Around the Net

Saks Fifth Avenue CEO Offers Advice For Retailers

Retail isn’t dying, despite the headlines, says Saks Fifth Avenue CEO Marc J. Metrick, pointing out that Amazon, at its core, is a retailer. “When people frown upon the industry, more often than not they are thinking of department stores, which have become a ‘dirty word’ in retail,” he says. “But rather than write them off, we should see this industry as primed for a reinvention. And, while it may sound self-serving, the luxury category is where the resurgence of the American department store can happen.”

Read the whole story at Fast Company »

Next story loading loading..