Tag Archives: Richard Baker

Hudson’s Bay Launches Digital Group

Michael Burgess

TORONTO-Hudson’s Bay Co. has created HBC Digital, a group responsible for digital commerce and marketing across the entire company. The retailer has named Michael Burgess, president of Saks Direct, as president of the new group. Burgess reports to the Hudson’s Bay Office of the Chairman. HBC Digital is responsible for the digital commerce and marketingMore »

Hudson’s Bay Names Former Target CFO Scovanner to Head Finance

Hudson’s Bay

TORONTO-Doug Scovanner, a former executive with Target, has been named interim executive vice president of finance and accounting for Hudson’s Bay Co. Scovanner has assumed responsibility for the retail company’s financial planning, asset protection and accounting functions. Richard Baker, Hudson’s Bay governor and CEO, cited Scovanner’s “broad background” in finance, and added that Scovanner hasMore »

Acquisition Costs Boost Hudson’s Bay Q3 Loss

Hudson's Bay

TORONTO-The costs related to the company’s acquisition of Saks Inc., which closed in November, flooded additional red ink onto Hudson’s Bay Co. bottom line in its fiscal third quarter ending on Nov. 2. The retailer’s net loss in the quarter totaled C$124.2 million (U.S.$ $119.2 million), compared to C$14.4 million (about the same in U.S.More »

Harrods’ McKee to Become Saks President

Marigay McKee

TORONTO-Hudson’s Bay Co. has named Marigay McKee, chief merchant of U.K. department store Harrods, president of Saks Fifth Avenue, which Hudson’s Bay is in the process of acquiring. The appointment will take effect when Hudson’s Bay closes on its Saks acquisition, which is expected to take place at the end of the calendar year. TheMore »