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Saks owner Hudson's Bay hires CVS Health executive as CEO

Firm seeking ways to improve digital strategy as more shoppers shift away from physical stores to online

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At CVS, Ms Foulkes ran the company's vast network of 9,700 retail stores and was credited with building its online prescription refill business.

New York

HUDSON'S Bay, the owner of Saks Fifth Avenue and Lord & Taylor, has hired a top executive from CVS Health in an effort to transform its struggling department store business.

Helena Foulkes, president of CVS' pharmacy division, was named chief executive of Hudson's Bay

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