Hudson's Bay Company to Buy Neiman Marcus Group, With Help From Amazon and Salesforce

Retail
Written By Rick Watson

Saks Fifth Avenue is a premier luxury department store chain known for its high-end fashion, accessories, beauty products, and home goods.

Neiman Marcus Group is an American luxury department store operator headquartered in Dallas, Texas. Founded in 1907, the company is renowned for its exclusive merchandise, designer fashion, and exceptional customer service.

Hudson's Bay Company has acquired Neiman Marcus Group, which will merge with Saks Fifth Avenue to form Saks Global. Salesforce and Amazon will hold minority shares in Saks Global. The luxury sector is seeing consolidation for survival.

WSJ: Saks Owner to Buy Neiman Marcus, With Help From Amazon

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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