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One source said on Friday (30 January) that Saks will shut down its “Saks on Amazon” store front to focus on parts of its business “it sees as spurring more growth”, Reuters reported.
The partnership first materialised after Amazon invested $475m (£347.2m) to support Saks’ acquisition of Neiman Marcus in 2024.
The deal resulted in an agreement for Saks to sell products online with Amazon, paying the ecommerce company at least $900m (£658m) over an eight-year period.
The “Saks on Amazon” storefront launch in April 2025, as part of Amazon’s “Luxury Stores” shopping experience concept.
It is understood that the partnership between Saks and Amazon had already been facing challenges ahead of Saks Global’s bankruptcy filing. Sources told Reuters that luxury brands sold via Saks had concerns that selling on a mass market ecommerce site would “dilute their brand”.
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Drapers has contacted Saks Global and Amazon for comment.
Amazon, alongside LVMH and Chanel, has been appointed to Saks Global’s newly formed creditors committee, giving the etail giant “more leverage” as Saks’s bankruptcy process progresses.