Hudson’s Bay Company Appoints Jonathan Greller to President, Outlets

Hudson’s Bay Company (TSX: HBC) (“HBC” or the “Company”) today announced the appointment of Jonathan Greller to President, Outlets, effective immediately. As President, Mr. Greller will lead all three HBC outlet banners: Saks Fifth Avenue OFF 5TH, Lord & Taylor outlets and Hudson’s Bay outlets. Mr. Greller is formerly Group SVP, Private Brand Apparel, Global Sourcing and Specialty for HBC and Lord & Taylor. Mr. Greller will report directly to the Office of the Chairman.

With over 20 years of experience at HBC and Lord & Taylor, Mr. Greller is well-positioned to lead Saks OFF 5TH as it embarks on a significant growth initiative with its entry into the Canadian marketplace. HBC plans to expand the full Saks' banner to Canada, opening as many as seven full-line Saks Fifth Avenue stores and up to 25 OFF 5TH outlet locations over the next several years, as well as expand Saks' e-commerce presence in Canada by establishing a Canadian saks.com website. HBC will also continue Saks' existing plans to further expand the OFF 5TH footprint in the U.S.

“This is an exciting time for HBC and the Saks brand, as we look forward to our expansion into Canada,” said Richard Baker, Governor and CEO, HBC. “Jonathan’s experience and proven track record of success will help drive our growth strategy and elevate the Saks OFF 5TH experience on both sides of the border, and further develop the outlet platform for our Lord & Taylor and Hudson’s Bay banners,” he added.

In November 2013, HBC completed the acquisition of Saks Fifth Avenue; a merger that created a premier North American fashion retail business centered on three iconic retail brands - Hudson's Bay, Lord & Taylor and Saks Fifth Avenue. HBC currently operates 72 Saks OFF 5TH locations, four Lord & Taylor outlets and one Hudson’s Bay outlet location.

Mr. Greller began his career with Lord & Taylor in 1993 and worked in many executive merchandising roles before rising to Group SVP for HBC and Lord & Taylor. He holds a B.S. in Retailing from Syracuse University, where he also currently serves on the retail advisory board.

About Hudson's Bay Company

Hudson's Bay Company (HBC), founded in 1670, is North America's longest continually operated company. Today, HBC offers customers an unparalleled range of retailing categories and shopping experiences internationally. In Canada, HBC operates Hudson's Bay, Canada's largest department store with 90 full-line locations and one outlet store as well as thebay.com, unsurpassed in its fashion, beauty, home and accessory designers and brands. HBC also operates Home Outfitters, Canada's largest home specialty superstore with 69 locations across the country.

In the United States, HBC operates Saks Fifth Avenue, one of the world's pre-eminent specialty retailers, renowned for its superlative designer collections and first-rate fashion expertise. Saks Fifth Avenue comprises 41 full-line stores in 22 states, five international licensed stores, saks.com, 72 Saks Fifth Avenue OFF 5TH stores and saksoff5th.com. HBC also operates Lord & Taylor, a leading department store chain with 49 full-line store locations throughout the northeastern United States, in two major cities in the Midwest and in Boca Raton, Florida, and lordandtaylor.com. Hudson's Bay Company banners provide stylish, quality merchandise with a dedicated focus on service excellence. Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".