Hudson's Bay chief resigns unexpectedly

Oct. 31, 2017

Gerald Storch, CEO of Hudson's Bay Co., has resigned unexpectedly and the retailer is not offering up a reason for his leaving, according to a Reuters report.

Storch will leave his post as of Nov. 1 and is reportedly returning to run his advisory firm, Storch Advisors. The retailer is downplaying the executive move.

"I still firmly believe in the future of the department stores," Interim CEO Richard Baker said in a memo, according to Reuters.


Topics: Workforce Management


Sponsored Links:


Related Content


Latest Content

Get the latest news & insights


NEWS

RESOURCES

TRENDING

FEATURES

Surviving the retail revolution: 2018 will be a wild ride