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Hudson's Bay Co. Appoints New CEO
July 18, 2008
Richard Baker, governor of Toronto-based Hudson's Bay Co., which is being acquired by Purchase, N.Y.-based NRDC Equity Partners LLC, announced that Jeffrey Sherman will be appointed as CEO of the company. Sherman joins Hudson's Bay Co. from the Polo Ralph Lauren Corp., where he held the position of president and COO, Polo Retail Group. At Polo Retail Group, Sherman was responsible for overseeing operations of the company's global-owned retail stores in the United States, Europe and Asia, the global Polo outlet division, Rugby, Club Monaco and Ralphlauren.com. Sherman has also served as CEO of The Limited stores and as president and COO of Bloomingdale's. Sherman will be responsible for all of the Hudson's Bay Co. banners in Canada--The Bay, Zellers, Home Outfitters and Fields.
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DDI visited the new JCPenney department store at Manhattan Mall in New York and spoke with store manager Joe Cardamone. Below is video of that conversation paired with a walk-through tour of the new store. For more on the JCPenney store, look out for DDI's November/December issue mailing out at the end of November.
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