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

HUDSON'S BAY CO (HBC)
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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 CET

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 2018 14 416 M
EBIT 2018 -279 M
Net income 2018 -500 M
Debt 2018 3 462 M
Yield 2018 0,96%
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,38x
EV / Sales 2019 0,35x
Capitalization 1 947 M
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Mean consensus HOLD
Number of Analysts 11
Average target price 12,7  CAD
Spread / Average Target 19%
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Managers
NameTitle
Richard A. Baker Executive Chairman & Chief Executive Officer
Edward J. Record Chief Financial Officer
Janet M. Schalk Chief Technology Officer
Robert C. Baker Director
David G. Leith Lead Independent Director
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