WSJ: Saks Deems Stores a Dead Weight and Relegates Them
Saks formed new company a called Saks.com that will lead the company, shares today's WSJ. The physical stores will be moved from the 'drivers seat' to the 'passengers seat.' In a nod to Amazon.com and Walmart's success with third-party sellers, Saks.com will offer a marketplace and pay third-party sellers a commission.
Bonus: Saks launched a new website in November 2020. Bridge reviewed the site and shared 13 features the site lacked. Read Bridge's review of the Saks website here: https://marketplace.bridgecatalog.com/news.cfm?id=20187