital sales" ...
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