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Hudson’s Bay swings to Q1 loss, will open 12-15 stores in 2015
Toronto, Canada – Hudson’s Bay Co. Inc. (HBC) swung a net loss of $54 million in the first quarter of fiscal 2015 from net earnings of $176 million in the year-ago period amid higher selling, general and administrative (SG&A) expenses even as as sales showed strong improvement. -
Survey: E-commerce growth is accelerating
E-commerce traffic increased 18% in the first quarter, according to the latest Shopping Index from Demandware.
The report measures digital commerce growth and identifies the trends driving that growth based on analysis of same site activity over time. The latest Demandware Shopping Index reveals that shopper attraction, which measures the number of shoppers, was up 18% in the first quarter of 2015 over the first quarter last year and drove 83% of the digital commerce growth.
