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saks fifth avenue prada bags posh handbags and clothing despite global economic challenges. Global luxury sales, including higher end jewelry and clothes, rose an estimated 10 percent to $281.96 billion last year, according to the latest study from Bain Co. In North America, luxury sales were up an estimated 12 percent to $81.33 billion.Hudson's Bay growth impacted by lower sales at Lord TaylorThe Bay is the flagship department store within the Hudson Bay Company. With 90 locations from coast to coast, The Bay is a full line department store chain focused on high fashion merchandise in apparel, accessories and soft home categories. The Bay offers quality merchandise at mid to upper price points accompanied by traditional department store services. Committed to delivering excellent value and consistent, reliable service, Bay stores are located in suburban and urban markets, along with a dominant position in the downtown cores of Canada major cities.Canadian retailer Hudson's Bay Co. TSE:HBC Thursday said consolidated same store sales increased 1.9 per cent for the period ended December 29, 2012, but fell 4.4 per cent at its Lord Taylor stores.For the nine week period, adjusting for the US$20 million impact of Hurricane Sandy, the company said consolidated same store sales would have increased 3.7 per cent.Retail sales increased 2.3 per cent from the same period last year, with same store sales at Hudson Bay stores rising 6.7 per cent. While Lord Taylor same store sales fell 4.4 per cent, the company said they would have increased 0.8 per cent without the impact of Hurricane Sandy.Hudson Bay said retail sales growth was driven by continued strength in men's apparel, handbags, fine jewellery, watches, Topshop branded apparel, cosmetics and fragrances.Sales from the company's Omni channel initiatives grew 59.3 per cent from $30.2 million to $48.1 million for the period, excluding in store returns.Over the 48 week period ended December 29, 2012, retail sales increased by 4.6 per cent, while consolidated same store sales increased by four per cent, with an increase of 5.5 per cent at Hudson's Bay and two per cent at Lord Taylor.In addition, sales from the company's Omni channel initiatives grew 63.5