Saks Global is moving to exit its partnership with Amazon as part of its bankruptcy, but Amazon’s luxury storefront will continue without it, the e-commerce giant said by email.
“Beyond the Saks experience, the Amazon Luxury store continues to offer a wide selection of high-end designer styles, and we’re adding more luxury brands regularly,” an Amazon spokesperson said. Saks Global didn’t immediately respond to requests for comment.
Less than a year ago Amazon established “Luxury Stores at Amazon,” curated by Saks Fifth Avenue, with an assortment that includes women’s and men’s ready-to-wear, beauty, shoes, handbags and accessories. At press time, Saks’ storefront on Amazon was still online. Last week, however, Reuters reported that Saks feels that not many brands were participating on Amazon’s luxury site and that it was better off prioritizing Saks.com.
Saks’ role in bringing brands on to Amazon’s storefront was a stipulation of Amazon’s $475 million contribution to the December 2024 acquisition of Neiman Marcus group, according to a document from Amazon filed Jan. 14 with the bankruptcy court that is overseeing Saks Global’s Chapter 11 process. “Saks Holdings agreed to pay Amazon a referral fee for Saks-branded goods sold on Amazon’s website and guaranteed at least $900 million over eight years in payments to Amazon,” per the filing.
In that document, submitted the same day Saks Global filed for bankruptcy, Amazon called its investment in the $2.7 billion Saks-Neiman deal — for about a 23% stake — “worthless” and accused Saks of breaching their agreement.
