Saks Ending E-Commerce Partnership with Amazon

Bankrupt retailer Saks Global is ending its “Saks on Amazon” partnership with e-commerce giant Amazon.com, a source with direct knowledge of the decision said, Nicholas P. Brown reported for the Associated Press (AP).

Saks will reportedly wind down its Saks on Amazon storefront to focus on parts of its business it believes offer stronger growth potential. (Photo: zyphbear Flickr) 

The partnership had already been in trouble when Saks filed for Chapter 11 bankruptcy earlier this month, but the retailer had not previously said it would exercise its right to reject the contract.

The source also said Saks will wind down its Saks on Amazon storefront to focus on parts of its business it believes offer stronger growth potential.

“The Saks on Amazon storefront saw limited brand participation,” the person said, adding that the company believes it would be better served by driving traffic directly to Saks.com.