1. In 2021 Saks Fifth Avenue split out its Saks.com online business into a completely separate legal entity. In the same year department store goliath Macy's has come under pressure from investors to also separate its e-commerce business from its physical store business. There are pros and cons of this approach. What are the implications for extraordinary resource investments when a retailer spins out its online business? What extraordinary resources does each entity need to develop? What extraordinary resources might two such entities jointly share?