A familiar face resurfaces at Saks, this time as president
April 6, 2015 11:41 AM
Hudson’s Bay Co. has named Marc Metrick as president of the Saks Fifth Avenue department store chain, replacing Marigay McKee in the role she held for 15 months.
Metrick worked for Saks for 15 years before joining Hudson’s Bay Co. in 2012 as chief marketing officer overseeing marketing and digital functions for the Hudson’s Bay and Lord & Taylor brands. When Hudson’s Bay Co. acquired Saks for $2.9 billion the following year, Metrick was named executive vice president and chief administrative officer for Hudson’s Bay Co. Hudson’s Bay is No. 130 in the Internet Retailer 2014 Top 500 Guide.
Hudson Bay Co. says Metrick has helped integrate Saks Fifth Avenue into the company since the acquisition and has helped build SaksFifthAvenue.com’s business. When Metrick left Saks in 2012 he had been chief strategy officer for about five years. Sak’s web sales have grown about 20% annually for the last several years, according to Top500Guide.com sales estimates. Saks Direct, with $1.08 billion in 2013 web sales, was No. 38 in the 2014 edition of the Top 500 Guide. Going forward, those sales will be recorded under Hudson’s Bay Co.
“It is not often that one has the opportunity to lead the company where they started and grew up,” Metrick says. “Saks Fifth Avenue has played such a pivotal role in shaping who I have become as an executive, and I cannot be more excited than to lead Saks Fifth Avenue.”
As president of Saks, Metrick will continue to report to Gerald Storch, whom Hudson’s Bay Co. hired as CEO in January.