Hudson’s Bay Company Announces Appointment of Jon K. Nordeen as Chief Information Officer

Hudson’s Bay Company ("HBC" or the "Company") (TSX:HBC) is pleased to announce the appointment of Jon K. Nordeen to the position of Chief Information Officer, effective November 2014.

Mr. Nordeen joins HBC with more than 25 years of information systems and management experience. Most recently, Mr. Nordeen served Kohl’s Department Stores in several roles including EVP Merchandise Planning, EVP Administration, and EVP Chief Information Officer. Prior to Kohl’s, Jon was CIO at Spiegel Group where he was responsible for all information systems services for its five divisions – Eddie Bauer, Spiegel Catalog, Newport News Catalog, Distribution Fulfillment Services, and First Consumers National Bank. He has also held a variety of management roles at Target Corporation.

“With our focus on growth and innovation, Jon’s business experience and understanding of emerging technology in the retail sector will be instrumental as we continue to execute our corporate strategy,” stated Richard Baker, Governor and CEO, Hudson’s Bay Company. “We are pleased to have Jon join our leadership team to deliver best-in-class Information Technologies throughout the organization.” Mr. Nordeen will report to HBC’s Office of the Chairman, comprising Richard Baker, Governor and CEO, and Donald Watros, President.

Mr. Nordeen studied computer science, accounting and corporate finance at Michigan State University and Wayne State University. He currently serves on advisory boards at Altierre Corp and MyStyleGenie.

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, two outlet stores and thebay.com. Lord & Taylor operates 50 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 80 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”.