 |
| Gerald (Jerry) Storch |
Gerald (Jerry) Storch, a veteran of Toys R Us Inc and Target Corp, has been appointed the new chief executive of Hudson’s Bay Co. Mr. Storch will have responsibility for guiding The Bay and its blue chip subsidiaries Lord and Taylor and Saks to a successful launch in Canada and especially to expand their online presence. Storch replaces Richard Baker. He remains at vice-preident and governor. Hudson’s Bay’s total online sales touched C$228 million ($196 million) in the third quarter, accounting for about 12 percent of the company’s retail sales. Storch’s appointment will come into effect on Jan. 6, Hudson’s Bay said on Wednesday. Baker will continue as governor and executive chairman of the company, a centuries-old firm with roots in the fur trade. Reuters
