Saks ending ecommerce partnership with Amazon: Report
Bankrupt retailer Saks Global is ending its “Saks on Amazon” partnership with e-commerce giant Amazon.com, a source with direct knowledge of the decision said on Friday.
The partnership was already in dire straits when Saks filed for bankruptcy earlier this month, but the retailer had yet to say outright it was exercising its right under Chapter 11 bankruptcy to reject the contract.
On Friday, a source said Saks will wind down its Saks on Amazon storefront so it can focus on parts of its business it sees as spurring more growth.
