Saks Online Business Spinoff

Mar 5, 2021

This May 11, 2020 photo shows a Saks Fifth Avenue store that remains closed in Palm Beach, Fla. Saks Fifth Avenue is spinning off its website into a separate company, Friday, March 5, 2021, with the hopes of expanding that business at a time when more people are shopping online. (AP Photo/Lynne Sladky)

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