Marigay McKee, former Harrods director, has left her position as president of Saks Fifth Avenue after just 15 months, and Marc Metrick, an executive with Saks’ parent Hudson’s Bay Co, has been named as her successor.
Richard Baker, executive chairman of Hudson’s Bay Co has stating that “the fit wasn’t perfect” between McKee and Saks, according to The Telegraph, with a statement adding that the former chief merchant at Harrods stepped down as president by “mutual agreement”.
Baker added: “We thank Marigay for her contributions to elevating the Saks Fifth Avenue experience, and wish her all of best in her future endeavours.”
McKee joined Saks on January 1, 2014 and she was tasked with re-inventing the American department store chain and was given more than 1 billion dollars to refurbish stores and add more contemporary fashion brands, with the aim of attracting younger customers.
Commenting on her departure, McKee said: “I am pleased with the journey we’ve been on these past 15 months and am proud of the renewed positioning of the Saks Fifth Avenue brand.”
Her replacement, Metrick had spent 15 years at Saks, holding merchandising and strategy roles before becoming chief strategy officer, before taking a role with the group’s parent company. Most recently was HBC’s executive vice president and chief administrative officer.