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HBC Separates Saks' Online, Brick-and-Mortar Stores

Retail Holding Company Sees $500 Million From Private Equity Firm as Leading to ‘Redefining the Luxury Shopping Ecosystem’
The HBC division holding Saks Fifth Avenue’s 40 brick-and-mortar stores will now be referred to as SFA. (Getty Images)
The HBC division holding Saks Fifth Avenue’s 40 brick-and-mortar stores will now be referred to as SFA. (Getty Images)
By Jennifer Waters
CoStar News
March 7, 2021 | 6:47 P.M.

Saks Fifth Avenue’s online and brick-and-mortar businesses are splitting into two entities designed to exploit the shift in consumer shopping behavior, a move that underscores the extraordinary escalation of e-commerce shopping.

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