Canadian department store retailer Hudson’s Bay has appointed Iain Nairn, former CEO of Australian retailer David Jones, as its new president.
Nairn took up the role with the company, which last week accepted a bid to be taken private, on 12 January. He reports directly to CEO Helena Foulkes.
Most recently, Nairn was CEO of kikki.K, a global Swedish design and stationery business, with 102 namesake stores and product lines available in over 147 countries worldwide. Previously, he was CEO of David Jones, Australia’s leading premium omnichannel department store chain, where he helped to increase profitability and delivered comp store sales growth in his first year.
“We took time to conduct a thorough, worldwide search to ensure we found the right person to lead the business and steward the Hudson’s Bay brand,” said Foulkes. “Iain brings strong leadership, sharp focus and in-depth expertise that I believe will make a positive impact on Hudson’s Bay.
“To date, the team has made great strides in fixing the fundamentals, evolving our service model and elevating our merchandise assortment. There is a tremendous opportunity in Canada to deliver an outstanding customer experience and I am excited to work with Iain to elevate the brand and drive performance for future success.”
Hudson’s Bay is North America’s oldest company and Canada’s leading department store, operating 89 full-line locations.