亚马逊在周三提交的文件中表示，此项投资还附带一项协议，要求Saks在该电商巨头的平台上销售商 品，其中包括推出 "亚马逊Saks专区"。亚马逊称，作为回报，Saks同意支付推荐费，并承诺在八年时间 内向亚马逊支付至少 9 亿美元的款项。 亚马逊在诉状中指控："Saks始终未能达成业绩目标，在不到一年的时间里耗尽了数亿美元资金，还拖 欠零售合作伙伴数亿美元的未付账款。" Saks的首席重组官马克・温斯顿于周三作证称，该零售商迫切需要额外融资，以维持向供应商付款、支 付员工薪资及承担其他运营开支。 法官驳回了亚马逊公司针对Saks环球企业申请破产保护（第十一章破产程序）的首轮异议，批准为该破 产案提供短期融资。 这家电商巨头声称，这家奢侈品零售商违反了双方关于在亚马逊网站销售Saks商品的协议，且其对这家 现已破产企业的股权投资 "推定已毫无价值"。经过一场长达 7.5 小时的深夜庭审，Saks成功获批获得约 4 亿美元的现金支持，但在未来几周内仍需重返法庭，寻求总额 17.5 亿美元融资方案的最终批准。 亚马逊及其他反对该融资方案的债权人，仍可再次尝试说服美国破产法院法官阿尔弗雷多・佩雷斯废止 或修改这项债务协 ...

Core Insights - The retail landscape is evolving towards 2050, reshaping the competitive dynamics between Amazon and Walmart as both companies innovate in retail and commerce [2] Group 1: Company Strategies - Walmart is focusing on interoperability and collaboration, aligning with Google on agentic shopping standards to enhance the future of retail AI [6][8] - Amazon is prioritizing speed and control through proprietary systems, exemplified by its new megastore in Chicago and the introduction of portable "Just Walk Out" kiosks [10][12] - The contrasting strategies highlight a role reversal, with Walmart embracing open standards while Amazon builds its own closed ecosystem [5][16] Group 2: Market Implications - Walmart's collaboration with Google may lead to the rise of third-party shopping agents, making price and availability more critical than brand loyalty [14] - Amazon's approach aims to integrate commerce into daily life, reinforcing brand loyalty through physical and digital touchpoints [15] - The competitive landscape may shift as both companies adapt their strategies, potentially leading to unexpected convergence in their approaches [16]

Core Viewpoint - Amazon is opposing Saks Global's bankruptcy financing plan, citing significant financial mismanagement and a breach of their agreement following Saks' acquisition of Neiman Marcus [1][2]. Financial Performance - Saks has reportedly "burned through hundreds of millions of dollars in less than a year" and has accumulated "hundreds of millions of dollars in unpaid invoices" to retail partners [2]. - The acquisition of Neiman Marcus for $2.7 billion in December 2024 included Amazon's investment of $475 million, which is now considered "presumptively worthless" due to Saks' financial failures [2]. Bankruptcy Proceedings - Amazon argues that Saks' bankruptcy financing plan is detrimental as it adds new debt to parts of the Saks corporation and diminishes Amazon's position in the repayment hierarchy [3]. - A U.S. Bankruptcy Court judge has allowed Saks to access $1.75 billion in new bankruptcy financing, which Saks claims is necessary to avoid immediate liquidation [4]. Strategic Implications - The deal with Saks was intended to enhance Amazon's luxury product offerings through a "Saks at Amazon" storefront, which guaranteed at least $900 million in payments to Amazon over eight years [2]. - Amazon's involvement in Saks raised the potential for deeper investment in the department store chain, aligning with its strategy to expand its physical retail presence [6]. Other Stakeholders - Salesforce also became a minority shareholder in Saks during the Neiman Marcus acquisition, although its response to the bankruptcy plan remains unclear [8].

