HBC Splits Saks OFF 5TH Into Online and In-Store Businesses — a Path Other Brands May Follow
Retail TouchPoints
JUNE 22, 2021
The department store retailer took a similar route by dividing Saks Fifth Avenue into distinct ecommerce and brick-and-mortar companies — a move that could become a trend among apparel and specialty retailers. Accelerated by COVID, many apparel and specialty retailers are asking, ‘What is the purpose of the physical store?’
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