Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Saks Spins Stores and E-Comm Into Standalone Sisters

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Are two Saks better than one? The e-commerce business of Saks Fifth Avenue (SFA) will become a standalone firm known as Saks, parent company Hudson’s Bay Co. (HBC) announced as part of its partnership with capital growth investor Insight Partners. The new arrangement yielded a $500 million minority equity stake in Saks valuing the digital…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands