Activist hedge fund wants Macy’s to mimic rival Saks’ online strategy

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… Continue reading at New York Post