Saks Fifth Avenue CEO Marc Metrick said Friday that splitting the e-commerce and brick-and-mortar sides of the luxury retailer into two companies is allowing it to win additional shoppers and cater to them differently.
“It’s a new focus and it’s a new way of running the business and the customer is actually the biggest winner,” he said in an interview on CNBC’s “Closing Bell.”
He said the spinoff has freed up time for the brand to think beyond the store.
Source: CNBC
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