Retail Touchpoints

Industry News — HBC shuts down home business, eyes Saks off-price closures

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The closure of 20 underperforming Saks Fifth Avenue’s OFF 5th stores is “really one of the few plays available for a retail conglomerate in a world with too many stores, according to retail analyst Nick Egelanian, president of retail development consultants SiteWorks.” While the company is clearly placing big bets on experiential retail and making huge investments in the 5th Avenue, flagship, the off-price channel is hurting.

Read more from Retail Dive’s article here >>