Marc Metrick has been appointed president of Saks Fifth Avenue, replacing Marigay McKee, who is leaving the post after a little more than a year.
Metrick, 41, is the executive vice president and chief administrative officer of Hudson’s Bay, which bought Saks in 2013. He spent the first 15 years of his career at Saks Fifth Avenue, ultimately becoming its chief strategy officer, before joining HBC in 2012.
Gerald Storch remains CEO.
McKee, the former chief merchant of Harrods, had planned to spend $1 billion to modernize and revamp the chain to attract a younger shopper, she said. But in the end, she was “not a good fit,” Hudson’s Bay executive chairman Richard Baker told WWD, in a story that raised questions about her leadership style. During McKee’s tenure, Jennifer de Winter left her post as chief merchant and joined Tiffany & Co.
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