Amazon Stock Is a Buy as Luxury Retail Play Promises Prime Profits
CRMsalesforce(CRM) Investor Place·2024-07-10 18:00

Yea or nay to Amazon (NASDAQ:AMZN) stock after it was announced July 3 that it and Salesforce (NYSE:CRM) would take minority stakes in Saks Global, the name of the company paying $2.65 billion to acquire privately held Nieman Marcus.On the surface, it seems odd that Amazon and Salesforce would be involved in this kind of acquisition. However, the Hudson’s Bay Co., the owner of Saks Fifth Avenue, is trying To create an exceptional omnichannel experience like no other in the department store industry. Amazon ...