Hudson’s Bay Company (HBC) has named Paige Thomas as president of Saks Off 5th, effective immediately. Thomas is a highly-regarded, results-oriented executive, with extensive experience growing and leading retail businesses, particularly in the off-price segment.
Thomas, who reports to Helena Foulkes, the CEO of HBC, most recently served as executive vice president, general merchandise manager of full price – men’s and kids at Nordstrom, Inc. Prior to that, she held the position of executive vice president, general merchandise manager, off-price at the company for over five years. In this role, Thomas drove the growth of Nordstrom Rack, successfully 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.
“Paige has a proven track record of achieving aggressive growth within off-price retail through superior cross-channel customer experiences,” said Foulkes. “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.”
“Saks Off 5th is well-positioned in the off-price sector with a strong digital platform, strategic store footprint and an exciting assortment of luxury finds,” added Thomas. “There is significant runway ahead for this business and I look forward to building on the team’s strategy to provide customers with a best-in-class experience, both in-store and online, and of-the-moment merchandise they expect from a leading off-price retailer.”
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.