Hudson's Bay will open its first store in the Netherlands on September 5 instead of September 19 as originally planned. The range will be younger and more fashion forward than that of its sister retailer Galeria Kaufhof.
The Canadian department store operator said on Friday it would streamline its structure across its various store chains to compete in what it called a "brutal" retail environment, while its shares plunged to record lows.
Canadian department store operator Hudson's Bay Co said on Friday it planned to invest around 400 million euros ($425 million) in Europe this year in a bid to grow its sales there by 20 percent over the next two years.
Hudson's Bay Co has made a takeover approach for retail chain Macy's Inc, according to people familiar with the matter, in a deal that would push the Canadian department store operator deeper into the U.S. market.
German retailer Metro expects sales and earnings to rise again in the 2015/16 fiscal year despite the tough economic climate after reporting better-than-expected operating earnings for the fourth quarter.