What: the possible IPO of Saks Fifth Avenue digital operation

Why it is important: the IPO would establish Saks.com and the Saks Fifth Avenue bricks-and-mortar stores as separate companies.

The rumour of HBC taking Saks.com public comes out just days after luxury online retail Mytheresa went public and saw its stock price quickly soar. The manoeuvre would make the physical operations and the digital operations two freestanding companies, which would be a first in the retail industry.

Saks relaunched its webstore last October, offering a more curated offer and a user-friendly navigation based on an enhanced data gathering process.

Hudson’s Bay Co. Planning to Take Saks.com Public