Hudson’s Bay Company has appointed Paige Thomas president of Saks Off 5th, effective immediately.
“Paige has a proven track record of achieving aggressive growth within off-price retail through superior cross-channel customer experiences,” said Helena Foulkes, CEO, HBC. “With her deep merchandising background and instinct to quickly capitalize on digital opportunities, I believe Paige is the right leader to further evolve Saks Off 5th and unleash its potential as a true off-price retailer.”
Thomas, who reports to Ms. Foulkes, most recently served as evp/general merchandise manager, full price, men’s and kids at Nordstrom. Prior to that, she held the position of evp/general merchandise manager, off-price at the company for over five years. In this role, Ms. Thomas drove the growth of Nordstrom Rack, launching its e-commerce site and leading its subsequent integration with HauteLook onto a dual platform with shared inventory, as well as centralizing merchandising teams across three locations. Additionally, she oversaw the openings of over 100 stores. Prior to Nordstrom, Thomas held merchandising leadership positions at Kohl’s and Fred Meyer.
Foulkes added, “We have seen positive results from strategic shifts in Saks Off 5th’s buying, marketing and service, including three consecutive quarters of positive comparable sales, thanks in large part to our successful digital channel. I am confident in the opportunity for Saks Off 5th and believe now is the optimal time to bring in a dedicated leader. With strong presidents at the helm of HBC’s three distinct retail businesses, each is empowered to execute on their strategies and deliver unique experiences for their customers.”
With this appointment, Marc Metrick will fully focus on his role as president of Saks Fifth Avenue, as planned since he assumed leadership of Saks Off 5th in January 2018.