Saks E-Commerce Platform Prepares For IPO

The e-commerce business of Saks Fifth Avenue is planning an initial public offering that would value the company at about $6 billion, according to a report in the Wall Street Journal.

Clarus Raises Full-Year Outlook On Strong Q3 Growth

Clarus Corp. issued preliminary results showing third-quarter sales are expected to range between $107-$108 million, which is an anticipated 66 percent to 67 percent year-over-year increase compared to $64.5 million in the third quarter of 2020.