Comment on CEO of Saks Fifth Avenue parent to step down

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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