Hudson Bay Company lowers the size of its IPO to C$365M from C$400M, according to sources. The...

|By:, SA News Editor

Hudson Bay Company lowers the size of its IPO to C$365M from C$400M, according to sources. The operator of Lord & Taylor in the U.S. and Hudson's Bay in Canada continues to post same-store sales gains even with competition increasing in key markets, but Canadian investors have shown lukewarm interest in the IPO with Sears Canada a high-profile disappointment in the sector.