HBC: Marc Metrick, President of Saks Fifth Avenue to expand leadership role to include Gilt and Saks OFF 5TH

TORONTO & NEW YORK, 2018-Jan-11 — /EPR Retail News/ — HBC today (January 9, 2018) announced that Marc Metrick, President of Saks Fifth Avenue, will expand his leadership role to include Gilt and Saks OFF 5TH. In this capacity, Mr. Metrick will lead distinct teams and work to ensure that each business remains well positioned to execute within their respective operating structures.

“Since assuming leadership of Saks Fifth Avenue in 2015, Marc has successfully implemented strategies to enhance business performance and elevate the Saks experience to be at the forefront of luxury retailing,” said Richard Baker, Governor, Executive Chairman and Interim CEO. “Marc’s ability to shape and evolve the shopping experience is critical for success in an ever-changing retail environment, and I have great confidence that he will position Gilt and Saks OFF 5TH to drive improved performance.”

Mr. Metrick said, “I’m excited to work closely with the entire team at Gilt and Saks OFF 5TH to drive performance and move the business forward. There is opportunity for growth at both businesses, especially on their respective digital platforms. I look forward to collaborating with the leadership team to position the business for future success.”

As a long-tenured retail executive, Mr. Metrick has served in a number of leadership roles for HBC and Saks Fifth Avenue. Since April 2015, he has held the role of President, Saks Fifth Avenue. Prior to this, he served as Chief Marketing Officer and Chief Administrative Officer of HBC, where he was responsible for corporate strategy and administration for all of HBC’s retail businesses. Mr. Metrick spent the first 15 years of his career at Saks Fifth Avenue, ultimately becoming its Chief Strategy Officer before joining the leadership team of HBC in 2012. At HBC, Mr. Metrick played an instrumental role in the acquisition of Saks Fifth Avenue and has since focused on driving growth there.

With this change in leadership, Jonathan Greller will leave HBC effective January 12.

Mr. Baker said, “Jonathan has worked with the team to integrate Gilt and Saks OFF 5TH, bring Saks OFF 5TH to Canada and open more than 45 stores across North America. We thank Jonathan for his many contributions to HBC and wish him well in his future endeavors.”

About HBC
HBC is a diversified global retailer focused on driving the performance of high quality stores and their allchannel offerings, growing through acquisitions, and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and over 66,000 employees around the world.

HBC’s leading banners across North America and Europe include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Galeria Kaufhof, the largest department store group in Germany, and Belgium’s only department store group Galeria INNO.

HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.

MEDIA:
Andrew Blecher
Phone: (646) 802-4030
Press@hbc.com

INVESTOR RELATIONS:
Elliot Grundmanis
Phone: (646) 802-2469
Email: elliot.grundmanis@hbc.com

Source: HBC

Hudson’s Bay Company to open its first Quebec Saks Fifth Avenue store in Montreal in Fall 2018

Hudson's Bay Company to open its first Quebec Saks Fifth Avenue store in Montreal in Fall 2018
Hudson’s Bay Company to open its first Quebec Saks Fifth Avenue store in Montreal in Fall 2018

 

NEW YORK & MONTREAL, 2016-Sep-23 — /EPR Retail News/ — Hudson’s Bay Company (TSX:HBC) today (September 22, 2016) announced plans to open its first Quebec Saks Fifth Avenue location in Montreal, within the historic Hudson’s Bay on Boulevard de Maisonneuve. The approximately 200,000 square-foot, multi-level store will be the largest Saks Fifth Avenue store in Canada and, similar to the award-winning approach taken at CF Toronto Eaton Centre, will be co-located with Hudson’s Bay in the same building. The opening is planned for Fall 2018.

The new Saks flagship store will offer customers designer product including: women’s designer ready-to-wear, handbags, accessories, beauty and men’s. The store will feature some of Saks’ exclusive offerings, including: 10022-SHOE, Saks Fifth Avenue’s signature women’s designer shoe salon, and a full service Fifth Avenue Club, complete with private suites and personal shopping consultants. Unique to the Montreal store will be a Quebec-themed Saks Fifth Avenue food hall.

