Retail Therapy: The Saks-Neiman Marcus Mega-Deal

“This merger is not just a business transaction; it's a strategic move to redefine the future of luxury retail with technology at its core.” - Neil Saunders The latest episode of Retail Therapy dives into the monumental HBC acquisition of Neiman Marcus, creating a new luxury retail giant: Saks Global. This $2.65 billion deal, backed by industry titans Amazon and Salesforce, is set to revolutionize the luxury retail landscape. Hosted by top retail expert Andrew Smith, this insightful discussion features an impressive lineup of guests: Brandon Rael, Director, Consult Partner at Kyndryl Carl Boutet, Founder, Chief Strategist & Executive Advisor at Studio Rx Neil Saunders, Managing Director and Retail Analyst at GlobalData Retail Together, they explore how this merger will leverage technology to transform luxury retail, with Amazon providing technology and logistics support and Salesforce enhancing customer relationship management through AI. Special thanks to our sponsors Cognizant, Logicbroker, and Blue Yonder for making this episode possible!