#United States #New York #Saks Global #Richard Baker #Marc Metrick

Saks Global Announces New CEO Transition

New Leadership Era Begins
On January 2, 2026, Saks Global, recognized as the largest multi-brand luxury retailer worldwide, made headlines with the announcement of a pivotal leadership change. Richard Baker, the Executive Chairman of Saks Global, has accepted the role of Chief Executive Officer, effectively overseeing the company's luxury retail operations. The transition comes as previous CEO Marc Metrick, who served nearly three decades with Saks, steps down to explore new endeavors.

The Transition Plan
Baker will retain the position of Executive Chairman alongside his new responsibilities as CEO, ensuring continuity in leadership as he collaborates closely with the experienced management team. This leadership duo's focus is clear: advancing Saks Global's transformation journey while consistently delivering exceptional products and elevated experiences to meet the dynamic demands of luxury retail consumers.

Richard Baker expressed enthusiasm about this new chapter, saying, "I look forward to continuing to work with our highly experienced management team, valued partners, and other stakeholders. With our deep industry expertise and talented employees, we will enhance our position to seize the many opportunities we see in the luxury market."

Marc Metrick's Retrospective
Marc Metrick reflected on his long and fruitful career at Saks, encapsulating his tenure by stating, "I began my career at Saks in 1995 and have had the privilege of serving in many roles... From building a world-class team to establishing Saks.com as a leading luxury e-commerce platform, I am proud of our accomplishments together." His contributions, particularly in the areas of merchandising, marketing, and strategy, helped shape Saks into a leading luxury brand. Metrick's legacy is underpinned by his successful navigation through one of retail's most dynamic periods, driving growth and innovation.

A Vision for Luxury Retail
As Baker steps into the dual role of CEO and Executive Chairman, he notes the importance of strategic leadership in building a resilient future for Saks Global. The luxury sector's landscape is ever-evolving, with excess competition and consumer expectations rising swiftly. However, with a strategically aligned team and robust industry relationships, Baker is optimistic about capitalizing on upcoming opportunities in luxury retail.

Saks Global’s diverse retail portfolio includes esteemed brands such as Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and others, boasting 70 full-line luxury locations and a strong e-commerce presence. As the company aims to redefine the luxury shopping experience, Baker's leadership commitment will focus on personalization and exceptional service delivery, key aspects needed to cater to discerning luxury consumers.

Future Outlook
As the retail landscape continues to shift, Saks Global is poised to embrace technological advancements and powerful data analytics to enhance customer experience and refine operational strategies. By leveraging North America's most comprehensive luxury customer data platform, the company aspires to set new standards in luxury shopping, underscoring its dedication to 'The Art of You' — a concept aimed at providing each customer with a uniquely personalized shopping experience.

With Baker at the helm, the company's direction seems promising as it embarks on its next major phase of transformation, navigating challenges and leveraging opportunities unique to the luxury retail industry. The transition emphasizes resilience and innovation — hallmark traits that will shape Saks Global’s continued growth in a competitive market.