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What will be Saks Global's next major technological initiative announced with Amazon's support by December 31, 2024?
2
Resolution / Starting Odds
Enhanced online shopping platform • 25%
New logistics and delivery system • 25%
AI-driven customer service • 25%
Other • 25%
Official announcements from Saks Global or Amazon, or major news outlets
Story
Saks Parent Acquires Neiman Marcus in $2.65 Billion Deal with Amazon's Support, Forming Saks Global
Jul 3, 2024, 08:47 PM
The parent company of Saks Fifth Avenue has finalized a $2.65 billion deal to acquire its rival, Neiman Marcus. This merger, which creates a significant player in the luxury retail market, is backed by Amazon, which will take a minority stake in the new company, named Saks Global. Amazon's involvement is expected to provide technological and logistical support to the newly formed entity. Additionally, Salesforce is also poised to take a minority stake in the new company.
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Similar markets
Yes • 50%
No • 50%
Saks Parent Company • 25%
Amazon • 25%
Salesforce • 25%
Other • 25%
Current Saks CEO • 25%
Current Neiman Marcus CEO • 25%
Amazon executive • 25%
Other • 25%
Below $2 billion • 25%
$2 billion to $4 billion • 25%
$4 billion to $6 billion • 25%
Above $6 billion • 25%
Yes • 50%
No • 50%
New consumer-focused robot • 25%
New business-focused robot • 25%
New feature for existing products • 25%
Other • 25%
Healthcare AI • 25%
Retail AI • 25%
Logistics AI • 25%
Other AI sector • 25%
Strategic partnership • 25%
New product development • 25%
Acquisition of Anthropic • 25%
No significant outcome • 25%