Ceo Of Saks Fifth Avenue Parent To Step Down

NEW YORK (AP) — The parent of Lord & Taylor and Saks Fifth Avenue says its CEO Jerry Storch is stepping down and will return to his advisory firm on Nov. 1. Storch has been the CEO of Toronto-based Hudson's Bay, which also operates the department store chain under its namesake, since January 2015. Hudson's Bay says it has retained an executive search firm to recruit a new CEO.

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