He has most recently served as the company’s senior vice president and general merchandise manager of menswear and concession of HBC’s Saks Fifth Avenue brand.
HBC has also announced that it will reduce its employee base by approximately 2,000 positions in order to make the company more nimble.
The British fashion chain will be opening a second store in mid-August with more than 1,500 square-meters of retail space in Munich’s Galeria Kaufhof.
The company’s chief financial officer, Paul Beesley, has made the decision to resign in early July in order to return home to Canada to be closer to his family.
The Canadian retail giant was recognized as a pioneer in cross-border commerce and a partner focused on continuous innovation.
Dr. Link will lead the company’s expansion and growth strategy for the European business including Galeria Kaufhof, Galeria Inno, and the entrance of Hudson’s Bay and Saks Off 5TH.
The Canadian department store chain reported lower sales in the fourth quarter, hurt by weaker results at its European, Saks OFF 5th and Gilt operations.
The international retailer lowered its Fiscal 2016 Sales, EBITDA and EBITDAR outlooks after holiday sales failed to live up to expectations.
In this newly created position, Burstell will develop and lead partnerships to drive innovative and exclusive offerings across all of HBC’s banners globally.
These sweaters incorporate Goldberg’s whimsical, humorous take on the holidays and are crafted in such fabrics as alpaca, wool and cashmere.
The approximately 200,000 square-foot, multi-level store will offer customers a significant assortment of menswear as well as a full service Fifth Avenue Club.
The Canadian company’s consolidated retail sales increased 59.6 percent to $3.25 billion, primarily as a result of the addition of HBC Europe and Gilt.
Hudson’s Bay Company has closed a new $400 million, five-year mortgage on the Lord & Taylor flagship property in New York City, to refinance the existing mortgage of $250 million due September 2017.
Hudson’s Bay Company has announced that Bonnie Brooks, vice chair of HBC, will retire on December 31 after a 40-year career in retail.
Menswear designer Zachary Prell has partnered with Gilt to launch a full-priced, ‘see now, buy now’ capsule collection that will coincide with Prell’s presentation at New York Fashion Week: Men’s.
Hudson’s Bay Company has been selected as one of Corporate Knight magazine’s Best 50 Corporate Citizens in Canada, for the second year in a row.
This year marks the 75th anniversary of the Father of the Year awards, presented by the Father’s Day Council, which honored Vice President Joe Biden, Hudson’s Bay CEO Jerry Storch and football superstar Joe Namath.
Hudson’s Bay Company reported consolidated retail sales of $3,303 million, an increase of 59.4 percent from the prior year, primarily as a result of the addition of HBC Europe and Gilt.
Canada-based retailer Hudson’s Bay Company has announced that it is expanding its European presence with plans for up to 20 new stores in the Netherlands over the next 24 months.
Golf Canada and Hudson’s Bay Company are partnering on the uniforms that Team Canada golfers will wear when golf makes its historic return to the 2016 Olympic Games after a 112-year hiatus.