Saks.com Receives Liquidity From Lenders

Retail
Written By Rick Watson

Saks.com is a world-renowned luxury e-commerce destination with over 100 years of heritage. It is known for its distinguished product curation and partnerships with leading luxury brands. Saks combines a strong digital customer experience with a network of extraordinary stores, providing consumers with a seamless shopping experience. The company aims to capitalize on disrupted industry players, leverage its proprietary data, and expand its global presence.

Saks.com has secured funding from Pathlight, Bank of America, and STORY3 Capital Partners to enhance its liquidity and maintain low debt levels. Three years after investing in private equity, they receive funding from lenders.

PRNewswire: STORY3 Capital Makes Significant New Investment in Saks.com

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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