Core Viewpoint - The crisis at Saks Global highlights the need for a reinvention of the distribution model for department stores, as stated by Luca De Meo, CEO of Kering, which owns Gucci [1] Group 1 - The current challenges faced by high-end department stores like Saks Global indicate a significant shift in consumer behavior and market dynamics [1] - Kering's leadership emphasizes the importance of adapting to these changes to remain competitive in the luxury retail sector [1]