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Tuesday, December 11, 2012

Hudson's Bay reports quarterly loss, sees Sandy impact, (NASDAQ: THFF)

Department store operator Hudson's Bay Co posted a quarterly net loss on Tuesday in its first financial report since going public and warned that the impact of superstorm Sandy would weigh on its sales in the current period.HBC may one day spin off its property assets into a real estate investment trust, Chief Executive Richard Baker said, following a path taken recently by Loblaw Cos Ltd, Canada's No.1 grocery store operator."We've always believed that sometime in the future we could have the opportunity to create a REIT, similar to what Loblaw's is proposing," said Baker, who is best known as a real estate investor."We are not presently working on this plan, but it is something that we often talk about," he said on a conference call with analysts and investors.

First Financial Corporation is a financial holding company. Shares of THFF traded higher by 0.3% or $0.09/share to $29.68. In the past year, the shares have traded as low as $27.07 and as high as $37.30. On average, 24200 shares of THFF exchange hands on a given day and today's volume is recorded at 4475.