What: Hudson’s Bay hired Nadira Singh as its new CFO.

Why is it important: Singh will report to Wayne Drummond, president of Hudson’s Bay.

HBC has been shifting its physical and digital operations over the past year. In June, the company announced it would separate Saks Off 5th’s digital arm from its brick-and-mortar stores after receiving USD200 million from Insight Partners and other investors. About two months later, the company made the same decision for Hudson’s Bay and dubbed its online business The Bay. The moves illustrate the parent company’s attempt to manage its real estate holdings as the retail industry shifts toward e-commerce.

Hudson’s Bay appoints CFO