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What is Richard Baker thinking? It goes against all omnichannel reasoning to break Saks into separate divisions - except to claw profits out of each, which will ultimately make Saks another real estate play. Just look at what happened to Lord & Taylor. Listen to Robin Lewis and Shelley E. Kohan, chief strategy officer of TRR, as they deconstruct what's happening to Saks and how it may play out as it moves backward, away from its core customer.

For more strategic insights and compelling content, visit TheRobinReport.com where you can read, watch, and listen to content from Robin Lewis and other industry experts.

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For more strategic insights and compelling content, visit TheRobinReport.com, where you can read, watch, and listen to content from Robin Lewis and other retail industry experts, and be sure to follow us on LinkedIn and Twitter.