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Saks puts hopes on US$250m, three-year restoration of Fifth Avenue flagship store

Mr Metrick, who worked for almost two decades at Saks and Hudson's Bay in less-glamorous positions, gives off the air of a corporate lifer who has long toiled for uninspired bosses and now unexpectedly finds himself in charge.

New York

MARC Metrick stepped off a freight elevator at Saks Fifth Avenue one recent afternoon and navigated his way past mangled wires and bare concrete beams, his Prada lace-ups crunching on broken glass.

"The staircase is going to come up here," he said, on the gutted fourth...

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