The company has declared that it suffered loss from continuing operations of almost $8.5 million, which counts to eight cents per share, in the third quarter. Whereas, the revenue collected in the three months period ending on Oct. 27 was $930.4 million, which is an increase from $896.7 million in the same period in 2011. The net loss of the company, including the $6.5-million gain from discontinued operations, has been calculated to be almost $2 million or two cents per share.
Previously, the company enjoyed net income of almost $1.24 billion, i.e. $11.83 per share, when it went through an extraordinary gain of almost $1.25 billion from discontinued operations. At the time, HBC combined same store sales increased 3.5% in the third quarter, with an increase of 4.5% at Hudson’s Bay and 5.2 cent on a U.S. dollar basis at Lord & Taylor.