Amazon Isn’t the Solution to Saks’ Problems The recent unveiling of Saks Global’s new storefront on Amazon Luxury may have generated some buzz, but it seems that investors are not easily swayed by shiny new additions. Despite this seemingly strategic move, Saks Global is still facing a significant challenge in the form of deteriorating liquidity. […]
Saks Bonds Plunge as Investor Update Deepens Cash Concerns
Saks Bonds Plunge as Investor Update Deepens Cash Concerns Saks Global, a prominent player in the retail industry, recently experienced a significant drop in its bond prices following an investor update that failed to alleviate concerns about its financial stability. The company’s bonds took a hit after a call with management that did little to […]
Poor Payors: Assessing the Storm Around Saks
Poor Payors: Assessing the Storm Around Saks The recent letter sent by the department store operator, Saks, to brands has sent shockwaves through the fashion industry. In a move that underscores a growing power imbalance in the wholesale market, the letter is a stark reminder of the challenges faced by suppliers in an environment that […]