4 Consumer Stock Stories for a Tuesday Investment Shopping Experience
Saks Inc. (NYSE:SKS): Closing price $15.88
Marigay McKee, chief merchant at Harrods in London, has been chosen by the owner of Saks Fifth Avenue as its new president. The New York Post reported exclusively on Monday that McKee had topped a list of candidates, including Tony Spring of Bloomingdale’s, Jim Gold of Neiman Marcus, and Brendan Hoffman of Bon-Ton Stores. McKee will replace outgoing President Ron Frasch, taking over at Saks in December after the expected shareholder approval of its $2.4-billion acquisition by Hudson’s Bay Co.