Saks Fifth Avenue Archives

Noi Mahoney Thursday, May 1, 2025

Layoffs hit freight-related companies across Southeast

More than 1,800 layoffs since the beginning of April are tied to the manufacturing, distribution and freight sectors.

Investors are urging retailers to spin off e-commerce operations from brick-and-mortar –– but should they?

Jack Daleo Monday, February 28, 2022

Should department stores spin off e-commerce from brick-and-mortar?

Should brands be more like Macy’s or Saks Fifth Avenue? The two companies are taking decidedly different approaches to e-commerce.

Brian Straight Tuesday, October 26, 2021

GXO opens e-commerce hub for Saks

Saks will leverage GXO’s logistics expertise to fulfill e-commerce orders from a new Pennsylvania fulfillment center.

Saks to spin off its e-commerce business

Brian Straight Wednesday, June 23, 2021

As more retailers embrace omnichannel shopping, Saks OFF 5TH spins off e-commerce business

The parent company of Saks OFF 5TH, the discount designer retailer, will spin off its e-commerce business in a new entity with fresh funding from Insight Partners.