Saks ending ecommerce partnership with Amazon: Report

Saks will wind down its Saks on Amazon storefront so it can focus on parts of its business it sees as spurring more growth. The partnership arose from Amazon's $475 million investment in Saks' business in 2024. The companies agreed to an arrangement in which Saks would sell products on Amazon, paying the e-commerce giant at least $900 million over eight years.