HBC sales jump after Saks deal

TORONTO — Hudson’s Bay Company posted Q1 net earnings of $176 million and saw retail sales climb to $1.85 billion after the holidays.  The historic trader earned 97 cents per share compared with a loss of 19 cents last year’s Q1. The retail sales hike is a $971 million gain year over year. Same-store sales rose 2.8%. HBC completed its acquisition of U.S. luxury retail banner Saks in late 2013.