How Hudson’s Bay CEO Helena Foulkes Is Getting The Retailer To Focus

by MR Magazine Staff

Since taking the helm at Hudson’s Bay Co just over a year ago, Helena Foulkes has been busy streamlining the department store operator’s business. On her watch, HBC has made big moves like shedding online flash site Gilt Groupe, selling a large stake in the company’s struggling European business to a rival, shelving plans for further Saks expansion in Canada, closing the Lord & Taylor flagship in Manhattan and selling it to WeWork and most recently, announcing it would close up to 20 Saks Off Fifth stores. Instead, HBC is putting its energies into its best performing businesses—and those with most potential. “I’ve trying to get the organization to focus more,” Foulkes tells in a recent interview at HBC headquarters in New York City. Read more at Fortune.