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Earnings Reports 1 February 2026

Amazon stock (AMZN) heads into earnings week as Saks ends “Saks on Amazon” deal

Amazon stock (AMZN) heads into earnings week as Saks ends “Saks on Amazon” deal

Saks Global is pulling the plug on its “Saks on Amazon” deal with Amazon.com, according to a source familiar with the move, as the retailer navigates Chapter 11 bankruptcy. The partnership originated from Amazon’s $475 million investment earlier this year and obligated Saks to shell out at least $900 million over eight years. Amazon’s shares dropped 1.0% to $239.30 on Friday. A company spokesperson noted the luxury store is “adding more luxury brands regularly.”
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