HBC Splits Saks OFF 5TH Into Online and In-Store Businesses — a Path Other Brands May Follow
Retail TouchPoints
JUNE 22, 2021
HBC will spin off the ecommerce operations of Saks OFF 5TH into its own independent entity through a partnership with Insight Partners. The company received a $200 million equity investment in a round led by Insight Partners, which will help her enhance omnichannel capabilities, including fulfillment and logistics improvements.
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