An activist investor in Hudson's Bay Co. threatened Wednesday to seek the removal of company directors unless it takes bold action to address the chain's lacklustre performance after it posted $201 million in losses in the second quarter. The retailer has also seen significant changes at the top recently, with its president of HBC International departing, and new appointments for the chief financial officer and the president of Hudson's Bay. Digital salesNearly 20 per cent of sales came from digital department store sales. Hudson's Bay is the oldest company in North America. It employs more than 66,000 people and operates more than 480 stores under banners such as the Bay, Saks Fifth Avenue, Lord & Taylor, Gilt, and Saks Off 5th.

Source: CBC News September 06, 2017 21:56 UTC