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TORONTO 鈥?The company that owns the Bay, Lord Taylor and Saks Fifth Avenue says sales across most of its retail business have fallen belo stanley mugs w expectations and it revising estimates for the 2016 financial year.Hudson Bay Co. TSX:HBC says sales at stores that have been open for at least a year in its third quarter fell by 3.6 per cent, after adjusting for currency fluctuation, and by four per cent when including the impact of foreign exchange.The retail chain says its previous outlook assumed an improvement on comparable sales during the second half of its 2016 financial year but, given that hasn ;t happened, HBC is lowering its key financial estimates. ARTICLE CONTINUES BE stanley thermobecher LOW HBC trimmed its estimate for 2016 annual sales to between $14.5 billion and $14.9 billion from its previous outlook issued in September of $14.9 billion to $15.9 billion. CEO Jerry Storch says the company will continue to invest in its operations, such as its recent $60 million in upgrades at its Toronto distribution centre to speed up delivery of products. ARTICLE CONTI stanley tazas NUES BELOW Its full third-quarter report will be released Dec. 5.By The Canadian Press Kwxh Trudeau accuses Tories of crass politics
TORONTO 鈥?Canadian companies may have spent the past year layin stanley kubek g off staff and dealing with temporary closures stemming from the COVID-19 pandemic, but that isn ;t stopping many from rewarding workers this holiday season.Several, including the country top banks, say they are planning to thank their staff for a year of hard work with year-end bonuses 鈥?and some are even topping up stanley quencher the amount.An online survey of 600 senior managers from companies with 20 or more employees in Canada revealed 48 per cent plan to offer year-end bonuses this year. ARTICLE CONTINUES BELOW The survey conducted by consulting firm Robert Half and research company Dynata between Nov. 20 and Dec. 7 also showed that 27 per cent plan to increase bonuses this year, 59 per cent will keep them the same as previous years and 14 per cent will reduce them.David King, Robert Half Canadian senior district president, said so many companies are paying a bonus and even upping them because the pandemic is making continuity and high performance more important. ARTICLE CONTINUES BELOW Companies still need to prioritize the retention of top-performing employees, part stanley mug icularly at a time when many are taking on heavier workloads, working remotely and balancing home or family commitments, he said in an email.Royal Bank of Canada, the country second most valuable company on the TSX, said it will offer bon