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.”
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