“We are excited to bring the distinctive Saks Fifth Avenue experience to Montreal, which has long been a destination for fashion in Canada,” commented Marc Metrick, President, Saks Fifth Avenue. “Shoppers here are known for their impeccable style and we’re confident that Saks’ superior designer merchandise and exemplary customer service will be as well-received here as it has been across Canada.”

Hudson’s Bay will undergo an extensive renovation that will reconfigure the store layout, redefine departments and enhance the overall shopping environment. The multi-million dollar investment in Canada’s iconic store will touch all levels of the building, and further positions Hudson’s Bay as the most exciting department store in Canada. The new concept for Hudson’s Bay will introduce the most modern department store shopping experience while maintaining the company’s heritage. The plans build on the success of the company’s Queen Street flagship, where Hudson’s Bay and Saks Fifth Avenue are co-located and offer an unparalleled shopping experience.

“The reimagining of our iconic Montreal location is a significant milestone in the evolution of our Hudson’s Bay store, given the importance of the Quebec customer to our business,” stated Liz Rodbell, President, Hudson’s Bay and Lord & Taylor. “In today’s digital world, our store experience is paramount in our mission to entertain and delight our customers. This renovation will keep Hudson’s Bay central to our customers’ shopping experience for years to come.”

Saks Fifth Avenue currently has two full-line stores in Canada at CF Toronto Eaton Centre and CF Sherway Gardens, and has announced plans for a store in Calgary, Alberta.

Hudson’s Bay will remain open throughout the renovation process.

ABOUT SAKS FIFTH AVENUE
Saks Fifth Avenue, one of the world’s pre-eminent specialty retailers, is renowned for its superlative American and international designer collections, its expertly edited assortment of handbags, shoes, jewelry, cosmetics and gifts, and the first-rate fashion expertise and exemplary client service of its Associates. As part of the Hudson’s Bay Company brand portfolio, Saks operates 40 full-line stores in 22 states and Canada, five international licensed stores and saks.com, the company’s online store.

ABOUT HUDSON’S BAY
Hudson’s Bay Company, incorporated in 1670, is North America’s oldest company. Hudson’s Bay has grown to become Canada’s most prominent department store, today operating 90 full-line locations and thebay.com. It has established a reputation for quality, service, and style by offering well-edited assortments of exclusive and popular fashion, beauty, home and accessory designers and brands. It is part of the Hudson’s Bay Company brand portfolio.

ABOUT HUDSON’S BAY COMPANY
Hudson’s Bay Company is one of the fastest-growing department store retailers in the world, based on its successful formula of driving the performance of high quality stores and their all-channel offerings, unlocking the value of real estate holdings and growing through acquisitions. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes ten banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with more than 470 stores and 66,000 employees around the world.

In North America, HBC’s leading banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, and Saks OFF 5TH, along with Find @ Lord & Taylor and Home Outfitters. In Europe, its banners include GALERIA Kaufhof, the largest department store group in Germany, Belgium’s only department store group Galeria INNO, as well asSportarena.

HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in theHBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.

MEDIA CONTACTS:
Hudson’s Bay Company
Tiffany Bourré
905-595-7184
Director, Corporate Communications
Tiffany.bourre@hbc.com

Hudson’s Bay Company
Jen Vargas
646-802-2952
VP, Corporate Communications
Jen.vargas@hbc.com

Source: Hudson’s Bay Company

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The National Retail Federation announces new members to its Board of Directors

Washington, DC, 2016-Jan-20 — /EPR Retail News/ — The National Retail Federation today announced the addition of five retail company executives and a state retail association president to its Board of Directors.

“These new board members are thought leaders with decades of experience in every aspect of the retail industry,” NRF President and CEO Matthew Shay said. “They will be invaluable assets in guiding NRF as we advocate on behalf of retailers everywhere.”

The new board members, who were elected Sunday at NRF’s Retail’s BIG Show annual convention in New York, include:

  • B.J.’s Wholesale Club President, CEO and Director Christopher Baldwin
  • J.C. Penney CEO Marvin Ellison
  • Disney Consumer Products Executive Vice President of Disney Retail Paul Gainer
  • Kentucky Retail Federation President Tod Griffin
  • Saks Fifth Avenue President Marc Metrick
  • STORY Founder and CEO Rachel Shechtman

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. nrf.com

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Kathy Grannis Allen

(202) 783-7971
press@nrf.com
(855) NRF-Press