CORRECTED-BUZZ-Hudsons Bay: Falls after disclosing security breach at stores

By Kitco News / April 02, 2018 / www.kitco.com / Article Link

(Corrects YTD number in last bullet)** Canadian retailer's shares fall as much as ~6.8pct after disclosing security breaches at some N. America stores ** HBC last down 4.3 pct, 5th biggest pct loser on the TSX , which is off 0.5 pct** Hudson's Bay on Sunday reported security breaches at someof its Saks Fifth Avenue, Saks OFF 5th and Lord & Taylor storesacross North America ** Co says "taken steps to contain" the breach, but does notconfirm success in securing its network or say when the breachhad begun or how many payment card numbers were taken** HBC has missed analysts' earnings estimate for at leasteight quarters, struggling amid a tough retail environment** HBC now down ~24.5 pct YTD vs. a 5.7 pct drop in the TSX (Reporting by Taenaz Shakir in Bengaluru)

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