×
33 129
Fashion Jobs
PACSUN
E-Commerce Photo Studio Manager
Permanent · Anaheim
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Grand Junction
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Conway
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Asheville
KOHLS
Full-Time Loss Prevention Officer
Permanent · Yuba City
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Las Vegas
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Waite Park
THE ESTEE LAUDER COMPANIES
Keyholder - Cosmetic Company Store - Part Time - Columbus Outlet Center - Columbus, oh
Permanent · COLUMBUS
L BRANDS
Asset Protection Officer, Broad st - 2nd Shift (3pm -11pm)
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-Alamance Crossing
Permanent · Burlington
VICTORIA'S SECRET
Brand Operations Manager-University vt
Permanent · South Burlington
PINK
Brand Operations Manager-Gurnee Mills
Permanent · Gurnee
VICTORIA'S SECRET
Associate Merchandise Planner, Victoria's Secret Beauty
Permanent · New York
DARPHIN
Coordinator, na Ecommerce - Darphin
Permanent · New York
RAG & BONE
Sales Supervisor (Full-Time) - Manhasset
Permanent · Manhasset
FOOT LOCKER
Senior Technical Project Manager
Permanent · St. Petersburg
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Baton Rouge
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Metairie
ROSS STORES
Store Protection Specialist
Permanent · Garner
ROSS STORES
Store Protection Specialist
Permanent · Kapolei
ROSS STORES
Store Protection Specialist
Permanent · Houston
ROSS STORES
Store Protection Specialist
Permanent · Chicago
By
Reuters
Published
Mar 5, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

HBC to launch Saks Fifth Avenue's online business as separate entity

By
Reuters
Published
Mar 5, 2021

HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a $500 million infusion from Insight Partners, a U.S. private equity firm, in the online business.


Facebook: Saks Fifth Avenue



Online demand for expensive makeup and handbags has received a boost during the COVID-19 pandemic, prompting luxury goods sellers to double down on their e-commerce business at a time when store traffic has been under pressure.

“Luxury ecommerce is poised for exponential growth,” HBC Chief Executive Officer Richard Baker said.

Insight’s equity investment values the online business, called Saks, at $2 billion, HBC said, adding the retailer’s 40-store fleet would operate separately and would be referred to as SFA.

Marc Metrick, the chief executive of the combined firm, would helm Saks, with former Amazon.com Inc executive Sebastian Gunningham also joining the e-commerce company’s board.

Insight Partners has invested in a range of technology and e-commerce companies, including Shopify Inc and Qualtrics Inc.

© Thomson Reuters 2021 All rights reserved.