Biography
Marc J. Metrick is chief executive at Saks. Metrick has more than 25 years of experience in the industry, more than half of which included years in senior leadership roles at Saks Fifth Avenue and Hudson's Bay Company.
Metrick studied Business Administration and Management at Boston University, and joined Saks’s executive training programme in 1995 before spending over 15 years in senior leadership roles at Saks and eventually becoming its chief strategy officer. In April 2012, he joined Hudson’s Bay Company as its chief marketing officer and executive vice president, overseeing marketing and digital commerce for Hudson’s Bay and Lord & Taylor. In November 2013, Metrick was appointed chief administrative officer of Hudson’s Bay Company, playing a key role in the company’s $2.9 billion acquisition of Saks in 2013. Two years later in 2015, he was promoted to the president of Saks Fifth Avenue, replacing Marigay McKee . In March 2021, Metrick was promoted to chief executive of Saks.
In March 2021, finalised the separation of Saks Fifth Avenue stores from its digital business, which led to a $500 investment from Insight Partners and a valuation of the e-commerce company totalling $2 billion. This move allowed both organisations - stores and e-commerce - to appropriately invest in their respective experiences while maintaining an exclusive partnership to deliver a seamless experience for customers. For Metrick, as CEO of Saks, the e-commerce company, he has led his team through a transformation to create the premier digital luxury platform.
In 2021, Saks added nearly 450 new brands, and as of September 2022, they added another 400, including exclusive merchandise to Saks, and have plans to continue expanding.
Metrick is a member of the executive committee of the Board of Directors of the National Retail Federation, and he is on the advisory board of the Jay H. Baker Retailing Centre at The Wharton School at the University of Pennsylvania.