Saks Parent HBC to Buy Neiman Marcus Group for $2.65 Billion, Including Investment from Amazon
Retail TouchPoints
JULY 5, 2024
Kestenbaum noted that Amazon “had hoped for big growth in supermarkets but it has proven a big challenge to crack into the top five performers in that industry. Department store services and technology, while not as big as grocery, could be a more accessible opportunity for Amazon and a great learning exercise.”
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