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Activist Hedge Fund Wants Macy’s to Mimic Rival Saks’ Online Strategy

New York Post

An activist hedge fund that took a stake in Macy’s is is pushing the department-store giant to follow its upscale rival Saks Fifth Avenue’s online playbook, The Post has learned. In March, Saks separated its bricks-and-mortar business from its online division , with the latter becoming a new private company controlled by Saks whose value has exploded as demand for online luxury goods has boomed during the pandemic...

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