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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Hudson's Bay Co    HBC   CA4442181018

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Hudson Bay : HBC ordered to provide more documents in alleged deceptive pricing practices case

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12/08/2017 | 12:37am CEST

TORONTOThe Competition Tribunal says the Hudson's Bay Co. must provide more documents by Dec. 20 in an alleged deceptive pricing practices case.

The tribunal says the retailer must provide the commissioner of competition with specific documents from February 2015 onwards relating to HBC's use of end of line representations with respect to mattress and box spring sets.

The commissioner had filed a request for HBC to produce documents related to the sleep sets and other products.

The retailer responded saying that the commissioner is asking for irrelevant documents and imposing an unrealistic time frame.

HBC filed a request earlier this week asking the tribunal to give it three months to produce the sought after documents.

In February, the Competition Bureau accused the department store chain of misleading consumers over sleep set prices.

The department store chain disputes the allegations.

© 2017 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials ( CAD)
Sales 2019 13 986 M
EBIT 2019 -287 M
Net income 2019 -
Debt 2019 3 877 M
Yield 2019 0,43%
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 0,43x
EV / Sales 2020 0,38x
Capitalization 2 138 M
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Mean consensus HOLD
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Average target price 10,3  CAD
Spread / Average Target -13%
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Managers
NameTitle
Helena B. Foulkes Chief Executive Officer & Director
Richard A. Baker Executive Chairman & Governor
Edward J. Record Chief Financial Officer
Janet M. Schalk Chief Technology Officer
Stephen J. Gold Chief Technology & Digital Operations Officer
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