Hudson’s Bay Company Announces Appointment of John Caplice to Senior Vice President, Treasury and Investor Relations

Hudson’s Bay Company ("HBC" or the "Company") (TSX:HBC) announced today the appointment of John Caplice to the position of Senior Vice President, Treasury and Investor Relations, effective September 2nd, 2014. Lucas Evans has been appointed Senior Vice President, Corporate Development, HBC, reporting to the Office of the Chairman.

With more than 25 years of management experience, Mr. Caplice is a seasoned senior executive with extensive experience in financial management and strategic communications development. From 2000 to 2014, he served as Senior Vice President, Treasurer & Investor Relations at Shoppers Drug Mart Corporation, Canada’s largest retail drug store chain, with annual sales in excess of $11 billion. While at Shoppers Drug Mart, Mr. Caplice was responsible for treasury and compliance activities, as well as developing and implementing communication strategies, including earnings releases, MD&As, and quarterly and annual reports to shareholders. Mr. Caplice is a Chartered Accountant and holds a BBA from St. Francis Xavier University in Antigonish, Nova Scotia, where he currently serves on the Board of Governors.

Commenting on the new appointment, Hudson’s Bay Company Governor and CEO Richard Baker said, "We are pleased to welcome John to HBC during this very exciting time for the Company.” He added, “With his strong track record of success and experience in the retail sector, John will be an integral part of our senior management team as we continue to expand in North America and drive forward our goals for continued growth and innovation.”

Mr. Caplice will be based in Toronto and will report to Paul Beesley, Chief Financial Officer, Hudson’s Bay Company.

About Hudson’s Bay Company

Hudson's Bay Company, founded in 1670, is North America's longest continually operated company. Today, HBC offers customers a range of retailing categories and shopping experiences primarily in the United States and Canada. Our leading banners – Hudson's Bay, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH – offer a compelling assortment of apparel, accessories, shoes, beauty and home merchandise. Hudson’s Bay is Canada's most prominent department store with 90 full-line locations, one outlet store and thebay.com. Lord & Taylor operates 49 full-line locations primarily in the northeastern and mid-Atlantic U.S., four Lord & Taylor outlet locations and lordandtaylor.com. Saks Fifth Avenue, one of the world's pre-eminent luxury specialty retailers, comprises 39 U.S. stores, five international licensed stores and saks.com. OFF 5TH offers value-oriented merchandise through 78 U.S. stores and saksoff5th.com. Home Outfitters is Canada's largest kitchen, bed and bath specialty superstore with 69 locations. Hudson’s Bay Company trades on the Toronto Stock Exchange under the symbol “HBC”.