What was the primary reason for Saks Fifth Avenue's decision to split its online business from its physical stores?
Separating Saks Fifth Avenue Stores From Website Is a Win: CEO

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To focus solely on digital sales
To enhance the omni-channel experience
To reduce operational costs
To close down physical stores
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical challenge did luxury department stores face when luxury first came online?
High competition from other brands
Lack of customer interest
Limited product range
Inability to invest properly in online capabilities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does Saks Fifth Avenue plan to maintain its brand identity despite separating its online and physical businesses?
By closing physical stores
By focusing only on online sales
By keeping the brand unified across channels
By changing its brand name
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered the 'center of gravity' for Saks Fifth Avenue's brand?
The physical stores
The marketing campaigns
The website
The customer service
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the pandemic affect retail trends according to the discussion?
It permanently shifted trends for the worse
It only affected online sales
It had no impact on retail trends
It interrupted trends, sometimes for the better
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current focus of Saks Fifth Avenue's business strategy?
Reducing workforce
Expanding physical store locations
Raising capital through IPO
Enhancing customer experience and growth
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential future plan for Saks Fifth Avenue's online business?
Closing down the online business
Focusing only on physical stores
Launching an IPO or SPAC
Merging with another company
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