Saks.com news and archive

Story3 invests in luxury ecommerce platform Saks.com

Story3 Capital Partners has announced a significant new investment in luxury ecommerce destinations Saks.com. Commenting on funding in Saks, Peter Comisar, founder and managing partner of Story3 and former Goldman Sachs Partner, stated, "We believe we are at the early innings of powerful global growth and penetration for luxury brands. As new...

Retail

Saks.com launches e-commerce wellness shop

Saks.com has launched its new Wellness Shop. The shop, which has a dedicated place in both the women’s and men’s top navigation on the website, encompasses four key pillars: fitness, health & nutrition, sexual wellness, and rest & relaxation. With this expansion, Saks is emphasizing a holistic approach to wellbeing, with an increased product...

Member

Business

HBC plans IPO for Saks.com

Hudson’s Bay Co. (HBC) has plans to spin off Saks.com into a public company in the near future. The news was reported by WWD. HBC has been meeting with investors regarding taking the company public. The plan is to split Saks.com from the Saks brick-and-mortar stores. The plan is to do an IPO within the next 12 months. This would make Saks Fifth...