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Hudson's Bay revenue falls 3% on fewer stores, lower sales at Lord & Taylor

Credit: REUTERS/© Chris Helgren / Reuters

Canadian department store operator Hudson's Bay Co on Thursday reported a 3.3% fall in first-quarter revenue on fewer stores and lower sales in its Lord & Taylor unit.

June 13 (Reuters) - Canadian department store operator Hudson's Bay Co HBC.TO on Thursday reported a 3.3% fall in first-quarter revenue on fewer stores and lower sales in its Lord & Taylor unit.

The owner of Saks Fifth Avenue and Lord & Taylor retail chains said earlier this week it was evaluating an offer from Executive Chairman Richard Baker and other shareholders to take the company private for C$1.74 billion ($1.3 billion) in cash.

Total revenue fell to C$2.12 billion ($1.59 billion) from C$2.19 billion, a year earlier.

($1 = 1.3302 Canadian dollars)

(Reporting by Shanti S Nair in Bengaluru; Editing by Shailesh Kuber)

((ShantiS.Nair@thomsonreuters.com; +1 646 223 8780 Ext: 9897; Reuters Messaging: shantis.nair.thomsonreuters.com@reuters.net))

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