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Amazon Isn’t the Solution to Saks’ Problems

The shiny new storefront on Amazon Luxury did not distract investors this week from Saks Global’s deteriorating liquidity problem.
Woman walking past Saks Fifth Avenue building
The shiny new storefront on Amazon Luxury did not distract investors this week from Saks’ deteriorating liquidity problem. (Getty Images)

When Saks Global announced its partnership with Amazon this week to open a new storefront on the long-fledgling Amazon Luxury Stores platform, the news was less notable than the timing.

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