At the same time as it was opening its first store in the Netherlands in Amsterdam, Hudson's Bay was announcing that it was exploring ways of creating value for shareholders through better use of its retail and real estate assets. The company is selling leases as well as "re-purposing existing floor space". While revenue in the second quarter was slightly up, this was due mainly to new store openings and growing digital sales. The net loss for the quarter widened to C$ 201m and comparable sales were down. Shares fell 6.8% (down 38.3% over the past 52 weeks), and the company said it was cutting 2000 jobs as part of a major restructuring.