AI sign displayed on a screen and Amazon logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on December 23, 2025. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesAs of January 14, 2026, Amazon stock (NASDAQ: AMZN) has achieved an 11% return in the last year, falling behind several mega-cap tech rivals such as Google (78%) and Microsoft (14%). Despite leading in revenue scale at $670.038 billion, its profitability (11.37% operating margin) ...

JB Global Capital, an investment firm, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. During Q4 2025, JB Global Capital reported an 8.9% decline, largely driven by a sharp drop in Alibaba, its largest holding, while global markets posted modest gains. Despite the quarter’s setback, the fund delivered a strong full-year return of 67.5% and stands at 108.9% since inception, outperforming major benchmarks. The letter explains that 2025 market gains were heavily ...

Bloomberg (Bloomberg) — A judge turned back Amazon.com (AMZN) Inc.’s initial challenge to Saks Global Enterprises’ foray into Chapter 11, by approving short-term financing for the bankruptcy. The online giant claimed the luxury retailer breached a deal to sell Saks products on its website and that its equity investment in the now bankrupt business is “presumptively worthless.” After a late-night, 7.5-hour-long court battle, Saks won access to about $400 million in cash, but must return in the coming week ...

While much of the lackluster enthusiasm surrounding Amazon's AMZN stock has been due to fears of market-share losses for Amazon Web Services, Raymond James has highlighted another AI challenge that the company faces — this time, in its retail business. Amazon.com has struggled to convince investors that it's a top artificial-intelligence player among the Big Tech names, and even bulls acknowledge that there are challenges ahead of the company. ...

Core Insights - Amazon's cloud computing division has signed a two-year copper supply agreement with Rio Tinto's Nuton project to meet the strong demand for copper in AI data center construction, marking the first new copper mining capacity in the U.S. in over a decade [1] - The agreement comes as international copper prices reach historic highs, driven by increased consumption from data center construction, grid upgrades, electric vehicles, and renewable energy facilities, which have offset the slowdown in traditional manufacturing and construction demand [1][8] Group 1: Copper Supply Agreement - The Nuton project in Arizona utilizes advanced bioleaching technology to efficiently process previously uneconomic low-grade ores, expected to produce approximately 14,000 tons of copper cathodes within four years [1][5] - Amazon will provide cloud computing and data analytics services to optimize metal recovery rates and assist in increasing production capacity at the Nuton project [6] Group 2: Demand and Supply Dynamics - By 2040, AI applications are projected to drive global copper demand up by about 50%, with a potential supply gap of up to 25% if mining output does not keep pace [4] - The construction of a single large data center can require several thousand tons of copper, highlighting the inadequacy of the Nuton project's output to meet the total demand of such facilities [6] Group 3: Industry Challenges - Industry executives and analysts warn that copper resource shortages could significantly constrain the rapid development of AI, which is a key driver of U.S. stock market growth and economic expansion [7] - Despite rising copper prices potentially spurring advancements in recycling technologies and optimizing copper usage, a structural supply gap is approaching due to the rapid growth in demand from various sectors [8]

格隆汇1月15日｜奢侈品零售商萨克斯环球集团(Saks Global Enterprises)申请破产保护，遭到亚马逊的强 力反对。亚马逊在周三提交的法庭文件中，指控这家已申请破产的企业违反了双方关于在亚马逊平台上 销售萨克斯产品的协议，并直言其对萨克斯的股权投资如今推定已无任何价值。2024年，亚马逊购入了 萨克斯的少数股权，这笔交易是协助萨克斯以26.5亿美元并购Neiman Marcus计划的一部分。做为回 报，萨克斯承诺在八年内支付至少9亿美元的款项给亚马逊。然而，亚马逊在文件中控诉，萨克斯始终 未能达成预算目标，在不到一年的时间内挥霍了数亿美元资金，并积欠零售合作伙伴数亿美元的未付帐 款。 ...

格隆汇1月15日｜Raymond James将亚马逊目标价从275美元下调至260美元。 ...