Saks Inc. Halts Spin-Off Plan

Birmingham, AL–Cataloger/retailer Saks has halted its plan to spin off its upscale Saks Fifth Avenue division into a separate public company. As announced in July, Saks had planned to spin off the retail chain Saks Fifth Avenue, the Saks Direct catalog division, and the Saks Off 5th off-price retail chain. The company said weak market conditions convinced it to scrap the spin-off

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.