Monday, February 2, 2026 at 6:57 PM
Saks Global is set to end its 'Saks on Amazon' partnership as it restructures under Chapter 11 bankruptcy protection, focusing on areas expected to yield stronger growth.
All but a dozen of the roughly 70 Saks Off 5th stores will be shut, and the online business will wind down too.
The company reported that its cloud-computing growth has been slower than rivals.
The bank will make voting decisions on shareholder proposals without the help of proxy advisers like ISS and instead rely on a new internal system.
The e-commerce giant will convert some locations into Whole Foods Market stores.
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