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Macy’s Calls in Saks Split-Up Guru

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

Macy’s Inc. has hired the financial engineering wizard behind Saks’ closely watched store-digital decoupling, multiple sources confirmed to Sourcing Journal, a sign that the retailer is serious about responding to activist investors’ calls to review the fast-growing e-commerce business. In a Nutshell: Jeff Gennette, CEO of the retail giant that owns the Macy’s brand in…

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