Hudson's Bay CEO hints that more real estate sales are in retailer's future

Richard Baker, Hudson's Bay Company's Governor and Chief Executive Officer attends the company's AGM in Toronto on Tuesday June 17, 2014. THE CANADIAN PRESS/Chris Young

June 17, 2014 - 12:19 PM

TORONTO - Hudson's Bay Co. (TSX:HBC) chief executive Richard Baker says the retailer is in the "earliest stages of unlocking value" in its real estate holdings. Baker told shareholders at the company's annual meeting that the recent $650-million sale and lease back of its Queen Street flagship store and Simpson Tower office complex in Toronto was "a glimpse into the power of our assets."

News from © The Canadian Press, 2014

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