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Marigay McKee exits Saks after 15 months

Marigay McKee has left Saks Fifth Avenue after just 15 months as president. Richard Baker, executive chairman of Hudson’s Bay Company, which owns the US department store group, said “the fit wasn’t perfect” between McKee and Saks, according to The Telegraph.

The former chief merchant at Harrods has been replaced by Marc Metrick, an executive with Saks’ parent Hudson’s Bay Company. He had spent 15 years at Saks, holding merchandising and strategy roles before becoming chief strategy officer. Most recently he has been Hudson Bay’s chief administrative officer.

McKee joined Saks on January 1 2014. Her strategy for Saks involved spending $1.25bn (£838m) on refurbishing stores and adding more contemporary fashion brands, with the intention of attracting younger customers.

In a statement, Hudson’s Bay said McKee was stepping down as president of Saks Fifth Avenue by “mutual agreement”. Baker added: “We thank Marigay for her contributions to elevating the Saks Fifth Avenue experience, and wish her all the best in her future endeavours.”

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 next move is not known.

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