Saks president on artificial intelligence: 'We don't need A.I. in our stores. We have I'

Saks Fifth Avenue isn't intimidated by the emergence of artificial intelligence and consumer preferences shifting to online retail, the luxury department store's president told CNBC on Friday. "When you think about the online versus the offline experience, we don't need AI in our stores. We have'I,'" said Marc Metrick, president of Saks. "We have living, breathing, 4,500 style advisors in our stores." "The focus for Saks in the luxury space is really kind of convergence between tech and this living, breathing, selling associate," Metrick said in an interview on "Squawk Box." Metrick spoke as e-commerce giant Amazon has been aggressive in expanding its retail muscle, including through partnerships and acquisitions.