Marc J. Metrick is Chief Executive Officer of Saks, a premier luxury ecommerce platform. A highly accomplished retail industry executive with deep experience in strategy development, merchandising, marketing, operations and finance, Metrick has nearly 25 years of experience in the industry, more than half of which included years in senior leadership roles at Saks Fifth Avenue and HBC.
Mr. Metrick previously led Saks Fifth Avenue, a role he assumed in April 2015 and during which he led a successful transformation of the retailer, resulting in several quarters of industry-leading performance. Metrick also served as HBC’s Chief Administrative Officer, reporting to the Office of the Chairman, where he developed corporate strategies for all the company’s operating units and sat on HBC’s Executive Committee. Metrick played an instrumental role in HBC’s acquisition of Saks in 2013 and focused on developing the strategy that Saks is now successfully pursuing. He joined Hudson’s Bay Company in 2012 as Chief Marketing Officer, where he oversaw all marketing and digital commerce for Hudson’s Bay and Lord + Taylor. Prior to this, Metrick served as the Chief Strategy Officer at Saks Fifth Avenue.
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 Center at The Wharton School at the University of Pennsylvania.
Metrick has a Bachelor of Science degree in Business Administration from Boston University.
Saks CEO Marc Metrick joins 'Closing Bell' to discuss how rising inflation could impact the luxury retail market. He says luxury retail is booming as there's not much inflationary price pressure in its products.
The luxury department store spun off its digital business and that move has prompted activist investors to push Macy's and Kohl's to do the same.
Saks Fifth Ave CEO Marc Metrick joins Yahoo Finance Live to discuss how the current inflationary environment has affected sales and the overall luxury industry.