Top Stories
Top Stories
Wires

BRIEF-Hudson's Bay Exec On Tariffs -Could Have Secondary Exposure, Particularly At Lord & Taylor & Saks Off 5th Through Suppliers That May Source In China - Conf Call

Particularly At Lord & Taylor & Saks Off 5th Through Suppliers That May Source In China - Conf Call@

June 13 (Reuters) - Hudson's Bay Co:

* EXEC- INVENTORY EFFECTIVENESS IS EVEN MORE IMPORTANT IN FINDING POTENTIAL CHANGES OUR INDUSTRY IS FACING RELATED TO TARIFFS - CONF CALL

* EXEC- WE HAVE A SMALL AMOUNT OF DIRECT IMPORTS FROM CHINA & HAVE BEEN PRACTICALLY TRANSFERRING PRODUCTION TO OTHER COUNTRIES - CONF CALL

* EXEC- WE COULD HAVE SECONDARY EXPOSURE, PARTICULARLY AT LORD & TAYLOR & SAKS OFF 5TH THROUGH SUPPLIERS THAT MAY SOURCE IN CHINA - CONF CALL

* EXEC- WE HAVE NOT YET SEEN ANY IMPACT FROM TARIFFS AND WE EXPECT WE WILL BE ABLE TO MITIGATE THIS CHANGE - CONF CALL

* EXEC - IF INCREASE IN TARIFFS GO IN PLACE, CO IS WELL POSITIONED GIVEN MORE THAN 70% OF REVENUE CO HAS IN CANADA IN LUXURY RETAIL- CONF CALL Further company coverage: (Reuters.Briefszthomsonreuters.com)