Saks Global Files for Chapter 11, Secures $1.75B Financing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy AMZN?
Source: seekingalpha
- Bankruptcy Filing: Saks Global, the luxury retailer, has filed for Chapter 11 due to debt issues, promising to pay outstanding invoices during the restructuring process, highlighting the severity of its financial crisis.
- Financing Support: The company has secured $1.75 billion in committed capital aimed at supporting its restructuring plan and maintaining operations, despite challenges posed by high interest rates and declining sales.
- Changing Market Environment: The luxury market saw rapid growth post-pandemic, but inflation and rising interest rates have narrowed the customer base to the ultra-wealthy, severely impacting Saks' sales.
- Increased Competitive Pressure: While Saks Global struggles, competitors like Bloomingdale's and Nordstrom are experiencing growth, with Bloomingdale's reporting its best sales growth in three years, underscoring the intense market competition.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 222.690
Low
250.00
Averages
294.69
High
340.00
Current: 222.690
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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